The 4 best practices for inventory management in mass consumer companies and how Mobilvendor adapts

Inventory management is an essential component for mass-market businesses. Efficient management not only optimizes resources, but also improves customer satisfaction and business profitability. Next, we'll explore four inventory management best practices and how Mobilvendor adapts to each of them, highlighting the services that best apply. Learn about the technological resources that Mobilvendor has for your company hereinventory managementContents hide 1 “Just in Time” Strategy (JIT) 2 “Safety Stock” Strategy 3 ABC4 Cross Strategy — Docking5 How does Mobilvendor adapt? 5.1 Logistics Module5.2 WMS6 Conclusion"Just-in-Time” (JIT) Strategy The “Just-in-Time” strategy focuses on delivering products just when they are needed, minimizing inventory in the warehouse and reducing costs. The Suggested Order module allows us to create personalized shopping baskets using algorithms and machine learning, thus improving customer experience and sales. And in this way, optimize the movement of inventory according to the company's business needs.Tools to use.Suggested Order Module/Business Module/“ Safety Stock” Strategy Maintaining optimal inventory levels is crucial to avoid product shortages and ensure business continuity. The “Safety Stock” strategy focuses on maintaining a safety stock to cover unexpected variations in demand. Mobilvendor in the database module allows you to configure a security stock in each warehouse, which gives us the option of defining a minimum quantity of products that must always be in each item. This makes it easy to verify inventory levels by manually reviewing reports, ensuring that you never run out of essential stock.Tools to useInventory Management databaseABC StrategyThe “ABC” strategy classifies products into three categories according to their importance and value. Category A products are the most important in terms of value and financial contribution, category B products are of intermediate importance, while category C products have the lowest value. This allows management efforts to be focused on the most important products for the business. For each item, Mobilvendor allows you to set priorities based on sales needs and the stock movement required for inventory. This ensures that the most important products are always available and managed efficiently, optimizing both sales and inventory control. The Analytics Module allows you to visualize data in personalized dashboards, facilitating informed decision-making. With advanced tools such as Data Mining, Artificial Intelligence and Machine Learning, we can perform predictive analysis of specific products. This allows us to anticipate market trends and needs, optimizing our strategies and operations more effectively. Tools to use:Database moduleAnalyticsCross — Docking moduleCross-Docking streamlines logistics by minimizing the time that products remain in the warehouse. The products are unloaded and loaded directly into delivery vehicles, accelerating the distribution process. The WMS module allows us to know the exact location of each SKU in the warehouse, by scanning the barcode of each product. This makes it easy to create guides per customer, invoice or shipping route. The dispatch requests option allows you to generate delivery routes, considering the warehouse location and the average ticket of each customer, thus improving delivery time and reducing operating costs. In this way, efficiency in inventory management and distribution logistics is optimized. Tools to use:WMS moduleLogistics module How is Mobilvendor adapted? Logistics Module The Mobilvendor logistics module is designed to optimize and streamline inventory management and delivery processes in mass-market companies. Thanks to tools such as real-time inventory control, route optimizer and online dispatcher tracking, the efficiency of your logistics operations is guaranteed. Main tools: Assign and reassign routes on digital maps. Track dispatchers online from the point of distribution. Configure the system to group deliveries according to assigned shipping routes, volume of invoices or delivery person. WMS The Mobilvendor Warehouse Management System (WMS) turns your warehouse into a smart warehouse, giving you full control over the available spaces. You'll be able to know exactly where each item in your inventory is located, the remaining lifespan of each one, and other crucial data to optimize your inventory management. Main tools: Easily locate each item within the warehouse. Precise control of your inventory: stock, sell in (purchases), sell out (sales), reserved, etc. Monitor the rotation of products within the warehouse. Conclusion Implementing these best inventory management practices can significantly transform the operational efficiency of mass-market companies. Mobilvendor is perfectly adapted to these practices, offering advanced technological solutions that facilitate automation, accurate tracking, data analysis and route optimization. With Mobilvendor, companies can manage their inventory more efficiently, reducing costs and improving customer satisfaction.