How Vinculum's Omnichannel Solution Reduces Inventory Holding Cost for Retailers

Vinculum Solutions Pvt. Ltd., a Global Software Company enabling OmniChannel Retailing, has reduced the inventory holding cost for retailers through its omnichannel solution.
By: Vinculum Solutions
 
NOIDA, India - Jan. 2, 2022 - PRLog -- Inventory management is without doubt one of the most challenging aspects when it comes to retail and eCommerce. One of the most time-consuming and expensive aspects of any business is the procurement and storage of inventory. For large warehouse-type retailers, the costs associated with receiving and storing a diverse range of products can be exorbitant. In addition to this, most retailers are also responsible for delivering these goods to their customers—a process that can be time-consuming but is necessary in order to ensure that everyone is able to make a purchase with ease. In a traditional brick-and-mortar situation, cutting down on inventory has several benefits. If a retailer can drop ship the bulk of items directly from their suppliers, then they will not have to hold vast amounts of stock at considerable expense.

One of the biggest benefits of Vinculum's automated inventory management system, Vin eRetail, is that along with saving time, it also saves labor costs and company funds. Being one of the largest assets of a company, inventory management is important due to the expensive purchase and cost of storing it. The company stays in the red light until the products are sold and profit is made. Only then can the company turn its green lights on. If the company doesn't sell all its stock, it has to eat the costs of the stock along with the cost of warehouse management with all the storage requirements, rents, and handling costs; a complete waste or loss. Ordering too much can lead to a major loss for the company. This can be prevented through Vinculum's efficient inventory management system Vin eRetail, which constantly keeps check of inventory with minor to almost zero errors in automation and inventory records. When you streamline the inventory management with Vin eRetail, you eliminate both stock expenses associated with a human mistakes and also earn profit by further savings costs.

About Vinculum:

Vinculum is a Global Software Company enabling OmniChannel Retailing on a mission to help brands and retailers easily scale, reach and delight customers across channels globally. Its WMS (Warehouse Management System ) has featured in the Gartner's Magic Quadrant  5 years in a row (2017- 2021) and has also received awards from Software suggest, SaasBhoomi, Accenture, and more for its agile technology.  With 150 + global integrations and 70 + partners, Vinculum is serving 100+ d2C brands including Clovia, MyGlamm, Heads Up for Tails, Neeman's shoes, Chumbak to name a few.

Visit -https://www.vinculumgroup.com/use-cases/inventory-order-m...

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Tags:Inventory Management System
Industry:Software
Location:Noida - Uttar Pradesh - India
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Page Updated Last on: Jan 02, 2022



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