Inventory. How much is enough? How much is too much? These are questions that have plagued business
for centuries. To this day they continue to plague businesses who do not properly deal with inventory management using the wide array of analytical tools available.
Edison Technologies began
primarily as a billing service provider, but over the years expanded its capabilities by capturing data and developing software to use the data to great advantage in a wide variety of areas, particularly
inventory management. For years many businesses felt inventory was just something you had to have and a full warehouse meant you had enough. Many never realized the costs associated with either
excessive or too little inventory. Excess inventory tied up cash, with potential over-age product. Too little inventory resulted in loss of sales and its potential revenue. There is also
the risk of a consumer switching to a different product when their favorite brand was not available.
Inventory is something that can be micro-managed. Seasonal trends are easily
recognized and identified in sufficient time to adjust production and shipping schedules of suppliers. This enables the supplier to provide a supermarket chain with detail analysis of anticipated
needs, benefiting both parties. The reports also make an excellent case for the timing of promotions, maximizing their effectiveness, as opposed to simply giving the consumer a reduced price.
Our staff carefully analyzes inventory, the type of product, its shelf life, the storage requirements and myriad other details, providing you with customized reports for your business. We recognize
that a snack supplier has far different needs than a soft drink or baked goods distributor. We work to provide you with the tools to professionally manage your inventory. Almost without exception
those suppliers and retailers with whom we have dealt over the years have reduced their inventory costs and over-age product costs substantially. Importantly, their inventory levels were sufficient for