Ventory provides a field inventory management platform that offers real-time visibility and control over remote inventory and spare parts, integrating seamlessly with existing ERP and WMS systems. The solution addresses the lack of accurate stock visibility and high stock discrepancies, resulting in over 99% stock accuracy and a significant reduction in stockouts within weeks of deployment.
Funding
€4.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
DFKSMVBFounders
Product
Problem
Many organizations lack real-time visibility and control over their field inventory and spare parts, especially in remote locations. Existing ERP and WMS systems are often restrictive and not designed for the complexities of managing inventory across numerous Tier 3 locations, project sites, or service vehicles, leading to inaccurate stock data and inefficient processes. This results in high stock discrepancies, unexpected stockouts, and delays in billing and service delivery.
Solution
Ventory offers a field inventory management platform that provides enterprises with complete visibility and control over their remote inventory and spare parts. The platform can be deployed as a standalone solution or integrated with existing ERP, WMS, and CMMS systems to enhance their capabilities. By digitizing and streamlining field inventory management, Ventory enables accurate stock visibility, reduces stockouts, and improves overall operational efficiency. The system is designed to be intuitive and easy to use for field workers, ensuring reliable data capture and informed decision-making.
Target Audience
Ventory targets enterprises across various industries, including 3PLs, infrastructure, energy, HiTech, automotive, and field services, that manage remote inventory and spare parts.
Features
- Real-time visibility and control of field inventory down to the bin level
- Mobile application for field workers to manage inventory, track stock movements, and perform cycle counts
- Integration with existing ERP, WMS, and CMMS systems via API
- Automated and smart replenishment features to optimize stock levels
- Offline functionality for use in areas with limited or no connectivity
- Customizable dashboards and reports for tracking key performance indicators (KPIs)
- Role-based access control to ensure data security and compliance