Tracking Inventory

Streamline Operations with WeighPay: Advanced Inventory and Freight Management

At WeighPay, we offer robust solutions designed to enhance your inventory management and streamline freight operations. Whether you're regrading inventory or managing freight costs, our platform provides the tools you need for efficient and accurate operations.

Inventory Management Features

1. Weighted Average Cost (WAC) Calculation:

   • Utilize our weighted average inventory management system to calculate the cost of inventory items accurately. This method factors in both the cost and quantity of items purchased or produced, ensuring stable pricing despite fluctuations in purchase costs.

2. Regrading and Reclassification:

   • Adjust inventory levels seamlessly using our Buy/Sell Ticket integration. This feature allows you to regrade or reclassify inventory items, leveraging average costs to maintain precise valuation.
   • Options include Pile to Pile and Many to Many regrading configurations, providing flexibility to meet your specific operational needs.

3. Internal Audit Tools:

   • Ensure compliance and accuracy with integrated scales and cameras for internal audits. These tools enhance transparency and accountability in inventory management practices.
   • Comprehensive audit trails track all inventory transactions, including regrades and reclassifications, facilitating easy access to transaction histories for regulatory compliance.
     
     

Freight Management Capabilities

1. Freight Factorization:

   • Separate and store freight costs distinctly from supplier costs. This feature provides clear visibility into transportation expenses, allowing for precise cost allocation and financial reporting.
   • Chargebacks and Company Freight are managed separately, with average prices displayed before and after factoring in freight costs.

2. Operational Efficiency:

   • Our platform supports efficient handling of inbound and outbound freight, ensuring timely and cost-effective logistics operations.
   • Integration with accounting systems allows for seamless management of freight expenses and revenue, enhancing overall financial control and decision-making.
     
     

Conclusion

WeighPay's integrated approach to inventory and freight management empowers businesses to optimize operations, reduce costs, and improve accuracy. Whether you're a small operation or a large enterprise with complex logistics needs, our solutions are designed to meet your unique requirements. Experience the efficiency and reliability of WeighPay today to streamline your inventory processes and enhance your bottom line.

Contact us now to schedule a personalized demo and discover how WeighPay can transform your business operations.

This article showcases how WeighPay integrates advanced inventory and freight management features to meet the diverse needs of businesses, ensuring efficiency, accuracy, and compliance in operations.