iTrakG Inventory Management
iTrakG Solution
iTrakG's Inventory Management System is the premier automated material, distribution, yard and asset management real-time telemetry System. We offer efficient integrated information systems that translate into increased productivity and reduced costs as a managed service from our secure cloud environment or a stand-alone enterprise system installed on premise.
INDUSTRY EXPERTS estimate that telemetry accounts for approximately 40 percent of most operating budgets. Real-time tracking of people and assets delivers valuable information to empower managers to react immediately, “you can’t manage what you don’t know”.
Recognizing the critical role telemetry plays in the overall scheme of business management, executives must select and implement cost-effective and efficient systems to manage their material inventory, personnel, and financial resources. To help administrators achieve maximum efficiency in materials inventory management, we deliver iTrakG. iTrakG's proven global telemetry solutions are customized for every customer yet built on one continuously updated software Oracle platform. iTrakG effectively controls resources by facilitating and streamlining the flow of supplies, assets and resources. The old adage of getting the right item to the right place at the right time and keeping track of it, has never been more important than now in such a competitive marketplace.
The complete reporting capabilities and transaction audit trails offered by iTrakG allow executives, management and staff to realize maximum benefits of reduced inventory, fewer personnel involved in handling requisitions and materials, real-time accountability and lower square footage required for materials storage. Customers employing iTrakG report that they have recovered the initial investment in the system within six months in reduced inventory and improved processes alone.
iTrakG Key Benefits
There are many key benefits to the iTrakG Inventory Management Solutions. Once implemented, it improves supply performance with overall reduction of inventory from 6-38% while enhancing economy through increased turn rates and automating repetitive tasks. It also reduces inventory levels, storage floor space requirements, and emergency supply requests while improving visibility of inventory/material management information through demand analysis reporting, exception reporting for select criteria, immediate feedback of critical conditions, and enhanced financial management indicators. Provides management reporting based on key performance indicators and supports all departments and stockrooms within the total enterprise.
iTrakG improves workflow, organization, and reporting; automates reconciliation of inventory transfers between facilities within the enterprise and generates manual and recommended purchase requisitions with update capabilities throughout the purchasing process.
iTrakG tracks shipping, markups, and fees to departments and outside customers; manages IT Assets and associates software licensing and maintenance contracts along with managing expiration and renewal dates and maintains cost of transferred material; minimizing loss.
iTrakG supports requisitions/orders from other legacy systems for single point of purchasing, receiving distribution, and reporting; tracks assets with barcodes, RFID, BLE and GPS and provides a single inventory management system for the entire enterprise.
iTrakG improves stock turnover rate, manages Parent/Child relationships of assets while providing enterprise views with multi-layer map visualization; answering the questions of who, what, when, where, why and Average Turn Around time of tagged assets. Also, manages consumables and reorder planningacross the enterprise.
iTrakG Features
iTrakG supports diverse types of warehouse, yards and stockrooms, including warehouse distribution centers and stockrooms such as central supply, supply processing and distribution, manufacturing, maintenance, laboratories, IT and engineering. Also, supports carts, including mobile (exchange), fixed (par), case carts, point-of-use, software licensing/maintenance contracts to equipment, and parent/child relationships. iTrakG uses built-in bar code label, RFID, hand-held terminal (HHT) and other mobile devices (iOS/Android) functionality to perform warehouse/stockroom and cart inventories.
iTrakG supplies built-in support for industry leading Point of Use (POU) Cart Technology; automatically processes replenishment orders based on item counts and min/max levels, preventing excessive labor and top-offs and facilitating improved stock turnover rates and supports stock and non-stock (fringe) items on carts, and in the stockroom and warehouse.
iTrakG provides integration with Carousel systems, drastically improving required time for order, group, and tote picking; allows stockrooms to define unit of purchase, unit of measure, unit of issue, and conversion factors for each stock item. iTrakG calculates appropriate reorder points and requisition objectives for each stockroom item monthly, based on historical usage levels and delivery times for stock and cart items. iTrakG also, facilitates the process of item receipts for multiple stockrooms through a central purchasing stockroom and manages consumables and purchasing.
iTrakG delivers real-time visibility of assets and people with alerts and reporting based on live events; manages parent-child relationships including IT assets, software licensing, maintenance contracts, etc. and provides item location tracking and stockage levels for items in stockrooms and on all carts.
iTrakG maintains single item number for an item, regardless of the vendor and unit of measure ordered; supports Packs/Kits/Carts and maintains information on all contained items, build sequence, method of preparation, wrapping method, and assembly charges and assigns users to role-based user groups and allows restricted access to specific menus and screens by user roles, improving security and ease of use.
iTrakG assists users by providing online documentation, context-sensitive help, lists of values, stock item summary data pop-up windows, and user-supplied "notes" which attach to stock items, orders, packs, carts, etc.; logs system activities and generates reports by stockroom identifying activity by type (issues, receipts, adjustments, transfers, and requisitions). And generates a stockroom item status report including previous balance, receipts, issues, adjustments, and ending balance.
iTrakG maintains historical transactions of issues, demands, transfers, adjustments, and receipt data and provides user identification data; provides enterprise view on all inventories within the enterprise including slow movers (inactive) and non-issuable items and adapts to integrate with any purchasing/financial system.
iTrakG is Certified 508 compliant to meet federal requirements for visually and physically impaired users and supports lot number and expiration date information.
iTrakG Major Capabilities
Maintaining Stockroom and Stockitem Transactions
Maintaining stockroom and stockitem tractions is a major capability and supports multiple stockrooms and maintains information about each stockroom. ITrakG uses this information to organize inventory requisitioning and processing. The stockroom information includes: stockroom identification and delivery location data; stockroom safety level days; operating level days and average order ship time; identification/support of Energy Star and Green Items; allowable stockitem security codes; days of the week when stockroom normally replenished and real-time movement in stockrooms with RFID.
iTrakG maintains stockitem information by stockroom used to control inventory levels and to trigger requisitions. Stockitem information includes the following: UPN and/or location-specific unique stockitem number and name; stockitem security code; unit of purchase, unit of measure, unit of issue and UI/UM conversion factors; location (s) of the stockitem within stockroom; computer generated random storage locations; unit of issue price; quantity on hand (system maintained); reorder and requisition objective points for the stockitem; stockitem due-in and due-out quantities (system calculated based on user orders and stockroom requisitions); vendor or supplier of item and average order ship time; adjustable item flags and expiration date/lot item flags; software, hardware and maintenance management and association with items; real-time tracking and accountability and RFID and GPS Integration.
iTrakG also provides Monthly Demand Analysis for each stockroom and cart item; maintains non-issuable items with management, tracking and reporting functionality and supports shipping charges and average moving price for stockroom items.
Maintaining Pack and Pack Item Transactions
Another major iTrakG capability is providing the capability to identify and maintain information on each fixed shelf (par), exchange, and pack which carries and supplies stock-items. iTrak also maintains licensing and maintenance contracts associated with items in packs along with other customizable attributes within iTrak or when passed through a standard API interface. iTrakG maintains information on the stock items.
iTrakG uses cart/pack information to direct cart inventory and replenishment processing. Cart/pack specific information includes: pack identification data; pack ownership identification data; pack type (fixed pack, mobile cart, consumable pack, case cart, IT rack and parent/child relationships); pack replenishment day (s) and frequency and allowable stockitem security codes.