OptInv: Software as a service solution for inventory optimization

Abstract

The presented OptInv software system provides support for inventory and sales optimization. Generally, small and medium enterprises cannot afford expensive Enterprise Resource Planning (ERP) systems, with effective supply management modules. Supplies are often managed based only on former experience. Inconvenient situations can occur when an order cannot be accomplished because the needed product is missing, or when the money invested in some products becomes a waste. Using the right methods and tools, these problems can be eliminated. The aim of the OptInv project is to provide a Software as a Service (SaaS) solution for this kind of problems. OptInv imports data from accounting software systems and provides statistics about products, providers and sales. Products can be categorized, the value of the stock can be estimated, the consumption can be predicted and in this way the inventory can be optimized.