Product Overview of Wasp Inventory Control
Wasp Inventory Control is a comprehensive and user-friendly inventory management system designed to help small to mid-sized businesses efficiently track, manage, and optimize their inventory levels. This software is tailored to simplify the complexities of inventory management without the high costs and intricacies associated with enterprise-level solutions.
Key Features and Functionality
Inventory Tracking
Wasp Inventory Control enables robust inventory tracking by various parameters, including site, location, serial number, purchase order (PO) number, supplier code, date code, lot, pallet, and customer. This multi-dimensional tracking ensures businesses have a comprehensive view of their inventory at all times.
Barcode Scanning
The software integrates seamlessly with barcode scanning technology, allowing users to quickly and accurately update inventory records. This feature is particularly useful for tasks such as receiving, picking, and shipping inventory, reducing the likelihood of manual entry errors.
Real-Time Inventory Reporting
Wasp Inventory Control provides real-time inventory reporting, enabling businesses to generate detailed reports on inventory levels, transactions, and other critical metrics. These reports can be customized to meet specific business needs, offering valuable insights for decision-making.
Automatic Low Stock Notifications and Reorder Points
The system includes automatic low stock notifications that alert users when inventory levels fall below predefined thresholds. Users can set automatic reorder points for each inventory item and specify preferred vendors, streamlining the procurement process by automatically generating and sending purchase orders to designated vendors.
Cycle Counts and Audits
Wasp Inventory Control supports cycle counts and inventory audits, allowing businesses to regularly verify inventory accuracy. This feature helps identify discrepancies between recorded and actual inventory levels, enabling timely adjustments and improved inventory control.
Customizable Item Labels
The software allows users to print customized item labels with barcodes, which can be affixed to inventory items for easy scanning and tracking throughout the supply chain.
Mobile Inventory Management
Users can update inventory data in real-time using mobile devices, facilitating inventory audits and management from any location. This feature enhances operational efficiency and ensures accurate data capture on-the-go.
Supplier and Purchase Order Management
Wasp Inventory Control enables the creation of purchase orders directly within the system, which can be emailed or printed for faxing or mailing. It also allows for the management of multiple suppliers per item and the tracking of non-inventory items and service items.
Security and Reporting
The software includes feature-based security settings to restrict access to designated staff members, ensuring data integrity. It also offers over 60 built-in reports for comprehensive insights into inventory levels, slow-moving items, and other key metrics.
Additional Features
- Inventory Quantities: Users can gain insights into total available, checked-out, and in-house inventory quantities, and set reorder quantity levels for items by location.
- New Inventory Items: The system allows for the creation of new inventory items through scanning, typing, or selecting from a list, and automates the assignment of serial numbers and other identification methods.
- Integrated Labeling Software: Wasp Inventory Control includes WaspLabeler, which allows users to create, customize, and print barcode and data labels for inventory and locations.
Benefits
Wasp Inventory Control enhances operational efficiency by streamlining various inventory management tasks, reducing manual entry errors, and ensuring accurate and up-to-date inventory records. It helps businesses maintain optimal inventory levels, reduce stockouts and overstocks, and make informed business decisions through comprehensive reporting.
Overall, Wasp Inventory Control is an intuitive, easy-to-use solution that empowers small to mid-sized businesses to manage their inventory effectively, ensuring they can meet customer demand without the complexities and high costs of larger inventory management systems.