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Inventory Management Systems Development Company

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Elevate your business efficiency with Devox's custom warehouse inventory management systems development. Benefit from real-time inventory tracking, reduced operational costs, and enhanced decision-making capabilities. Our systems are designed to optimize your stock levels, prevent overstocking or understocking, and improve overall inventory accuracy.

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How Can it Help My Business?

What is an Inventory Management System and How Can it Help My Business?

An Inventory Management System (IMS) is a tool designed to efficiently manage stock levels, orders, and sales. It keeps track of items that are in stock, as well as upcoming or departing positions. This way, it helps your business know when to order more items, which items are selling well, and which ones aren't.

Apart from giving precise information on inventory levels, the IMS can also easily tackle the issues of misplacement or theft (as the items are tracked), over- or understocking (as the stock level information is organized), order delays, and some other organizational pains warehouses often experience.

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Services We Provide

Inventory Management System Services We Provide

The primary advantage of a Devox-delivered inventory management system in the warehouse is its adaptability and tailor-made design. Explore the diverse TMS solutions we can create for you.

  • Perpetual Inventory Systems

    Achieve continuous, real-time updates on inventory levels as the sales process continues. PIS is ideal for up-to-minute accuracy in inventory records, such as in large retail chains or e-commerce businesses. You’ll be able to track parts and supplies usage as they are consumed, ensuring real-time visibility on the availability of critical components for vehicle maintenance and repairs.

  • Periodic Inventory Systems

    Periodic systems update inventory records at regular intervals such as monthly or quarterly. They are more suitable for smaller businesses or those with a limited range of inventory items. It’s a great choice for less critical items or those with predictable usage patterns, enabling scheduled checks and updates without the need for real-time tracking.

  • Barcode Scanning Systems

    Utilizing barcode technology for inventory tracking, these systems enhance accuracy and speed up inventory management. You will reduce manual data entry, enabling quick check-in and check-out processes in the warehouse, and ensuring accurate records of parts used for vehicle servicing.

  • Radio Frequency Identification (RFID) Systems

    Track high-value assets or items that need to be tracked over distance, such as vehicles in a large depot or yard. RFID systems use radio waves to read and capture information stored on tags attached to inventory items. They let you scan multiple items simultaneously without direct line-of-sight. Ideal for larger, more complex operations.

  • Cloud Inventory Management System

    A cloud-based inventory management system offers online access to inventory data, providing flexibility and scalability for businesses of all sizes. Increase your remote access capabilities, enabling managers to access inventory data from anywhere.

Development Process

Our Inventory Management System Development Process

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Beyond the standard SDLC, we meticulously focus on all aspects of inventory management systems software development. Your custom features will be intricately integrated, ensuring convenience and efficiency for your business operations.

01.

01. Requirement Analysis

We start by understanding and documenting your specific business requirements. Our team analyzes your current inventory management processes to identify key pain points and improvement areas. This stage involves determining the scope of the system, including its essential features and the integration capabilities with your existing business tools.

02.

02. UI/UX Design

The next step is designing the user interface and user experience. Our focus here is on creating an intuitive, easy-to-navigate interface that meets end-user needs. We draft a blueprint of the system's layout, ensuring that the design not only visually appeals, but enhances the functionality and user engagement with the system.

03.

03. Development

It’s time to bring the design to life. Having architected the back end with a scalable and robust structure, our development team begins building the system, incorporating all the functionalities we’ve established in the advisory step. This includes setting up the database, integrating APIs, and ensuring the system is compatible across platforms and devices.

04.

04. Integration

At this stage, we integrate the newly developed IMS with your existing business systems such as ERP, CRM, accounting software, and e-commerce platforms. This integration is crucial for ensuring seamless data exchange and operational coherence across your business's various functions.

05.

05. Testing

Following integration, our team conducts extensive testing to ensure the system is reliable, efficient, and bug-free. The types of testing include functional testing, performance testing, and user acceptance testing. We simulate real-world scenarios to establish the system's readiness, identifying and resolving any potential issues that could affect performance or user experience.

06.

06. Deployment

Once testing is successfully completed, we proceed to deploy the IMS in your business environment. We ensure a smooth transition from your old system to the new IMS, with minimal disruption to your daily operations. Data migration is handled with utmost care, transferring all necessary information from your existing system to the new IMS while ensuring data accuracy and completeness.

07.

07. Maintenance and Updates

If receiving a request, the Devox team makes necessary adjustments or updates to ensure the IMS continues to meet your evolving business needs - either by conducting a bug fix or scaling the system with new attributes. We provide regular maintenance and updates to keep your IMS up-to-date, paying prioritized attention to security.

  • 01. Requirement Analysis

  • 02. UI/UX Design

  • 03. Development

  • 04. Integration

  • 05. Testing

  • 06. Deployment

  • 07. Maintenance and Updates

Logistics Software Integrations

Logistics Software Integrations

  • Back End

    • C++
    • NestJS
    • Flask
    • Django
    • Express.js
    • .NET
    • PHP
    • Ruby
    • Java Spring
    • Python

  • Front End

    • OpenCV
    • Next.js
    • Svelte
    • Vue.js
    • Angular
    • React.js
    • PWA
    • TypeScript
    • JavaScript 
    • HTML/CSS

  • DevOps & Cloud

    • Conan
    • Cmake
    • Github Actions
    • CUDA
    • Datadog
    • Grafana
    • Kubernetes
    • Podman
    • Docker
    • Google Cloud

  • Database Development

    • MariaDB
    • Redis
    • Cassandra
    • MongoDB
    • Oracle DB
    • SQL Server
    • PostgreSQL
    • Elasticsearch
    • MySQL

  • Web 3

    • EVM
    • Arbitrum
    • NOWNodes
    • Web3.js
    • Hardhat
    • Ethers.js
    • OpenZeppelin
    • Chainlink
    • Truffle
    • Moralis

  • Artificial Intelligence

    • DL4J
    • Chainer
    • OpenCV
    • CNTK
    • Caffe
    • Theano
Benefits

Benefits of Custom Inventory Management System

Be it an inventory management system for manufacturing, restaurants, retail, or other businesses, advanced systems offer numerous enhancements for key performance metrics. Discover the challenges you can overcome and the areas you can improve with our solutions.

  • Eliminate Overstocking and Understocking

    Prevent overstocking, freeing up capital and storage space, and understocking, leaving missed sales and disappointed customers in the past. The IMS you’ll get sets automatic reorder points based on sales velocity and lead times, ensuring that stock is replenished before it runs out.

  • Avoid Losses Due to Theft or Misplacement

    Reduce the risks of theft and misplacement or locate misplaced items within storage facilities with no additional effort: the Devox-made IMS maintains a detailed log of inventory movements by design, quickly identifying discrepancies that might indicate theft or misplacement, allowing for prompt action.

  • No More Manual Errors or Delays

    Manual inventory processes are prone to human error, but an IMS isn’t: it automates tracking and regular inventory audits, significantly reducing errors in counting and recording inventory levels. You will have many processes streamlined, saving valuable time and labor.

  • Revolutionize the Space and Warehouse Usage

    Inventory management system software can optimize the use of warehouse space by tracking inventory turnover rates and suggesting the best ways to organize and store items. You will also have up-to-date, real-time information on stock levels, allowing for quick and accurate decision-making.

  • Reach Consistent Inventory Information Across Locations

    If you find maintaining consistent inventory records challenging in multiple locations, an IMS can tackle this issue. Thanks to cloud technology, this software helps prevent duplicate orders or uneven stock distribution, syncing data across all sites.

  • Harness Regulatory Compliance and Impeccable Reporting

    Meeting regulatory requirements and generating reports can be easier with an IMS. You will have peace of mind concerning changing regulations and enjoy a simplified reporting process: the system will generate reports such as safety stock levels, expiry date tracking for perishable items, and hazardous material handling.

Key Features

Key Features to Add to Your Custom Inventory Management System

01

Real-Time Inventory Tracking and Classification

Enables continuous monitoring and updating of inventory levels as sales, purchases, and returns occur, providing up-to-date information and categorizing it into various groups or classes. You’ll facilitate easier management and analysis of different product types and their order rates.

02

Automated Reordering and Returns Management

The system can automatically generate purchase orders and reorder stock when levels fall below predefined thresholds, ensuring consistent inventory availability. Manage returns efficiently, updating inventory levels and providing insights into returns patterns.

03

Barcode Scanning

Integrates barcode technology for quick and accurate tracking of inventory items, reducing manual data entry errors.

04

Reporting and Analytics

Offers detailed reports and analytics on inventory levels, sales patterns, turnover rates, and more, aiding in informed decision-making and forecasting.

05

Multi-Location Management

Manages inventory across multiple warehouses or store locations, providing a consolidated view of stock levels and movements.

06

Stock Audits/Counts and Demand Forecasting

Supports regular stock audits and counts, ensuring physical stock matches recorded inventory. Uses historical data and trends to predict future inventory requirements, aiding in efficient stock planning.

07

Supplier Management

Tracks and manages supplier information, including purchase history, lead times, and pricing, streamlining the procurement process.

08

Batch and Expiry Date Tracking

Essential for businesses dealing with perishable goods or items with expiration dates, ensuring timely sale or use of products.

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Entrust your future product to Devox: we’ll combine elaborated business proposition with diligently written code, strong architecture and cybersecurity, intuitive UI/UX and full customization either to your business or your demanding client.

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Case Studies

Our Latest Works

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Starting as a ticket selling website, Function4 grew to an all-in-one event management platform thanks to Devox’s help. It provides an ecosystem and data for comprehensive device setup, invitation and communication.

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Core Tech:
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  • CUDA
  • Github Actions
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Awards & Certifications

Industry Contribution Awards & Certifications

Check Devox Software Awards on rating & review platforms among top software development companies and Certifications our team members holds.

  • Awards
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Reviewed on
29 reviews
  • UpWork

    UpWork

  • Clutch

    Clutch

  • The Manifest

    The Manifest

  • DesignRush

    DesignRush

  • MC.today

    MC.today

  • Clutch

    Clutch

  • Clutch

    Clutch

  • AppFutura

    AppFutura

  • Clutch

    Clutch

  • GoodFirms

    GoodFirms

  • DesignRush

    DesignRush

  • UpWork

    UpWork

  • Professional Scrum Master™ II (PSM II)

    Professional Scrum Master™ II (PSM II)

  • Professional Scrum Product Owner™ I (PSPO I)

    Professional Scrum Product Owner™ I (PSPO I)

  • ITIL v.3 Foundation Certificate in IT Service Management

    ITIL v.3 Foundation Certificate in IT Service Management

  • ITSMS Auditor/Lead Auditor of ISO Standard 20000

    ITSMS Auditor/Lead Auditor of ISO Standard 20000

  • Microsoft Certified: DevOps Engineer Expert

    Microsoft Certified: DevOps Engineer Expert

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    Microsoft Certified: Azure Administrator Associate

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    Quality Assurance ISTQB Foundation Level

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    Microsoft Certified Solution Develop (MCSD)

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    Java Development Certified Professional

  • JavaScript Developer Certificate – W3Schools

    JavaScript Developer Certificate – W3Schools

  • Certified Artificial Intelligence Scientist (CAIS)

    Certified Artificial Intelligence Scientist (CAIS)

  • Oracle Database SQL Certified Associate

    Oracle Database SQL Certified Associate

Reviewed on
29 reviews
Testimonials

Testimonials

Sweden

The solutions they’re providing is helping our business run more smoothly. We’ve been able to make quick developments with them, meeting our product vision within the timeline we set up. Listen to them because they can give strong advice about how to build good products.

Carl-Fredrik Linné
Tech Lead at CURE Media
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Darrin Lipscomb
United States

We are a software startup and using Devox allowed us to get an MVP to market faster and less cost than trying to build and fund an R&D team initially. Communication was excellent with Devox. This is a top notch firm.

Darrin Lipscomb
CEO, Founder at Ferretly
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Daniel Bertuccio
Australia

Their level of understanding, detail, and work ethic was great. We had 2 designers, 2 developers, PM and QA specialist. I am extremely satisfied with the end deliverables. Devox Software was always on time during the process.

Daniel Bertuccio
Marketing Manager at Eurolinx
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Australia

We get great satisfaction working with them. They help us produce a product we’re happy with as co-founders. The feedback we got from customers was really great, too. Customers get what we do and we feel like we’re really reaching our target market.

Trent Allan
CTO, Co-founder at Active Place
Andy Morrey
United Kingdom

I’m blown up with the level of professionalism that’s been shown, as well as the welcoming nature and the social aspects. Devox Software is really on the ball technically.

Andy Morrey
Managing Director at Magma Trading
Vadim Ivanenko
Switzerland

Great job! We met the deadlines and brought happiness to our customers. Communication was perfect. Quick response. No problems with anything during the project. Their experienced team and perfect communication offer the best mix of quality and rates.

Vadim Ivanenko
COO at Optherium
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Jason_Leffakis
United States

The project continues to be a success. As an early-stage company, we're continuously iterating to find product success. Devox has been quick and effective at iterating alongside us. I'm happy with the team, their responsiveness, and their output.

Jason Leffakis
Founder, CEO at Function4
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Sweden

We hired the Devox team for a complicated (unusual interaction) UX/UI assignment. The team managed the project well both for initial time estimates and also weekly follow-ups throughout delivery. Overall, efficient work with a nice professional team.

John Boman
Product Manager at Lexplore
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Tomas Pataky
Canada

Their intuition about the product and their willingness to try new approaches and show them to our team as alternatives to our set course were impressive. The Devox team makes it incredibly easy to work with, and their ability to manage our team and set expectations was outstanding.

Tamas Pataky
Head of Product at Stromcore
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Stan Sadokov
Estonia

Devox is a team of exepctional talent and responsible executives. All of the talent we outstaffed from the company were experts in their fields and delivered quality work. They also take full ownership to what they deliver to you. If you work with Devox you will get actual results and you can rest assured that the result will procude value.

Stan Sadokov
Product Lead at Multilogin
United Kingdom

The work that the team has done on our project has been nothing short of incredible – it has surpassed all expectations I had and really is something I could only have dreamt of finding. Team is hard working, dedicated, personable and passionate. I have worked with people literally all over the world both in business and as freelancer, and people from Devox Software are 1 in a million.

Mark Lamb
Technical Director at M3 Network Limited
FAQ

FAQ

  • Which businesses use inventory management systems?

    Inventory Management Systems (IMS) are widely used across various industries, each with unique requirements for managing stock and resources.

    Retail businesses, including both brick-and-mortar stores and e-commerce platforms, rely on customized inventory management systems for retail stores for accurate tracking of products and order management.

    Manufacturing companies use manufacturing inventory management systems to manage raw materials and finished goods, ensuring efficient production flow.

    The healthcare sector, including hospitals and pharmacies, uses medical inventory management systems to maintain critical stock of medicines and medical supplies.

    Additionally, warehouses and distribution centers depend on IMS for streamlined operations in shipping, receiving, and storing goods. This broad utilization highlights the versatility of IMS in optimizing inventory control and enhancing operational efficiency across diverse business environments.

  • What does an inventory management system for restaurants do?

    The restaurant inventory management system efficiently tracks and manages food and supply inventories, crucial for smooth kitchen operations. It monitors stock levels in real-time, reducing the risk of running out of essential ingredients and facilitating menu consistency.

    The system aids in controlling food costs by managing waste and optimizing stock purchasing based on demand and usage trends. It also streamlines the ordering process, ensuring timely replenishment from suppliers and maintaining a balance between overstocking and stockouts.

    Additionally, an IMS assists in complying with health and safety standards by tracking the storage and usage of perishable goods. Overall, it’s a vital tool for enhancing operational efficiency, reducing costs, and improving customer satisfaction in the restaurant industry.

  • How does a custom inventory management system differ from those of Salesforce or WooCommerce?

    The Salesforce inventory management system offers strong CRM integration and great scalability for businesses already using the Salesforce ecosystem. 

    The WooCommerce inventory management system is tailored for WordPress and WooCommerce users. It offers good customization with WordPress plugins. Consequently, it is most user-friendly for those familiar with WordPress and suits small to medium-sized e-commerce businesses.

    However, custom-made software for inventory management systems will cater to your business’s every requirement. The development team tailors the solution to your needs, taste, and business flow, and you remain in control of how exactly you want the software to look and function.

  • Can the Inventory Management System be integrated with existing fleet management software?

    Yes, our custom IMS can be seamlessly integrated with your existing fleet management software. This integration facilitates a centralized platform for managing all fleet-related activities, ensuring data consistency and eliminating the need for multiple separate systems. It enhances overall operational visibility and control, allowing for more efficient management of fleet operations and inventory.

  • How does a custom IMS help in maintaining compliance with industry regulations?

    The system tracks and manages compliance-related elements, such as vehicle inspections, emissions standards, and maintenance records. It automatically updates with the latest regulations, helping your fleet stay compliant with industry standards. The IMS also generates reports and documentation needed for regulatory audits, reducing administrative burden and ensuring you meet all legal requirements.

  • Can the Inventory Management System handle different types of inventory, such as spare parts and fuel?

    Absolutely. The Devox-made software inventory management system is designed to manage various types of inventory, including spare parts, fuel, and other essentials in fleet management. It tracks usage, forecasts needs, and manages reordering to prevent stockouts and overstocking. The system can also be customized to provide alerts when inventory levels reach critical points, ensuring uninterrupted fleet operations.

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