The Smarter Way to Manage Materials and Inventory

Inventory is one of procurement’s biggest hidden challenges. While organisations spend time perfecting sourcing strategies and supplier negotiations, much of the real value leakage happens after items arrive on site. Materials get duplicated across systems, stock sits in silos, and no one has a clear picture of what is available where.

The result is overstocking, shortages, wasted spend, and what we call master data misery.

Axiom MarketMaterials is a powerful new capability built to solve this. It gives procurement and operations teams one intelligent, connected space for managing every material and every inventory location.

One Golden Record for Every Material.

At the heart of MarketMaterials is golden material data, a clean and centralised list of everything your organisation buys or uses across sites and functions

Instead of ten different entries for the same item tied to different suppliers, MarketMaterials creates a single, standardised record. That record becomes the source of truth across procurement, warehousing, and operations.

Think of it as a dictionary that everyone in the business refers to when they talk about the same item, whether it is a reagent, a spare part, or a consumable.

Linking Materials to Real-World Inventory.

Once the golden record exists, it can be linked to physical stock at specific locations. MarketMaterials makes this distinction clear:

• Materials are the definition, such as a specific chemical reagent used in a laboratory.
• Inventory is the instance, such as 20 litres of that reagent in a cabinet at Site A and 5 litres in cold storage at Site B.

This makes it easy to see not just what materials exist, but where and in what quantity. Whether items are in warehouses, storerooms, or labs, MarketMaterials delivers a single, connected view.

Smarter Structure, Flexible Categories.

MarketMaterials lets organisations bring order and consistency to how materials are managed.

• Types set the structure, ensuring standard fields like storage temperature, concentration, or batch number are captured consistently.
• Groups add flexibility, allowing you to categorise materials in ways that make them easier to filter, search, and navigate.

The result is a system that is structured enough to enforce standards, but flexible enough to fit the needs of different industries and environments.

From Stock Counts to Automated Replenishment.

Managing inventory is about more than visibility. It is about ensuring materials are available when needed, without overbuying or waste.

With MarketMaterials, stock levels can be:

• Counted and adjusted manually on site using the app.
• Replenished automatically when quantities fall below defined thresholds.
• Assigned to team members through picklists for faster actioning.

Replenishment can trigger two outcomes:

• A transfer of items from one location to another.
• A purchase order placed directly in the Axiom Marketplace, mapped to the right supplier and unit of measure.

This closes the loop between what is purchased and what is consumed.

Why It Matters.

Traditional ERP and inventory systems can track stock, but they are often rigid, complex, and disconnected from procurement workflows.

Axiom MarketMaterials changes that by bringing catalog sourcing, intelligent RFQs, and inventory management into one platform. With Universal Search, procurement and operations can now access all of this in a single place.

That means procurement is no longer disconnected from operations. The same system that drives sourcing decisions also ensures materials are available, tracked, and replenished intelligently.

The impact is measurable:

• Fewer stockouts and emergency orders
• Lower holding costs and reduced waste
• Elimination of duplicate or inconsistent material records
• Greater procurement velocity - the ability to move from requirement to delivered value faster

Moving Beyond Inventory Mayhem.

Every organisation wrestles with some form of inventory challenge, whether it is duplicate records, fragmented systems, or manual spreadsheets.

Axiom MarketMaterials provides a way forward, replacing inventory mayhem and master data misery with one intelligent layer that unifies materials, inventory, and sourcing.

It is not just another inventory tool.
It is the missing link between what procurement buys and what the business actually uses.