Inventory management is for a company that produces goods to prevent overstock or excess inventory while ensuring they have sufficient supplies of goods or materials to increase production. It is a collection of all the procedures used to monitor and arrange the materials or items in the company. But, FuiyohHub is slightly different because it is an agent company for courier services. So, it has its own way of managing its inventory.
For FuiyohHub, before the customer makes the payment, they must decide which courier to choose and deliver their items by their preferences such as JnT, Ninja Van, Pos Laju, CityLink, and many more other couriers that are available. After the payment process is made, FuiyohHub's employees will be responsible for storing their items carefully. Customer goods will be held in an orderly manner according to the chosen courier service so that there is no mixing and exchange of customer goods due to no systematic storage of goods.
The place where the goods are stored is only inside the hub as well, thus making it easier for employees to manage the goods. Besides, FuiyohHub also provides closed-circuit television (CCTV) around their hub so that they can check the CCTV if anything happens and also avoid theft. Due to the systematic and careful storage of goods, FuiyohHub does not experience any problems when managing inventory such as broken items. This is because the items or goods sent by the customer will be carefully wrapped and packed in front of the customer before being stored.
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