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Inventory Management Dashboard

BigBasket knows exactly what's in every warehouse, every minute. No surprises at month-end. That's real-time inventory—not yesterday's Excel.

Solution Overview

BigBasket knows exactly what's in every warehouse, every minute. No surprises at month-end. That's real-time inventory—not yesterday's Excel. This solution is part of our Inventory domain and can be deployed in 2-4 weeks using our proven tech stack.

Industries

This solution is particularly suited for:

Manufacturing E-commerce Logistics

The Need

Inventory management is the backbone of operations across manufacturing, e-commerce, and logistics, yet most organizations operate with fragmented visibility that creates cascading inefficiencies. A manufacturing plant with three distribution warehouses cannot answer a simple question: "How many units of SKU-12345 do we have across all locations right now?" Warehouse managers maintain unofficial spreadsheets because the ERP system updates inventory only at batch intervals (daily or weekly), making real-time decisions impossible. When a customer orders 500 units of a component, fulfillment teams must manually check each warehouse location, phone calls are made, spreadsheets are emailed, and decisions are delayed by hours—all because inventory visibility is fragmented. E-commerce companies lose sales when items are incorrectly shown as out-of-stock due to warehouse counting discrepancies, yet the actual inventory exists in other locations. Logistics providers cannot optimize routing and consolidation without understanding real-time inventory positions across their network.

The root problem is that inventory is tracked at the SKU level, but operations are managed at the location level. A company may know they have 5,000 units of a part globally, but they don't know that 4,200 units are stuck in a warehouse facing capacity constraints, 300 units are in a location with a 2-week shipping delay to customers, and only 500 units are in a warehouse with fast-access locations. Cycle count discrepancies accumulate because counts are performed manually once per year or quarter, but inventory movements happen every day. A missing carton discovered during an annual count represents inventory loss that occurred months earlier, making root cause investigation impossible. Products move through the supply chain, but the system doesn't distinguish between inventory available for immediate shipment and inventory that's committed to specific orders, on hold for quality review, or damaged.

Financial consequences are staggering. Working capital is misallocated because cash is tied up in inventory that the organization cannot quickly access or utilize. Safety stock calculations are inflated because inventory planners cannot trust available-to-promise numbers, forcing them to order excess inventory to protect against stockouts. When shortages occur, companies pay premium prices for expedited shipments or emergency procurement, losing profit margins to compensate for poor inventory visibility. Inventory write-offs occur when products in one location become obsolete while the same products sit in other locations being sold normally. Carrying costs (warehouse space, insurance, handling, shrinkage) run 25-35% of inventory value annually, but without clear visibility into where inventory sits, it's impossible to optimize storage locations or identify opportunities to reduce inventory levels. Organizations typically carry 20-30% excess inventory simply because they cannot trust their inventory systems to track actual availability.

The Idea

An Inventory Management Dashboard transforms fragmented, location-specific inventory data into a unified source of truth that provides real-time visibility across the entire inventory network. The system captures every inventory movement—receiving, picking, transfers, adjustments, cycle counts—in real-time from every warehouse location and records it with timestamp, location, operator, quantity, and reason. This creates a complete audit trail of inventory activity while enabling live inventory position reporting.

The dashboard displays current inventory position for every SKU at every location with drill-down capability. A manager can view global inventory position: "SKU-12345: 5,847 units total across 8 locations" with a breakdown showing quantity at each location, quantity in transit between locations, quantity on hold for quality review, and quantity committed to pending orders. Color-coding highlights bottlenecks: locations approaching capacity, locations with slow-moving inventory, locations with inventory ages exceeding thresholds. This enables real-time decisions like "Ship the customer order from Warehouse-B instead of Warehouse-A because Warehouse-A is at 94% capacity."

Multi-warehouse cycle counting transforms annual counts into continuous verification. Rather than counting entire warehouses once yearly, the system creates daily cycle count lists for each location focused on discrepancy-prone items: high-value materials, items with frequent receiving/picking errors, items where system quantity doesn't match recent transaction counts. Warehouse staff scan items and quantities on their mobile devices, and the system immediately flags discrepancies: "System shows 150 units. Physical count shows 147. Discrepancy: 3 units." This enables immediate investigation while the responsible operator may still be on shift, making root cause identification possible rather than discovering mysterious shortages months later.

Reorder alerts operate at the location level rather than the global level. The system calculates safety stock and reorder points for each warehouse based on local demand patterns, shipping lead times from suppliers to that specific location, and location capacity constraints. When a location approaches reorder point, the system alerts the procurement team with context: "Warehouse-B inventory of SKU-456 is approaching reorder point (current: 127 units, reorder point: 100 units). Supplier lead time is 14 days. Recommend order of 500 units today to arrive on schedule." This prevents stockouts while avoiding excess inventory accumulation.

Movement history provides complete traceability of every SKU at every location. When inventory is counted as missing, the system can generate a movement history: "SKU-789 last received from Supplier-X on 2024-11-10 (100 units). 87 units picked to Production Order PO-2024-0456 on 2024-11-12. 13 units remain. Last physical count: 2024-11-19 (actual 13 units, system 13 units, no discrepancy). No movements since." If a discrepancy appears later, the system can trace it to the specific transaction, operator, and time, enabling investigation of the root cause.

Shortage and excess identification works across the entire network. The system identifies items where inventory is unevenly distributed: "SKU-345 has 2,000 units in Warehouse-A but only 50 units in Warehouse-B, while customer demand is 70% served from Warehouse-B. Recommend rebalancing." It identifies slow-moving inventory at specific locations: "Warehouse-C has 500 units of SKU-999 that haven't been picked in 240 days, while demand is forecast at 10 units/month. Storage cost: $45/month. Recommend return-to-vendor or donation." It identifies items where the organization is carrying excess safety stock: "SKU-111 has 6 months of safety stock at Warehouse-A but actual demand variability is 12%, requiring only 1 month of safety stock. Opportunity to reduce inventory by 5,000 units and free up $150k in working capital."

Inventory analytics dashboards provide insights that drive operational decisions. Days inventory outstanding (DIO) dashboards show which locations are converting inventory to sales efficiently and which are accumulating stagnant stock. Inventory turnover by product line reveals which categories generate cash quickly and which tie up working capital. Inventory accuracy metrics show which locations have the most reliable counts and which require process improvements or additional training. Aging reports identify inventory approaching expiration dates or obsolescence thresholds. All analytics are available to supply chain managers, procurement teams, plant managers, and finance teams through role-based access control.

How It Works

flowchart TD A[Inventory Events] --> B[Receiving from
Suppliers] A --> C[Picking for
Orders] A --> D[Inter-Warehouse
Transfers] A --> E[Cycle Counts] A --> F[Adjustments] B --> G[Record Transaction
with Location
Timestamp Operator] C --> G D --> G E --> G F --> G G --> H[Update Real-Time
Inventory Position] H --> I{Trigger Alerts} I -->|Reorder Point| J[Generate
Purchase Order] I -->|Capacity Limit| K[Alert Warehouse
Manager] I -->|Discrepancy| L[Flag for
Investigation] I -->|Excess Stock| M[Recommend
Rebalancing] J --> N[Send to
Supplier] K --> O[Reallocate to
Other Location] L --> P[Cycle Count
Priority] M --> Q[Transfer Between
Warehouses] H --> R[Real-Time Dashboard:
Global Inventory Position] R --> S[Multi-Warehouse
View] R --> T[SKU-Location
Matrix] R --> U[Inventory
Analytics] R --> V[Shortage/Excess
Analysis] S --> W[Display Quantity
by Location] T --> X[Show Quality Holds
and Committed Qty] U --> Y[Days Inventory
Turnover Analysis] V --> Z[Rebalancing
Recommendations]

Real-time inventory management system with multi-warehouse visibility, cycle counting, location-aware reorder alerts, and shortage/excess identification enabling optimized inventory distribution and reduced working capital requirements.

The Technology

All solutions run on the IoTReady Operations Traceability Platform (OTP), designed to handle millions of data points per day with sub-second querying. The platform combines an integrated OLTP + OLAP database architecture for real-time transaction processing and powerful analytics.

Deployment options include on-premise installation, deployment on your cloud (AWS, Azure, GCP), or fully managed IoTReady-hosted solutions. All deployment models include identical enterprise features.

OTP includes built-in backup and restore, AI-powered assistance for data analysis and anomaly detection, integrated business intelligence dashboards, and spreadsheet-style data exploration. Role-based access control ensures appropriate information visibility across your organization.

Frequently Asked Questions

How can I get real-time inventory visibility across multiple warehouse locations?
Real-time inventory management systems capture every inventory movement—receiving, picking, transfers, and adjustments—instantly from every warehouse location with timestamp and operator details. Instead of batch updates that happen daily or weekly, you see current quantity on hand, quantity in transit, quantity on hold, and available inventory for each SKU at each location immediately. This unified inventory view across all warehouses enables you to answer questions like 'How many units of SKU-12345 do we have across all 8 locations right now?' in seconds, allowing real-time fulfillment decisions like routing orders to the warehouse with available capacity rather than overloading a single location.
What are the main causes of inventory discrepancies and how can I reduce them?
Inventory discrepancies typically occur because physical counts happen infrequently (annually or quarterly) while inventory movements happen every day. When a missing carton is discovered during an annual count, the loss occurred months earlier, making root cause investigation impossible. Continuous cycle counting systems solve this by creating daily count lists focused on discrepancy-prone items: high-value materials, items with frequent picking errors, and items where system quantity doesn't match transaction counts. Warehouse staff scan items and quantities on mobile devices, and the system immediately flags discrepancies while the responsible operator may still be on shift, enabling immediate investigation and resolution. Complete transaction history tracking (receiving from supplier, picking to order, operator ID, exact time) also enables traceability when discrepancies do occur.
How much working capital can we free up by optimizing inventory levels?
Organizations typically carry 20-30% excess inventory because they cannot trust their inventory visibility to provide accurate available-to-promise numbers. This excess inventory ties up working capital that could be used for operations or growth. Excess inventory also generates carrying costs of 25-35% of inventory value annually—including warehouse space, insurance, handling, and shrinkage. A comprehensive inventory optimization system identifies opportunities across multiple dimensions: SKUs where safety stock significantly exceeds required levels based on actual demand variability, locations carrying inventory while other locations face stockouts, and slow-moving inventory in high-cost storage locations that should be transferred or returned to vendors. By analyzing historical demand patterns and inventory positions across your network, most organizations can reduce total inventory by 15-25% while actually improving service levels, freeing up $100k-$500k+ in working capital depending on inventory value.
Can an inventory management system prevent stockouts and reduce emergency procurement costs?
Yes. Traditional inventory management operates at the global level—you might know you have 5,000 units total, but not that 4,200 units are stuck in a warehouse at 94% capacity with a 2-week shipping delay. Location-aware reorder systems calculate safety stock and reorder points specifically for each warehouse based on local demand patterns, supplier lead times to that location, and location capacity constraints. When inventory approaches the reorder point, the system alerts procurement teams with complete context: 'Warehouse-B is approaching reorder point for SKU-456. Current: 127 units. Reorder point: 100 units. Supplier lead time: 14 days. Recommend order of 500 units today.' This prevents the scramble to find available inventory at other locations and eliminates expensive emergency shipments. By preventing stockouts proactively, you maintain margins and customer satisfaction without holding excess safety stock.
How does continuous cycle counting work compared to traditional annual counts?
Traditional annual or quarterly counts involve closing warehouses, counting entire inventories manually, and reconciling discrepancies weeks later. Continuous cycle counting works differently: every day, the system generates a short, targeted count list for each location focused on items most likely to have discrepancies. Instead of counting 10,000 SKUs once yearly, your staff might count 20-50 high-risk SKUs daily. Warehouse staff use mobile devices to scan items and enter physical counts. The system immediately compares physical count against system quantity and flags discrepancies in real-time: 'Discrepancy found: System 150, Count 147, Variance 3 units (2%). Investigation recommended.' Staff can capture photos, note reasons (damage, shrinkage, scan error), and assign tasks to supervisors. All data syncs immediately with your backend for real-time inventory accuracy. This approach distributes counting work across the year, fixes discrepancies while they're fresh, and maintains inventory accuracy continuously rather than discovering problems months later.
How can I identify and rebalance inventory across multiple warehouses?
Uneven inventory distribution is a common problem in multi-warehouse operations: you might have 2,000 units of a SKU in Warehouse A but only 50 units in Warehouse B, while 70% of customer demand comes from Warehouse B's region. Smart inventory systems analyze demand patterns by location alongside current inventory positions to identify rebalancing opportunities: 'SKU-345 has 2,000 units in Warehouse-A but only 50 units in Warehouse-B. Demand is 70% served from Warehouse-B. Recommend rebalancing 800 units.' The system also identifies slow-moving inventory: 'Warehouse-C has 500 units of SKU-999 that haven't been picked in 240 days while monthly demand is only 10 units. Monthly storage cost: $45. Recommend transfer to faster-moving location or return-to-vendor.' These recommendations are ranked by financial impact, helping you make data-driven decisions that improve service levels while reducing storage costs and freeing up warehouse space.

Deployment Model

Rapid Implementation

2-4 week implementation with our proven tech stack. Get up and running quickly with minimal disruption.

Your Infrastructure

Deploy on your servers with Docker containers. You own all your data with perpetual license - no vendor lock-in.

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