CIOTech Outlook, a technology magazine providing solutions for enterprises and a source for technology decision makers has introduced a list of ‘10 promising Inventory management software providers- 2022, and CODASOL is positioned as one of the top providers.
CODASOL has been offering technology-driven services to enterprises with effective data management by precisely meeting the needs of the clients on time. CODASOL’s inventory management involves the data of procured goods from manufacturer to warehouse until the point of the process where they hit the sales funnel. Maintaining the data in an inventory management software helps in better visibility of inventory, better planning and sales forecasting, enhanced productivity, guaranteed customer satisfaction and customer retention, supply chain coverages, stockouts, oversells etc.
CODASOL has been quoted by CIOTech Outlook magazine as “Renowned for offering exclusive services for material management, BOM & warehouse management, ERP support, Data cleansing, cataloging, Enrichment, Vendor master management, Spend analysis, Asset, and plant management.”
Gone are the days of spreadsheets, hand-counted stock levels, and manual order placement. The inefficiency and lack of accurate details have led to various financial losses, time, and energy in the past era. But now they are ultimately replaced with our software like PROSOL, a SaaS-based inventory management tool created by CODASOL where all critical data are combined to form one big master data providing a common point of reference. This ensures the balance between what the enterprise stocks up and what the customers want from them without much hassle and confusion. The goal is not to stock little or too much but stock the needed efficiently, especially without the occurrence of any human errors.
PROSOL helps reduce the master data problems with integrated quality, convenience, and accuracy of new and better-standardized data in one place. PROSOL not only helps in collecting and maintaining accurate data but thereby cuts costs effectively like never before. For instance, When an enterprise comes up with new material, the code for the same will go through various stages of approval from subject matter experts of CODASOL before finalizing and adding to the enterprise’s cloud database. This enables accuracy, updates, and reliability on a real-time basis across multiple applications and systems. This has helped immensely to avoid acquiring both excessive intentional and unintentional purchases.
