Inventory Controls Management
Continuously Monitor Inventory-Related Controls
Approva’s Approach
Approva’s inventory management solution ensures that product and vendor master data is accurate and up to date. A rich library of out-of-the-box business rules test for the most common inventory-related controls ranging from managing safety stock levels and data accuracy to monitoring inventory levels and aging.
Key Benefits
Reduced Working Capital
Approva can reduce working capital costs by ensuring that you are optimizing inventory levels and production requirements with your overall sourcing strategy.
Improved Order Fill Rate
By helping you to more effectively manage customer inventory, Approva can reduce stock-outs and increase your order fill rate. This boosts revenue and customer satisfaction.
Vendor Managed Inventory
Approva can monitor the effectiveness of vendor managed inventory arrangements and ensure that your suppliers are meeting the terms of their pre-arranged supplier agreements.
Additional Product Resources
We felt that it was important to have the same controls monitoring solution that our external auditor uses when they perform their IT control reviews.
- Director, System and Services, Datacard Group