Track inventory in real time and receive alarms/notifications before stock out, you can implement an inventory management system with the following features:

  1. Real-Time Tracking: The system uses smart technology to track inventory items in real time.
  2. Stock Out Notifications: There is a system to send alerts or notifications when inventory levels reach a predefined threshold. These notifications can be sent via email, SMS etc.
  3. Configurable Units of Measurement: The system can accommodate different units of measurement, such as count, weight, or volume. This flexibility allows you to track and manage inventory based on the specific requirements of your application.
  4. Customization: The inventory management system is customizable to fit your specific business needs.
  5. Efficiency Improvement: By monitoring inventory levels in real time and receiving stock out notifications, you can take proactive measures to eliminate stock out conditions. This includes adjusting production schedules, initiating procurement processes, or optimizing inventory replenishment strategies. By minimizing stock out situations, you improve overall efficiency and customer satisfaction.
  6. Production and Procurement Planning: Real-time inventory tracking and stock out notifications provide valuable insights for production and procurement planning. You can analyze historical data, forecast demand, and make informed decisions on production schedules, reorder points, safety stock levels, and supplier relationships. This helps you optimize inventory levels, reduce lead times, and avoid production bottlenecks or stock shortages.

Implementing a comprehensive inventory management system with these features can greatly enhance your inventory control processes, improve operational efficiency, and enable better planning for production and procurement.

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