By Reducing Inventory cost
- Reduced stock expiry: SpineBMS ERP works on First Expiry First Out model which automatically prioritizes consumption of stock that is first to expire. Thus, it reduces wastage of stock.
- Demand linked stock: It forecasts demand and usage and accordingly guides to maintain only the required quantity of stock. It helps to do away with excess stock and releases surplus resources tied up with redundant stock.
- Stock visibility across the distribution chain: SpineBMS ERP provides real time information on stock and sales at the distributor / stockist location and accordingly guides the company to reallocate the stock from the location that is not performing well to the location that is performing well.
- Instant status of stock: Instant reports on the exact status of stock allows the company to take the timely action. SpineBMS ERP instantly provides reports on wastage, returns, swap outs, replacements, and items that are to be returned to the manufacturer.
- Reduced handling and maintenance: Reduced stock means reduced warehousing, handling, transportation and damages cost
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