IBS Announces Inventory Management System

Intelligent Business Systems (IBS), the Artificial Intelligence (AI) based business competitiveness solutions firm, has launched Shadow, an Intelligent Inventory Management System, to enable small and medium enterprises efficiently manage their inventory.

Shadow enables decision automation and assists in the advance forecasting of sales, enabling inventory decisions on the basis of the probable lead time in obtaining items, and careful monitoring of dispatches in order to meet delivery deadlines.

All the routine requirements of standard inventory management have been incorporated into Shadow, in addition to several other features for optimisation of inventory control. Shadow automatically affixes date and time stamps to every transaction, thus allowing special analysis to streamline inventory control.

“Shadow offers 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,” explained Dr Kaustubh Chokshi, CEO, Intelligent Business Systems.

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market

“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,“added Chokshi.