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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
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.
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.
Page Updated Last on: Jan 02, 2022