IBS installs its Intelligent Inventory Management System – SHADOW

IBS installs its Intelligent Inventory Management System – SHADOW – for The Concern India Foundation

Powerful and secure software enables SMEs to efficiently manage inventory

Mumbai, 14 June, 2007: Intelligent Business Systems (IBS), the Artificial Intelligence (AI) based Business Competitiveness Solutions firm, today announced the successful installation of “SHADOW”- the Intelligent Inventory Management System for The Concern India Foundation. This Intelligent Inventory Management System provides small and medium enterprises an efficient and secure way to manage their inventory. It is especially targeted at distributors, dealers, wholesalers, retailers, warehouse owners, traders and small scale manufacturers. SHADOW would also work well in shopping malls, large department stores, or even small shops keen to professionalise inventory handling.

SHADOW from Intelligent Business Systems (IBS) enables a high level of decision automation, which ensures that inventory control is optimised for a positive impact on the bottom line. This Inventory Management System, offers everything you need to manage your inventory efficiently and cost-effectively with assistance in the advance forecasting of sales, thus enabling effective inventory decisions on the basis of the probable lead time in obtaining items, and careful monitoring of dispatches in order to meet delivery deadlines—parameters that would be impossible to track manually with any reasonable degree of success.

SHADOW has been designed using modern, state-of-the-art approaches to inventory management, including just-in-time stocking principles backed by sophisticated analytics. Detailed descriptions of all items in inventory can be input, with multiple levels of categorisation. This software seamlessly manages the entire inventory cycle, from ordering and receipt of stock, through quality checks and storage, to queries on individual items, to packaging and dispatch, etc. A wide range of essential documents and reports can be generated whenever required, including purchase orders, invoices, product details, supplier details, stock summary and many more. Ancillary reports such as outward gate passes, packaging slips, courier slips and so on can also be produced on demand.

A unique feature of SHADOW is that date and time stamps are automatically affixed to every transaction, allowing for special analysis that can further streamline inventory control as well as serve as input for other systems, in order to determine load factors, cash flow constraints, personnel requirements, and so on. Special features such as customised inventory types, assembly line options, PDF format reports, end-to-end product tracking, and barcode reader interaction make SHADOW the most sophisticated inventory management system in its category. All the routine requirements of standard inventory management have been incorporated into SHADOW, and in addition it has several intelligent features for optimisation of inventory control.

“Using SHADOW one can make decisions for tweaking the supply chain as it provides all the statistical analysis one needs to optimise inventory management” said Dr Kaustubh Chokshi, CEO of Intelligent Business Systems. “SHADOW offers true business intelligence functionality, enabling users to create a real-time, onscreen “dashboard” display of the most important inventory-related parameters they wish to track or be alerted about.”

He added, “There are robust security features and usage logging in SHADOW to ensure that the safety and integrity of the data is maintained at all times. The automated backup ensures that recovery of data is simple and painless in the event of unexpected breakdowns or malfunctions.”

SHADOW is designed for small and medium enterprises with a turnover of up to Rs 100 crore and can be configured for multiple locations. SHADOW is completely scalable and can be upgraded for higher usage levels if required. Ease of use and complete flexibility have been among the key considerations in the design of SHADOW.

About Intelligent Business Systems (www.intelligentsystems.biz)

Intelligent Business Systems Pvt. Ltd. (IBS) is a futuristic and ultramodern company, providing innovative AI Enterprise Solutions and analytic applications for business, incorporating cutting-edge Artificial Intelligence (AI) technologies. Incorporated in the United Kingdom and recently expanded into India, the core competence of IBS lies in Artificial Intelligence, with a sharp focus in applying the latest AI models to intelligent business solutions customized to specific client needs.