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Description

In the realm of business, stocks encompass commodities, raw materials, and both finished and intermediate goods, representing financial investments from which we anticipate returns. Efficient inventory management is crucial for optimizing these returns on investments. Various models exist for managing inventory effectively. Among them, the Theory of Constraints introduces a contemporary business management approach through Dynamic Buffer Management (DBM), which ensures high product availability while minimizing stock levels. Additionally, we propose a distinct methodology for managing manufacturing inventories known as Demand Driven Material Requirements Planning (DDMRP), which aligns stock levels with real-time demand. By implementing a dynamic buffer management system that considers actual demand and sales, businesses can enhance their operational efficiency and responsiveness to market needs. This approach not only streamlines inventory processes but also contributes to overall financial performance.

Description

Enhance your merchandising execution by adopting a nimble, data-centric strategy that fosters improved operational effectiveness and accelerates outcomes. By leveraging automation and forecasting demand at a hyper-local scale, you can reduce inventory levels, boost sales, and empower your teams to make informed decisions. Break free from outdated and rigid merchandising methods, such as WSSI and other historical tools. Nextail integrates algorithm-driven, retail-focused solutions that increase flexibility and efficiency while eliminating manual tasks and reducing uncertainty. Prevent isolated stock issues by utilizing dynamic buffers that allow for daily adjustments in volume distribution across both online and physical channels. This process not only supports your buyers’ expertise but also equips them to purchase the optimal quantity of new products by accurately predicting local demand. By employing mid-term, bottom-up forecasts at the SKU level, you can ensure that buying decisions are driven by 80% data and only 20% intuition, promoting a more informed and strategic approach to inventory management. Ultimately, this transformation empowers retailers to adapt swiftly to changing market dynamics and customer preferences.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

No details available.

Integrations

No details available.

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial Yes 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

ABM Cloud

Founded

2009

Country

Estonia

Website

abmcloud.com/en/solution/inventory-management/

Vendor Details

Company Name

Nextail Labs

Founded

2014

Country

Spain

Website

nextail.co

Product Features

Inventory Management

Alerts/Notifications Yes 
Barcoding / RFID No 
Forecasting Yes 
Inventory Optimization Yes 
Kitting No 
Manufacturing Inventory Management Yes 
Mobile Access Yes 
Multi-Channel Management Yes 
Product Identification No 
Reorder Management Yes 
Reporting/Analytics Yes 
Retail Inventory Management Yes 
Supplier Management Yes 
Warehouse Management No 

Product Features

Inventory Management

Alerts/Notifications No 
Barcoding / RFID No 
Forecasting Yes 
Inventory Optimization Yes 
Kitting No 
Manufacturing Inventory Management No 
Mobile Access No 
Multi-Channel Management Yes 
Product Identification No 
Reorder Management Yes 
Reporting/Analytics Yes 
Retail Inventory Management No 
Supplier Management No 
Warehouse Management No 

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