Matrix inventory management provides businesses the ability to offer customers more choices without creating an inventory management bottleneck. Used in many different industries where color, size, style or pattern variations occur – apparel, jewelry, footwear, paint manufacturing, flooring, sporting goods – matrix inventory management simplified complex inventory control and tracking capabilities.
When you need a matrix inventory software solution
When does matrix inventory software make life much easier? When one t-shirt is really 68.
It begins with a simple t-shirt. One product – a red t-shirt.
But, you need it 4 sizes – small, medium, large, and XL.
Then, there’s all those colors – 17 in fact. Let’s face it, not everyone wants red.
Suddenly, one t-shirt, in four sizes, and 17 colors becomes 68.
Is that one product or 68?
Matrix inventory defined
Matrix inventory simplifies defining, creating, and tracking of matrix inventory groups through the use of attributes such as color, size, style or pattern variations.
That is one t-shirt. The colors and sizes are simply attributes.
Inventory software with matrix inventory capabilities enables matrix inventory groups, simplifying inventory management for apparel, footwear, jewelry, sporting goods, and other industry distributors and retailers.
Acctivate matrix inventory software user, Jewish Educational Toys
Benefits of matrix inventory software solutions
By simplifying matrix inventory groups with Acctivate’s matrix inventory software, you can discover the benefits:
- Reduce inventory data entry and management labor expense
- Standardize product descriptions
- Increase accuracy
- Streamline sales order management
- Gain visibility
Acctivate matrix inventory software features and functionality
- Single dimension matrix from style to variant where the variant can be color, size or any other variant of the product needed to be supported.
- Every variation in the matrix is assumed to have the same price
- Each variation will have its own cost
- Variations are managed as separate SKUs
- Sales history is maintained at the matrix level
- Inventory movement is maintained at the component level