What is Inventory Management

Inventory Management refers to a series of management activities that effectively plan, organize, coordinate, and control a company’s inventory to reduce costs, improve efficiency, and meet customer demands. It plays a crucial role in business operations. Not only does it impact production processes and supply chain efficiency, but it also directly affects a company’s costs and competitiveness. Through effective inventory management, businesses can ensure the supply of raw materials and components for production, avoid disruptions caused by stockouts, and reduce excess inventory to lower storage costs.

Common Pain Points in Inventory Management

2.1 Low Warehouse Space Utilization

• Many companies struggle with inefficient warehouse space utilization. On one hand, improper item placement leads to wasted space. On the other hand, inaccurate information or expired goods result in overstocking or unsold inventory. These issues directly impact warehouse space efficiency.

2.2 Inconvenient Inventory Tracking

• Traditional warehouse management relies heavily on manual operations, requiring significant time and effort for inventory tracking. Additionally, delayed data updates cause outdated inventory information, creating management challenges.

2.3 Complex Inbound/Outbound Processes

• Cumbersome warehouse inbound/outbound processes are a widespread issue. Many steps involve manual intervention, making the entire process complicated and inefficient. From goods inspection and data entry to shelving or shipping, substantial time and labor are required.

2.4 High Logistics Costs

• Some companies face elevated logistics costs due to inefficient transportation processes. This not only increases operational expenses but also reduces competitiveness.

ShareCRM Inventory Management Solution

• Integrates CRM (Customer Relationship Management) with Inventory Management, creating a closed-loop system of Account-Sales-Products. This reduces handover tasks and simplifies sales processes for businesses.
• Enables omnichannel digital management, connecting manufacturers/brand owners, distributors, and end-users to facilitate information sharing and business workflows among brands, distributors, and stores.
• Features a user-friendly system designed for mobile internet-era usability.
• For manufacturers/brand owners, we recommend ERP integration solutions.
• For distributors, we recommend full closed-loop management within ShareCRM.