Purchasing and inventory management by Oxalys
Manage lead times, move to digital inventory management, optimise flow of stocked items
Integrate inventory into the purchasing cycle
With an efficient restocking process, you get a comprehensive overview of your inventory status and easy access to your merchandise.
- built-in restocking reminder
- optimise your replenishment criteria (Wilson Formula, for example)
- analyse sleeping and dead stock
- real-time display of total consumption
- location management
Choose your inventory management model
Get the information you need for proper purchasing and inventory management, and reduce unnecessary expenses arising from managing inventory based on estimates.
- manage physical sites
- manage items batches by expiry date
- batch traceability
- internal procurement time, possession rate, order cost
- rolling and permanent inventory according to several criteria
They place their trust in Oxalys
”By broadening access to financial data with full transparency through digital solutions, we have removed the barriers to intra- and inter-departmental communication. This project has helped improving internal communication and understanding of how the FFF works, but also communication with suppliers.Christophe MoreauxHead of the Management Control Department - French Football Federation
Purchase to pay
Client Testimonial – French Football Federation
The FFF relies on the modernisation of its committed spend management to develop intra- and inter-departmental cooperation.
FAQ Purchasing and inventory management
A purchasing and inventory management software helps you to :
- manage bar codes
- work together with different stakeholders
- streamline purchasing management
- optimise and facilitate inventory management
- optimise flows
- get the best prices
The Wilson Formula is used to estimate a company’s restocking needs. It calculates optimal order levels while trying to minimize procurement and storage costs. This formula adapted for mass purchasing is not suitable for just-in-time production. The Wilson formula is built into some purchasing and inventory management programmes, including our P2P solution.
In inventory management FIFO, or first in first out, is a system that indexes products by expiry and/or arrival dates. In this mode, you can avoid throwing away perishable products as well as the wear that some parts experience when stored for a long time. In FIFO, when you receive a new order from your supplier, you store the new merchandise at the back of the shelving and bring older products forward.