Travel Inventory Management
Travel
Inventory Management
Travel Inventory
management is by far one of the most labour-intensive part of travel
company operations. Time-consuming and fragmented across various suppliers and
travel services, it is less efficient and transparent when done manually.
One Inventory is a modular
platform that gives you flexibility to integrate the components you need with
your existing systems. You can make a solution that best meets your
requirements and streamlines your end-to-end business operations.
TripFro, create
and deliver the personalized Travel
Reservation Software for travel agent which give adaptable reservation and
inventory management for flights, hotels, cars in real time.
TripFro Inventory
Management software simplifies everything about travel inventory and allows it
under your complete control via automation. By using our Inventory Management
software, Create and publish your detailed product descriptions in several
languages, enrich them with high-quality pictures add services and
location-specific information.
Travel Inventory Management Systems Used by
Travel Agencies:
The travel inventory
systems used by travel agencies are different and unique from other sorts
of companies like wholesale or retailers. If you own a travel agency you want to
connect your agency with a wide range of global travel inventories.
The travel inventory management
system refers to the process by which you can track the number of products or
services you have available for sale. Suitable travel inventory management
systems allow you to decrease the chances of getting stock out or overstocked.
Our Travel
inventory management software for travel businesses allows quickly places
their contracts and affordable prices for hotels, transfers, tours, flights,
and activities in an organized manner. Our travel inventory management software
comes with benefits for the travel business and keeps track of your available
offers at all times.
Have a quick time
managing allotments and schedules due to the best visibility. By using TripFro
Travel Inventory Management Software, you can expand data management capabilities,
download price and availability information from Inventory or upload it from
external resources.
Manage your own and contracted
inventory all from a single system
Bring your offline suppliers
online by easily adding their offers to inventory
Manage availability of your travel
products
Cut your manual paperwork and
boost productivity
Extend your sales channels
globally
Minimize time-to-market for your
product offering
TripFro Travel Inventory Management System Features:
Increase information transparency You will be able to track and control your travel inventory as it
moves from your suppliers to your landing platform and to your distribution
channels (partners, clients or other GDS)
Increase operational efficiency Manage your product inventory and live availability with different
advanced pricing schemes and structures
Support inventory planning and
optimise inventory levels Enable business to
efficiently manage product inventory, stock levels as well as accurately refilling
stock allocation
Provide business an insightful of
their entire inventory visibility with
decision making facilitation
Built-in automated Stock-Transfer
function with smart ratio configurations
Smart Inventory and stock level
alerts facilitated by the automated backend process and allocation rules
Smart notifications to suppliers
with auto-request supply orders
Smart promotional instruments with
discounts master rate setting, commission level setup, priority displaying and
expiration controlling.
Itinerary Creation
Dynamic Packaging (flight, hotel,
tour, Transfer in one package)
Flight Quotation
Hotel Quotation
Tour Quotation
Activity Quotation
Manage online booking
Multilanguage and Multi-Currency.
User-friendly
Mobile-friendly Design
How can you manage the inventory systems in travel agencies?
The travel inventory management
systems used in travel agencies are now much more updated and automated. In a
travel agency, the inventory
management system is quite difficult because there are third-party
resources included in the process. Always remaining up-to-date connectivity
with global travel product distributors will assist you to keep a well-managed
stock.
Easily manage
all your content, contracts, allotments, pricing and packaging with
connectivity to providing IT systems.
Single
or multi-site implementations with a single solution – buy once and use
everywhere.
Multicurrency
and multilingual functionality on both front-end and back-end portals.
Manual
and automated workflows let you set the balance between control and efficiency.
Multi tax,
set up your own taxes and decide where they should apply.
Flexible
and modular, so you can scale the platform to your business needs.
Who offers
best Travel Itinerary Creation Software?
When it comes to
travel management system, choose from a wide range of division like choosing
your accommodation type, book the mode of transport, choose the location of
your travel and claim the leftover money for other purposes in the enduring type
section, in short we handle all your business travel management effectively.
As a travel
agency, inventory management assists in keeping track and prevents overbooking.
Feeding the system with the correct data helps you make direct connections via API,
and a great travel agency will take care of the business inventory.
Inventory
management is an umbrella concept that involves understanding, overseeing and
controlling your hotel’s room inventory
Effective
inventory management for hotels involves both creating and managing demand, and
maximising returns
A
comprehensive inventory strategy should encompass accurate forecasting and
smart segmenting
Distressed
inventory refers to hotel rooms that are not expected to be sold at full price
Inventory
can become distressed for a number of reasons, but the most common is
cancellations in close proximity to the arrival date
A pooled
inventory model means you can sell all your rooms on all channels at the same
time, as opposed to splitting your inventory and allocating a certain number of
rooms to each channel you connect to
There
are many technology systems that can help you manage your inventory
A
channel manager and revenue management system are two of the most powerful
assets
TripFro
provides benefits for Travel Inventory Management:
Defining property, room types, property
amenities, room amenities etc.
Upload photos of the property, rooms and
amenities
Configure room types and room allocation for
selling online
Pre-mapped with Trip advisor hotel data for
reviews integration
Periodic rate configuration for different
seasons, events, festivals etc.
Rates can be defined specific to the
nationality of your customer
Enterprise CRS for
Hotels along with rate management using rate code
Set up promotion/ offers for a specific period
with exception criteria
Criteria includes % off, fixed discounts, free
nights and value added promotions
Set up different policies by providing their
respective details and apply different parameters
Policies include payment policies,
cancellation policies, tax policy, child policy, property policies with terms
& conditions
User can easily manage various details for
their hotel property
For more
details, please visit our website: https://www.tripfro.com/travel-inventory-management.php