Inventory Management: A Multi-Dimensional Business Challenge

reading time : 2 min

Picture of Lucie Monnot
Lucie Monnot

Content Marketing Manager

Companies that hold stocks of raw materials or finished goods are required to carry out at least one annual stocktake. But beyond this legal obligation, managing these assets on a day-to-day basis represents a major, multi-faceted challenge. Dedicated digital tools help monitor and keep stock levels in balance.

Tableof Contents

La gestion de stocks, une activité aux enjeux multiples

The Challenges of Rigorous, Continuous Inventory Management

Every company must track its product inflows and outflows in real time. First and foremost, under Article L. 123-12 of the French Commercial Code, an annual inventory of the active and passive components of a company’s assets is mandatory.
 
Another critical point: goods must be available in sufficient quantities to meet demand. The challenge is to anticipate orders so that all customers can be served as quickly as possible, wherever they need to be. The company must therefore be able to forecast the volumes it will require over a given period and organize its replenishments accordingly.
Conseils meilleure gestion demandes intervention
While a stockout is commercially damaging, a surplus is equally harmful — this time from a financial standpoint.

Indeed, a company must recoup its production investments through sales.
Items left sitting on shelves or unused raw materials represent tied-up capital, not to mention the risk of depreciation.

In the case of perishable products, those not sold before their expiry date are considered a total loss — along with all associated costs.
 
Finding the equilibrium point is therefore essential for reducing purchasing and storage costs — to name just the warehouse-related expenses (rent, staff wages). Effective inventory management generates savings and prevents cash flow problems. It also has a direct impact on accounting: the higher the stock value, the lower the liquidity, increasing the working capital requirement (WCR).

The Key Role of an Inventory Management Solution

Once the number of SKUs to manage becomes substantial, a spreadsheet is no longer fit for purpose, for several reasons:
  • data entry errors increase;
  • real-time tracking of stock movements becomes complex;
  • the analytical capabilities needed for informed decision-making are limited.
Inventory management software addresses these various issues by taking into account the company’s specific requirements and constraints — in particular, the method the organization uses to track flows. Several approaches exist:
  • The calendar-based system: replenishment occurs on a fixed date with a fixed quantity of goods.
  • The reorder point technique: replenishment is triggered at a variable date, based on reaching a minimum stock level threshold.
  • Periodic replenishment: a target level is set based on estimated sales volumes, and replenishment takes place on a fixed date to bring stock back to that level.
  • Order-driven replenishment: incoming customer orders determine both the date and the quantity to be replenished.
  • Demand-driven replenishment: through optimized monitoring of stock movements, this approach offers both flexibility and cost efficiency — but it is the most demanding method in terms of inventory management.
The feature set of a CRM solution that includes logistics functionality is broad:
  • configuring a critical threshold for each SKU and automatically triggering replenishment when that alert level is reached, to prevent stockouts or overstocking;
  • automated label and barcode management using a scanner connected to the software, to speed up data entry on goods receipt and dispatch while minimizing errors;
  • optimal stock organization across multiple sites.
A good tool must obviously be flexible and scalable — and above all compatible with the other programs already in place within the company’s information system.

Frequently Asked Questions

FAQ – The Most Frequently Asked Questions About Nomadia

Why Choose Nomadia?

As France’s leading publisher of Smart Mobility SaaS solutions, Nomadia supports more than 175,000 field professionals every day. Our solutions are easy to use, quick to deploy, and deliver significant and immediate return on investment.

Drawing on the expertise of both a software publisher-integrator and a consulting firm, Nomadia’s teams provide tailored support, from data consulting to the deployment of mobile devices. Finally, our technical support team is available 24/7 to assist you.

Who Are Nomadia Solutions Designed For?

Nomadia solutions support the digital transformation of all mobile professionals: field sales representatives, delivery drivers, technicians, auditors, healthcare workers, inspectors, service providers, security patrol officers, experts, and more.

Whether for SMEs or large enterprises, our solutions adapt to businesses of all sizes and across all industries.

How Much Does It Cost?

Nomadia Delivery offers transparent and flexible pricing, which primarily depends on the number of users (for example, planners and dispatchers) rather than a fixed cost per parcel.

Thanks to this model, you can control your delivery costs based on the number of resources (users) involved in route management, providing great flexibility to adjust your subscription according to the size of your fleet and your operational needs.

Is It Compatible with My Current ERP System?

Yes! Nomadia Delivery has been designed to integrate quickly and easily into your existing environment thanks to our powerful and secure APIs. Our solution is compatible with most ERP systems on the market. API integration enables the automatic synchronization of your transport orders, customer orders, and customer information, ensuring smooth and error-free delivery tracking. The solution also offers user-friendly import capabilities with data validation controls, as well as export options in multiple customizable formats.

Is It Suitable for Our Delivery Volume?

Yes, Nomadia Delivery is ideal for companies that manage a high volume of deliveries and want to optimize their routes, create balanced territories for their drivers, and ensure precise tracking of every parcel. Nomadia Delivery adapts to fleets of all sizes!

Can Multiple Warehouses or Depots Be Managed?

Yes, our solution allows you to manage multiple warehouses or depots. It centralizes data and optimizes routes or service operations for each of them.

Is There a Limit to the Number of Stops in Route Optimizations?

No, there is no strict limit to the number of stops in route optimizations. Our solution can handle large volumes of stops and quickly calculate optimized routes.

nomadia logo

Geoconcept becomes Nomadia

Geoconcept brands are officially
evolving into Nomadia

nomadia logo

TourSolver becomes
Nomadia TourSolver