Inventory management with PRTG
- What is inventory management?
- What does an inventory manager do?
- Why is inventory management important?
- What are the advantages of inventory management software?
- How does PRTG help with my inventory management?
- PRTG for managing the inventory of small and large companies
- The benefits of inventory management monitoring with PRTG
PRTG is the perfect tool for keeping track of your inventory management system. It provides for 24/7 monitoring and immediately notifies you if predefined threshold values are exceeded. With PRTG monitoring, you’ll optimize your inventory management, improve your processes, and increase the satisfaction of your customers.
What is inventory management?
Inventory management is an element of logistics. It involves managing your company’s flow of goods, and maintaining an overview of its merchandise and materials – in other words, its inventory. A critical part of the supply chain, inventory management also plays an important role in relation to customers. In particular, its goals include the following:
- Reduce stockpiles
- Optimize services
- Increase customer satisfaction
What does an inventory manager do?
Simply put, inventory managers are responsible for managing the inventory of a company. Among other things, they keep an eye on the following:
- Current stock levels
- When and which products need to be reordered
- Quantities that need to be reordered
- Where products are stored
To optimize their inventory, inventory managers are faced with three main tasks:
1. Demand planning
Inventory managers predict the demand for products in order to prepare a company for orders and keep customers happy.
2. Inventory planning
Inventory managers determine the optimal number of products to be ordered, as well as the best time to order them.
3. Procurement planning
Here, the goal is to determine the best way to fulfill inventory, demand, and procurement requirements to meet the objectives of the company.
Why is inventory management important?
Large inventories are often associated with substantial amounts of capital. These stockpiles result in higher costs, lower liquidity, and an increased risk of theft or damage. Small inventories, on the other hand, can lead to shortages and unhappy customers. Inventory management is therefore crucial to supply chains. In particular, it provides for the following:
Maximum control of the flow of goods
Reduction of inventory costs
Optimal profitability thanks to accurate planning
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What are the advantages of inventory management software?
By managing your inventory with software, you’ll be able to skip several time-consuming steps that are often prone to errors:
Optimization: When combined with a monitoring tool like PRTG, inventory management software helps to optimize your inventory management. It replaces error-prone methods such as one-step calculations and rules of thumb. This in turn reduces costs and increases customer satisfaction. Inventory management software performs calculations and automatically keeps track of all the important processes involved in inventory management:
- Manual completion of Excel spreadsheets
- Manual counting of stock
- Manual placement of orders
- Order management
- End-to-end processes
- Inventory tracking
- Demand planning and analysis
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How does PRTG help with my inventory management?
PRTG takes your inventory management software to the next level. By monitoring your inventory management processes, PRTG optimizes your inventory management by allowing you to constantly check whether everything is working as it should:
- Is your inventory planning correct?
- Are minimum inventory levels met?
- Can customers place orders without problems?
- Do end-to-end processes work without malfunctions and interruptions?
- Are the environmental conditions suitable in the warehouses?
PRTG comes with customizable dashboards for visualizing all your important inventory management processes and data. You can create different dashboards for different teams and even rotate views on a single screen.
With PRTG, you’ll keep a constant eye on your inventory levels. The software lets you enter minimum inventory levels and define threshold values for the inventories of certain goods. If any of these thresholds are reached, PRTG will inform you at once. As a result, you can immediately take action and (for example) order more goods.
With PRTG, you get to decide how your team is notified when problems arise or your inventory threshold values are reached. Choose from Microsoft Teams, push notifications sent to smartphones, good old emails, or other means. As an inventory manager, you’ll therefore be able to always stay on top of issues.
With PRTG, it’s easy to generate reports containing monitoring data from previous time periods. You can then compare this data with real-time data to determine ways to optimize your inventory management tasks. For example, you can identify when inventory levels tend to get lower and adjust your demand planning accordingly.
“The greatest advantage of PRTG? You get to rest easy.“
Steffen Ille, Bauhaus-University of Weimar, Germany
This version is perfect for small and medium-sized infrastructures. It includes:
- Customizable maps and dashboards
- Customizable alerts
- Multiple user interfaces
It also comes with detailed reports, decentralized monitoring, and other monitoring features.
This version is perfect for large and extremely large infrastructures spread out over multiple locations. It comes with the same features as PRTG Network Monitor, albeit adapted to the needs of larger environments. Among other things, these include the monitoring of business processes and SLAs.
With this version, you leave the hosting to us. We provide you with the full range of PRTG features via the cloud. A subscription-based monitoring tool, PRTG Hosted Monitor spares companies the hassle of setting up special hardware and allows them to pay based on their actual monthly or annual usage.
PRTG: The multi-tool for sysadminsAdapt PRTG individually and dynamically to your needs and rely on a strong API:
- HTTP API: Access monitoring data and manipulate monitoring objects via HTTP requests
- Custom sensors: Create your own PRTG sensors for customized monitoring
- Custom notifications: Create your own notifications and send action triggers to external systems
- REST Custom sensor: Monitor almost everything that provides data in XML or JSON format
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|Network Monitoring Software - Version 188.8.131.521 (October 2nd, 2023)|
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