INTRODUCTION:
Inventory management is primarily about specifying the size and placement of stocked goods. Inventory management involves a retailer seeking to acquire and maintain a proper merchandise assortment while ordering, shipping, handling, and related costs are kept in check. It also involves systems and processes that identify inventory requirements, set targets, provide replenishment techniques, report actual and projected inventory status and handle all functions related to the tracking and management of material.
In modern days, inventory is managed by sophisticated system applications that are designed to manage complex inventory plans and to a large extent contain processes that initiate and streamline the operations and inventory management.
INVENTORY MANAGEMENT SYSTEM:- | | Inventory Management Systems is an application to track the sales and available inventory. This system communicates with suppliers in near real-time and receive and incorporate other data, such as seasonal demand. System is flexible enough, allowing for a merchant's intuition and shows the owner when it's time to reorder and how much to purchase. This system has following modules: | * Inventory Control Management * Contact Management * Accounting Management * Manufacturing Management * Purchase Management * Sales Management * Shipping and Receiving Management * Reports | |
Inventory Control Management | * Real-time inventory tracking is done even between multiple stores/locations * Serial number tracking system. * Barcode printing Module and 2D Barcode Modules are the smart solution-increasing efficiency while lowering costs. * Assigns expiration dates to items during or immediately after receiving items * Easily and effortlessly assigns items Manufacturing lot information at the receipt of goods. | Contact Management | * Customer tracking * Customer Transaction Drill Down * Vendor