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

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RFID/NFC tags and readers
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Smart shelves
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Barcode scanners
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Proximity beacons
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Automated Guided Vehicles (AGVs)
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Automated storage and retrieval systems
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Cameras and machine vision systems
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Digital weighing scales
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Smart labels
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Forklift trackers and controllers
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Pick-to-Light systems
  • 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

Connectivity and Management

  • 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)

Integration

  • 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

Analytics

  • 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

UI/UX

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

Assistance