Inventory Management System is used to manage all the inventories/stocks (in/out flow) of any organization.It stores general organization profile, sales details, purchase details, updates inventory based on the total sales, generates sales and inventory reports on daily/weekly basis.
The Inventory Management System automates the transactions and reduces manual errors at the time of stock recording. It also tracks large shipment of the inventories.
This Inventory Management System allows users/customers to define minimum number of quantity to be ordered by the stock department. A new inventory/stock is created and entitled with the named and the entry date of that stock/inventory which can also be updated any time when required according to the sales. It helps to prevent any organization from the threads and misuse of inventory.
Recently, we just completed developing this Inventory Management System.
What are the Advantages of Inventory Management System?
Here are few advantages of Inventory Management System:
- Minimize Storage Costs
- Minimize Losses
- Better Inventory Planning and Ordering
- Improve Order Accuracy
- Boost Product Availability
- Save Time and Money