Inventory management

Inventory management in a warehouse is key to ensuring stock accuracy, efficient order fulfillment, and cost control. By tracking and organizing inventory levels, locations, and movements, businesses can prevent stockouts and overstock situations. Effective inventory management boosts productivity, minimizes waste, and supports smooth operations across the entire supply chain.

2x

Faster picking routes

39%

Less waste of eroding stock

28%

Enhaced Cost Control

FIFO and FEFO

We can also handle complex combinations of conditions for your products. With our smart attributing, you can manage items with expiration dates. Normally, we use the FIFO (First In First Out) principle, but if you have sensitive items that can erode or loose value over time, we can override with the FEFO (First Expire First Out) principle, so these items are shipped out first.

Warehouse Designer - Visualize Your Picking Routes

In our smart visualization tool, you can easily and clearly design or redesign your warehouse shelf setup and from there determine the rules or placement of items to give the most optimal picking route or picking sequence.

Barcode Generator

You can quickly and easily create barcodes for your locations or totes with the barcode generator in Selveo. It saves you time and headaches, and you always have uniform barcodes if you need to expand the warehouse or restructure.

Normal Inventory Counting - Status

You can quickly and easily count your inventory in Selveo. Whether it's systematically from location to location or specific areas or shelves, this can be easily selected. Once you have counted a location or an item, the existing quantity is confirmed, or the new one is indicated. You can also specify a reason or a reason code for the count, so these can be investigated later.

LOT and Batch Management

If you need to see which batch or LOT your items belong to, this can be added to your items. This is done via our smart attributing and can be added to all items or specific groups. This can also be combined with the FIFO or FEFO principle.

Multiple Warehouses

In Selveo, you have unlimited options to have multiple warehouses at different locations, e.g., in a store, in another city, another area, or another country. You can quickly and easily get started if you, for example, operate several different warehouses from the same location, which should not have the same cost center or should be separated in some other way.

ABC Analysis

Instead of spending a lot of time moving items around the warehouse each quarter according to the ABC analysis, we do it continuously, where you constantly receive recommendations on where it is smartest to place your items based on popularity or expected seasonal sales. You have the final say on where you place them physically in your warehouse, as it is just a recommendation, and you always know what is smartest and best practice in your warehouse.

Rolling Inventory Counts

At times, it may make sense to continuously count your inventory. With the rolling inventory count function, you can set parameters for when your items should be counted. This way, you avoid having to count your inventory at the end of the year for the "annual inventory" and save many resources, wages, and downtime. This can also be combined with spot counting, which you can read more about here.

Spot Counting

This function can be combined with rolling inventory counts. Here you can ask the operator to confirm the quantity at a location being picked from if an item quantity falls below, for example, 5, 3, or 0. With a quick confirmation, the location is counted and can be used for rolling inventory counts, which you can read more about right here.

Get a Demo right here