Inventory Management
Inventory management is the process of tracking and controlling the flow of goods within a supply chain to ensure the right products are available at the right time and place. It involves managing stock levels, storage locations, reorder points and demand forecasting.
Why inventory management matters
Effective inventory management is critical for avoiding overstock, stockouts and unnecessary costs. When done well, it improves order accuracy, reduces waste and strengthens overall supply chain performance. Poor inventory control, on the other hand, can result in capital being tied up in excess stock, lost sales from shortages or increased operational inefficiencies.
How Connected Load Carrier supports inventory management
Connected Load Carrier improves inventory management by providing real-time insights into asset availability, movement and dwell time. With this visibility, businesses can maintain optimal stock levels, rebalance assets across sites and react quickly to unexpected demand shifts.
Stock Management within the 360° Asset Control Tower
Inventory control is further strengthened by Connected Load Carrier’s Stock Management feature, part of the 360° Asset Control Tower. It gives businesses a real-time overview of stock levels across depots, warehouses and customer locations, while also tracking inflows and outflows to spot bottlenecks. This feature helps companies balance asset pools more effectively, prevent shortages and reduce idle time, transforming inventory from a cost burden into a strategic advantage.
