CEO Dean Henry launched the company in 2001 and brought the prototype of iVendm to market in 2009. iVendm is an inventory management system that uses weight sensor technology to provide remote inventory information in real time.
The first Inventor-e system, EARS (Electronic Automated Replenishment System), was developed between 2001 and 2006 and was introduced into Alstom Preston UK Train Life Service centre for spare parts logistics; supply, overhaul, modernisation and life extension of traction systems and components. Inventor-e won two European Supply Chain Awards; the first for Engineering Distributor/Retailer in Partnership with ALSTOM Preston and the second for e-procurement (overall award from all category award winners) sponsored by SAP.
In 2011 Inventor-e embarked on a major re-development of the software database (Sourcerer™) to provide better reporting, more reliable communications, more robust databases and more flexible integration with customer systems. New products were also added to provide a holistic supply chain management solution. These included SmartStores, iVendLID and iVendC & iVendC+ which allow the customer to control different scopes of supply. The most recent development is SmartStores which comprises of an Android application that is downloaded to either an Android compliant phone or a tablet with NFC RFID (Near Field Communication Radio Frequency Identification) capability. The SmartStores App is linked in real time through 3G or WiFi to the Inventor-e cloud-based Sourcerer software. The SmartStores solution enables customers to effectively manage and control usage of indirect material in a storeroom environment and provides real-time enterprise wide visibility and control over indirect materials.
Following a period of strong growth in 2013 the company opened headquarters at the University of Warwick Science Park’s Blythe Valley Innovation Centre near Solihull and has also recently celebrated winning a £600,000 contract for supplying the indirect materials technology platform for leading engineering support services firm Babcock International.
The company’s client roster includes a host of blue-chip businesses, aerospace organisations and global soft drinks giants Coca Cola and PepsiCo.