Cowry Inventory Management Software
Automate inventory management, reduce handling costs, optimize cash flow
What is CowryERP Inventory Management?
CoWry inventory management software is a tool that automates aspects of inventory and warehouse management, streamlining the tasks required to effectively track inventory, manage reordering and update accounting data. CoWry Inventory management software grants visibility into the entirety of your stock, helping you maintain optimal amounts to continue fulfilling orders without holding too much of a given item. CoWry Inventory management software automates critical tasks and reduces the chance for human errors, especially through integrations with key systems like accounting software and point-of-sale solutions. The features you need in CoWry inventory management software will be dictated by your industry and the circumstances of your business’s daily operations.
Automate Inventory Tracking
CoWry Inventory management software automates your inventory management system. This sotfware allows retailers and wholesalers to manage their inventory in real-time. CoWry simplifys workflows and save time. By configuring your retail automation with pre-built conditions, you’ll be free to get on with other essential tasks safe in the knowledge that inventory is taken care of. CoWry use powerful automation engines to help you optimize your entire inventory and distribution process. You can automate everything from dropshipping to backorders, partial fulfillment, order invoicing, customer tagging, inventory counts, and more.
Ultimate Inventory Visibility
CoWry Inventory management software ensures ultimate visibility of your inventory. It shows you what it has on-hand, its status and where it’s kept. Customers also rely on inventory visibility to find and buy products they want at any of your locations. CoWry Inventory management software maintains visibility throughout the supply chain allowing businesses to better meet customer demand and reduce costs. Supply chain visibility allows you and your customers to track products at the production center, warehouse, retail store or in transit.
Learn How ERP Can Streamline Your Business
Not only are manual tasks time-consuming, but they also hold the potential for human error. You might have relied on manual processes when your business was starting out, but how do you plan to keep up with those activities as it grows? CoWry ERP software enables automation, helping companies reduce expenses, save time and grow their bottom line. For example, with CoWry ERP software, companies can track inventory levels across multiple locations – once a laborious manual task that resulted in crossed wires and miscommunication, automation makes this process relatively painless. As a result, operations managers can trim excesses and respond to shortages more proactively. A few of the other tasks you can automate with CoWry ERP include: Creating sales orders. Allocating inventory to each sales order. Emailing invoices or notifications to customers to update them on product availability. Coordinating cross-department workflows. Replenishing stock when it gets low. Tracking and organizing receivables. Sending out notices to shorten receivable cycles and improve cash flow. CoWry ERP offers Industry-specific ERP solutions that come equipped with even more automation capabilities that can help your company simplify and streamline its efforts.
COWRYERP Inventory Management Benefits
There are so many great advantages that can result from managing inventory properly. Here are some additional benefits to keep in mind:
- Improved Accuracy of Inventory Orders:
Accuracy of product orders, status, and tracking are critical to good inventory management. An effective fulfillment partner will have real-time software and systems in place to make sure no product is left untracked throughout the fulfillment process. - Improved Warehouse Organization:
A good inventory management strategy leads to an organized fulfillment center. An organized warehouse results in more efficient present and future fulfillment plans. This also includes cost-savings and improved product fulfillment for businesses utilizing the warehouse for managing inventory. - Improved Warehouse Productivity:
With proper inventory management in place, less time and resources are spent invested in managing inventory and can be allocated to other areas. Technology is often used to speed up tracking and fulfillment operations, ensuring inventory records are accurate. - Save Time and Money:
Due to improved ordering accuracy, efficiency, and product flow, good inventory management results in saved time and money. - Improved Customer Retention and Engagement:
Effective inventory management and control protects from incorrect or damaged goods being shipped to customers. This helps improve customer experience, protect from issues such as refunds, and achieve more repeat buyers.
Cowry ERP Inventory Management Features
Inventory Management minimizes manual processes by automatically tracking inventory levels, orders and sales throughout the inventory cycle
Cowry Inventory Management gives you the ability to predefine fulfillment rules to eliminate multiple shipments for a single order and avoid excess shipping charges.
With visibility into stock across all locations, you can proactively monitor stock levels and sell through, transferring inventory between locations as necessary to ensure inventory availability and minimize obsolete inventory. Sales associates are empowered to save potential lost sales in out-of-stock situations with enterprise-wide inventory availability that allows them to transfer, hold or ship items directly to the customer.
Fluctuations in demand, seasonality, supply chain logistics and a product’s natural life cycle must be accounted for to ensure sufficient stock on hand. Using demand-based replenishment, NetSuite Inventory Management uses historical and seasonal sales data, average lead time and number of inventory days’ of supply to dynamically manage item reorder points and maintain preferred stock levels. NetSuite automatically generates tasks and alerts and sends them to the purchasing manager.
Cycle Counting Cowry Smart Count is an inventory cycle counting solution that enables organizations to improve the efficiency and accuracy of management by automating inventory counts without freezing transactions in the entire location. The inventory level used for the count is taken at the time the count starts for each individual item. Smart Count keeps track of transactions that happen for the items being counted, and if there is any activity during the count, NetSuite automatically alerts counters so they can react appropriately. Preferences allow administrators to choose what happens if the on-hand quantity changes for an item during the count process.
Cowry Inventory Management lets you back and forward trace inventory using lot and serial tracing. Lot-numbered items track the quantity and specific cost for each lot as products are purchased and produced. Serializing inventory allows you to choose a specific item when you fulfill an order. Together, lot and serial numbers let you define fulfillment strategies (such as first expiring, first out) , minimizing waste and ensuring inventory is used in the most efficient way.
Bin management and defining your merchandise hierarchy also help with traceability. Matrix items track products by options such as size and color. Updates made to the parent item are automatically applied to sub-items, greatly simplifying SKU management.
The Item 360 Dashboard brings together all relevant information related to an item in a single, centralized location. By putting all the information a user could need on any item in one place inventory planning and management become easier to do. Item 360 goes beyond the basics to show information like user-selected KPls, inventory count by location and projected stock levels, with alerts for anticipated shortages or overstocks.
Challenges Inventory Management COWRYERP Solves
- Manual Reporting: Inaccurate time-consuming inventory reporting will be a problem of the past.
- Inefficient Utilization: No longer worry about having excess inventory in one location while another location is out of stock.
- Inaccurate Planning: Minimize the problems that result from poor planning, like stockouts, excess inventory, increased discounting and write-offs.
- Excessive Handling: Eliminate unnecessary handling that increases cost of goods sold (COGS).
- Lack of Visibility: Inability to track and trace a product from supplier to customer order will no longer be a concern.
How Much Does COWRYERP Inventory Management Cost?
Companies of every size, from pre-revenue startups to fast-growing businesses, have made the move to CoWry. Looking for a better way to run your business but wondering about the cost? Users subscribe to Cowry for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for initial setup. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.