MarginPoint Delivers Mobile Storeroom Capabilities – First Indirect Materials Company to Deliver Indirect Materials Management on the Move

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MarginPoint Mobile Storeroom Allows Companies to Manage Inventory and Track Usage Across Multiple Mobile Stocking Locations

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MarginPoint—a leading provider of cloud-based indirect material management solutions —today announced the availability of MarginPoint Mobile Storeroom, a tablet-based mobile application that enables companies to control indirect materials out in the field. With the release of MarginPoint Mobile Storeroom, MarginPoint becomes the first indirect materials software company to deliver these unique mobile capabilities, which enable the management of inventory on-board service trucks or mobile trailers.

The MarginPoint Mobile Storeroom allows companies to effectively manage all mobile inventory via a Wi-Fi or cellular connected Android or iOS tablet device. Inventory transactions for all mobile locations can be recorded as they occur and are instantly updated in the cloud based MarginPoint application. Managers can maintain complete visibility to inventory across their entire fleet to ensure that the right material is deployed in the right location which will help prevent shortages and streamline operations.

“For many companies, much of their inventory is not contained within a static four-wall environment, but is constantly in motion on-board service trucks or mobile trailers. Maintaining visibility and control of such inventory is a significant challenge that often relies on manually-intensive and paper-based processes with limited effectiveness,” said David Kim, vice president of product management for MarginPoint. “As a result, there is a higher potential for both stock-outs and excess or obsolete inventory leading to higher costs and reduced service levels. MarginPoint Mobile Storeroom addresses these issues head-on by providing companies with unparalleled control of their indirect materials regardless of where they are stored or used.”

MarginPoint Mobile Storeroom Capabilities

As part of the MarginPoint 8.1 cloud-based solution suite, MarginPoint Mobile Storeroom extends the robust indirect material visibility and control capabilities of the existing MarginPoint 8 solution into the mobile inventory environment. MarginPoint Mobile Storeroom delivers the ability to perform all inventory transactions through a mobile device and provides real-time visibility to inventory across all mobile locations. Immediate email notifications are provided for each transaction and any inventory exceptions as they arise. Bar code scanning for all inventory management functions is supported via the tablet’s on-board camera or a paired Bluetooth scanner. In addition, the core capabilities of the MarginPoint 8 platform, including automated replenishment, advanced analytics and powerful integration capabilities, are extended to cover mobile inventory alongside existing storeroom or vending inventory. This enables customers to leverage a single platform and interface to manage all their indirect materials regardless of location.

Anand Rau, chief technology officer for MarginPoint states, “We spent several years developing what is today MarginPoint 8, our comprehensive cloud-based software solution that provides companies with unparalleled enterprise-wide visibility into their indirect materials spend, usage and inventory. MarginPoint Mobile Storeroom naturally extends these capabilities outside the physical plant, enabling companies to harness the power of our solution in mobile environments for greater inventory accuracy and utilization in the field. Any company that has equipment and service personnel out in the field will find that MarginPoint Mobile Storeroom can play a significant role in eliminating unnecessary spending, optimizing inventory and reducing their overall consumption of indirect materials.”

MarginPoint 8 Solution

MarginPoint 8 is a comprehensive indirect materials management software solution that enables industrial companies to streamline their indirect materials processes to drive down costs and improve profitability while maintaining or improving their operational service levels. MarginPoint 8 provides visibility into all phases of indirect material management from sourcing and procurement through staging, usage and disposal.

About MarginPoint

MarginPoint is a leading provider of cloud-based indirect material management solutions for the industrial market. More than 400 industrial companies currently rely on MarginPoint solutions daily to reduce their indirect material spending and streamline their indirect material management processes. MarginPoint is uniquely focused on integrating the end-to-end indirect material lifecycle to deliver the highest possible ROI for customers. MarginPoint’s SaaS delivery model enables customers to rapidly deploy the solution without any significant up-front IT investment.

MarginPoint is a privately-held company whose investors include The Argentum Group, InnoCal Venture Capital, Inverness Graham Investments and Mission Ventures. For information about the company’s products and services, or how to become a MarginPoint distributor or partner, please visit the company’s website at http://www.marginpoint.com or call 888-229-3685.

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Scott Berlin
MarginPoint
949.766.9933 2054
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