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Bulk Mail Real Time Inventory System

Track the movement of your products instantaneously with our real time inventory systems. Simplify your inventory management and reduce human errors with automated systems that let you appraise your stock at a glance and coordinate complex inventory transactions with a click. MGA Innovation’s talented team of experts has the experience and skills you need to implement and maintain a cutting-edge system that can save you mistakes, time, and money.

What is Real Time inventory Management?

Real time inventory management is a form of inventory management that allows businesses to easily track and account for inventory across multiple facilities and sales channels. Businesses use barcodes, scanners, serial numbers, inventory software, and RFID tags to keep track of their inventory on a minute to minute basis. This constantly updating system creates unparalleled inventory transparency so you know not only where your stock is, but how it got there, how long its been there, and whether or not a particular item is running low.

Strengths and Weaknesses

Perpetual live monitoring of your products takes resources to implement and maintain. But once implemented, real time inventory can:
  • Help you create more accurate accounting records.
  • Lower the likelihood of stockouts.
  • Reduce lost inventory.
  • Seamlessly integrate inventory management across multiple locations.
  • Calculate the exact cost of goods sold for each item you sell.
  • Improve inventory visibility, including the status of transfers.
  • Give you a clear idea of where your business stands.

Who benefits from real time inventory?

Not every business requires real time inventory. But for companies that need to register changes as they happen, real time inventory is an important investment. Some companies that benefit from this type of management system include:
  • Small businesses keeping track of their cost of goods sold (COGS), which can impact the amount of taxes your business owes.
  • Companies that experience regular fluctuations in customer demand, such as businesses that sell seasonal products.
  • Businesses that see a high volume of sales and quick inventory turnover.
  • Companies that sell merchandise across multiple locations or sales channels.

If your business matches any of these descriptions, a real-time inventory management system can be well worth the investment. Small companies with low inventories, a limited selection of products, and low turnover would likely not find real time inventory systems helpful.

Contact Us

Our highly trained teams have years of experiencing managing and working with real time inventory systems.  Contact us today to discuss your real time management options.