Iotellect - Inventory and Storage Management

Solution Group

Industry

Smart Wholesale

Retail and Wholesale

PoC Duration

Iotellect Match

3-15 days

AI powered Low Code IoT/IIoT Platform

Boost efficiency by automating tracking with barcode/RFID systems, reducing errors and improving accuracy. Enhance cost savings through optimized stock levels and space utilization, and ensure faster, accurate order fulfillment. Improve customer service with better stock visibility and integrate seamlessly with ERP systems for comprehensive management. Deliver your own solution tailored to internal or market customers.

Iotellect is a low code IoT/IIoT development platform. It does not work as an out-of-the-box solution or product. Instead, it helps you to monetize your IoT know-how by dramatically lowering labor costs and cutting time-to-market for your product, service, or solution. It allows business-oriented IoT professionals to join the development process by converting their IoT market knowledge directly into product features and specific value delivered to your end customers.

Build Your IoT Application

Connect Your

Inventory and Storage Management Devices

RFID/NFC tags and readers

Smart shelves

Barcode scanners

Proximity beacons

Automated Guided Vehicles (AGVs)

Automated storage and retrieval systems

Cameras and machine vision systems

Digital weighing scales

Smart labels

Forklift trackers and controllers

Pick-to-Light systems

Connect Devices

Connectivity & Management

Automatic update of inventory levels and track movements using barcode scanning, RFID, and IoT sensors, reducing manual input and errors
Automated alerting of low stock levels, expirations, or discrepancies help manage inventory proactively and avoid stockouts or overstock situations
Handling of order processing, including picking, packing, and shipping, ensuring accurate and timely fulfillment
Centralized management of inventory across multiple locations, warehouses, or distribution centers, providing a unified view and improving coordination
Usage of decentralized network of interconnected devices to enhance connectivity and reliability across large or complex warehouse environments
Enhancement of transparency and security in the supply chain by recording transactions and inventory movements on a blockchain, providing an immutable audit trail

Integration

Low code integration with Supply Chain Management (SCM) systems
Low code integration with Point of Sale (POS) systems
Low code integration with Warehouse Management Systems (WMS)
Low code integration with Transportation Management Systems (TMS)
Low code integration with E-commerce platforms
Low code integration with Manufacturing Execution Systems (MES)
Low code integration with Order Management Systems (OMS)

Analytics

Analysis of past inventory data to identify patterns and trends, such as seasonal demand fluctuations, which helps in forecasting and planning
Usage of historical data and machine learning algorithms to forecast future demand, helping to optimize inventory levels and reduce stockouts or overstock situations
Calculation of inventory turnover rates to assess how quickly inventory is sold and replaced, helping to identify slow-moving items and improve stock management
Determination of optimal safety stock levels to balance inventory costs with the risk of stockouts, ensuring adequate supply without excess inventory
Analysis of supplier performance in terms of delivery times, accuracy, and quality, aiding in supplier evaluation and relationship management
Assessment of warehouse space usage, helping to optimize storage configurations and improve space utilization
Evaluation of costs associated with inventory management, including holding costs, carrying costs, and order processing expenses, to identify cost-saving opportunities
Correlation of inventory data with other business metrics, such as sales performance or supply chain activities, to provide a holistic view of operations

UI/UX

Customization of dashboards that provide an overview of inventory levels, status, and key metrics using graphs, charts, and gauges for quick insights
Display of real-time updates on inventory data, stock movements, and order statuses to ensure users have the most current information
Availability of powerful search and filter capabilities to quickly locate specific items, categories, or transactions within large inventories
Support for user-friendly forms and data entry fields for adding, updating, or deleting inventory items and related information
Visual indicators (like color codes) and audio signals for system alerts, actions, and errors to enhance user interaction

Key Features for Your
Inventory and Storage Management Solution

Customers and Partners

System Integrators
Original Device Manufacturers
Independent Software Vendors
Engineering Companies
Retail Enterprises
Small and Medium Businesses
Warehouse Operators

Solution Users and Developers

Dedicated low code developers
Supply chain experts
IoT/IIoT hardware developers
Retail and wholesale professionals

Customer success team

Community

Online training

Inventory and Storage Management