ReMatter Launches Inventory Pro: Revolutionizing Inventory Management for Recyclers

ReMatter Launches Inventory Pro: Revolutionizing Inventory Management for Recyclers

Los Angeles, CA - July, 25, 2024 - ReMatter, a leading provider of software solutions for the recycling industry, today announced the launch of Inventory Pro, an innovative inventory management module designed to transform how recyclers track and manage their materials.

Real-Time Tracking Meets Advanced Analytics

Inventory Pro offers recyclers unprecedented visibility into their inventory, combining real-time tracking with advanced features such as weighted average cost calculation and material on-hand/in-transit monitoring. This comprehensive solution addresses critical pain points in the industry, including lack of visibility and inventory inaccuracies, that have previously only been solved with time-consuming analytics offline.

"Inventory Pro was built off the feedback and use cases of our customers," said Wyatt Pontius, CEO of ReMatter. "By providing real-time, accurate inventory data, we're empowering our clients to make faster, more informed decisions that directly impact their bottom line."

Key Features of Inventory Pro:

1. Real-Time Inventory Tracking: Automate accurate inventory with real-time updates as you make purchases, sales, and adjustments.
2. Event Ledger: Operate with confidence on top of a clear and easily viewable audit trail for all inventory movements in the system.
3. Weighted Average Cost Tracking: Optimize pricing strategies using true, real-time material costs.
4. On-Hand and In-Transit Visibility: View and manage inventory for both ‘work in progress’ and ‘finished goods’ categories across inbound, on-hand, available to ship, outgoing, and in-transit statuses.
5. Detailed Views Across Yards: Drill into material and material grade level details across yards to inform more effective business decisions.

Driving Efficiency and Profitability

Inventory Pro is designed to strengthen recyclers' operations in several key areas:

• Increase Efficiency: Eliminate manual record-keeping and estimations.
• Improve Transparency: Offer accurate, real-time records that support compliance needs.
• Enhance Operational Control: Automate repetitive tasks and empower data-driven decision-making.

"Our goal with Inventory Pro is to give recyclers the tools they need to manage cash flow effectively, meet end-of-month goals, and gain a clear understanding of their balance sheet," added Caiseen Kelley, Founding Product Manager at ReMatter.

Availability and Future Developments

Inventory Pro is now available as part of the ReMatter Console. The company has also announced plans for future enhancements, including physical inventory adjustments, inventory periods, and automated processing rules.