Modernize Your Business with Inventory Management Services

If you’re still relying on spreadsheets or systems designed for a different decade, it’s likely you’re losing money and wasting time. Inventory management services provide a way to monitor, adapt, and respond to supply and demand conditions using tools that update automatically and scale with your needs!

How Inventory Decisions Affect Everything Else

Inventory is often treated like a line item, but it actually drives most business outcomes. Too many teams still manage it based on guesswork, which leads to missed opportunities.

A study by McKinsey shows that using smarter systems helps distributors reduce inventory by 20 to 30%, lower logistics costs by 5 to 20%, and cut procurement spending by 5 to 15%.

Common issues include:

• Unavailable stock = lost sales and customer churn
• Overstock = ties up working capital and inflates storage costs
• Out-of-sync warehouses = slowed down shipping
• Limited data = harder to plan or adjust in real time

What Are Inventory Management Services?

Inventory management services include software, data platforms, and operational support that allow companies to control stock flow with more accuracy. These systems can be installed on-premises, accessed via the cloud, or outsourced to managed service providers.

Capabilities include:

• You can track in real time – Barcode, RFID, and IoT sensors track inventory location and status
• You can predict demand more accurately – Machine learning models process sales and seasonal data to reduce guesswork
• You can automate restocking – Rule-based systems replenish inventory based on sales trends, not manual checks
• You can see stock across all locations – Centralized dashboards display stock status across warehouses, stores, and distribution centers

The Payoff of Getting Inventory Right

By implementing updated inventory systems, businesses often see measurable gains within the first year:

• Higher accuracy: Shrinkage can drop with automation and digital auditing tools
• Faster fulfillment: Pick, pack, and ship times improve with integrated workflows
• Lower costs: Companies often reduce inventory carrying costs
• Stronger insights: Managers can assess turnover rates, safety stock, and vendor performance with clarity
• Fewer manual errors: Barcode scanning and mobile apps reduce paper-based mistakes

Want to learn more about how inventory fits into the bigger supply chain picture? Download DXP’s whitepaper, The Ultimate Guide to Supply Chain Visibility, and get practical insights to help you act faster and plan smarter.

How Teams Are Using These Tools Right Now

Examples of how modern inventory services apply:

How does this work in construction? Construction teams deal with a wide range of tools, parts, and materials across job sites. Inventory systems help track usage, reduce delays from missing items, and keep projects on schedule by making sure materials are where they need to be.

What about manufacturing? Manufacturers rely on timely access to materials. Inventory tools help them track components and raw goods so they can keep production moving and reduce the chance of delays.

Can it support e-commerce operations? Yes. Inventory systems connect directly with third-party logistics providers and marketplaces. That way, stock updates automatically across all platforms, and orders ship on time.

How to Begin Updating Your Inventory Process

Starting fresh doesn’t mean scrapping everything. Here’s how businesses typically begin:

1. Map current systems – Identify manual processes, outdated software, and siloed data
2. Define measurable outcomes – Set objectives like reducing inventory by 20% or improving delivery accuracy by 15%
3. Select the right structure – Evaluate subscription software, integrations, or full-service inventory providers
4. Identify must-have features – Look for inventory alerts, mobile compatibility, and integrations with your POS or ERP

DXP’s Approach to Inventory Management

Believe it or not, getting this right doesn’t require a big team or a large budget. It starts by solving the right problem with the right tools!

That’s why DXP offers flexible supply chain services designed around your goals…not someone else’s. We work with teams at different stages of readiness. We’ve worked with all kinds of teams, from those just getting started to those managing hundreds of locations.

Our six proprietary offerings are designed to meet common challenges:

• Warranty and Repair – Track repairs and parts with less hassle
• Maintenance Systems – Keep equipment and supplies ready to go
• Storeroom Management – Make your space easier to use and control
• Industrial Vending – Give workers access to supplies while tracking use
• Vendor Inventory – Let suppliers keep your stock filled and updated
• Remote Storerooms – Manage multiple storage sites from one system

Will it connect with the tools I already use? DXP’s solutions play well with other systems like ERPs, e-commerce tools, or finance software. If you’re unsure, we’ll walk you through what fits and what might need adjusting.

What if I don’t have a dedicated inventory person? That’s more common than you think. The right tools are made to work with your team, not add extra stress. And we’re here to help with setup and support.

Ready to Rethink Inventory Management? DXP Can Help

If you’re working with outdated systems, you probably feel it in late shipments, rising costs, or orders that don’t quite line up with reality.

DXP’s inventory management services help you fix those gaps! You get better data and faster decisions, meaning fewer problems passed down the line.

Thinking about making a change? DXP can walk you through it! Contact our supply chain services team today.