Inventory
Management Software : Features
Inventory forms one of the biggest
investments in manufacturing and trading sectors. Huge capital blocked in
inventory, inability to identify products, multiplicity of products, product
freshness, order of arrival, guarantee/ warranty periods, handling and a host
of related issues can confound any individual assigned the task of materials
management. The solution lies in installing a software that will solve these
problems and evolve a system for continuous operation and evaluation.
Inventory Management Software is an absolutely compatible and competent application to deal with inventory of several commercial and non-commercial industries such as Clothing, Electronics, Aeronautics, Mechanical, Medical, Hotel, Food, Stationery, Shoe, Retail Chains, Online Shopping Malls and other business. It handles invoicing, stock movement and customer details easily and rapidly via interactive, user friendly interface.
Inventory Management Software is an absolutely compatible and competent application to deal with inventory of several commercial and non-commercial industries such as Clothing, Electronics, Aeronautics, Mechanical, Medical, Hotel, Food, Stationery, Shoe, Retail Chains, Online Shopping Malls and other business. It handles invoicing, stock movement and customer details easily and rapidly via interactive, user friendly interface.
Inventory Management Software is
extremely economical and a compliant package for all common window platforms
like 98, NT, 2000, XP and Vista.
Key Features:
·
Inexpensive,
advanced and swift.
·
Easy
to configure and install
·
Complies
with all Windows operating systems.
Inventory Management Software is
basically focused to derive stock balance, sales record, restore stock, goods
record, goods category distribution, customer order records, invoice, price
system, backup stock, reports customization, order processing, purchase order,
pay orders and significantly reducing paper work. The application offers a broad
and innovative inventory management resolution to synchronize items, stocks,
cumulative productivity of stores, managing sufficient supplies by implanting
modular classification of the entire process. Inventory management software is
best suited to keep track of the records of sale, purchase and vendor prices of
all the goods stocked in the system. Inventory package includes specific
features like barcode reading for price identification, Multi-currency adoption
to identified rates, reports generation for fast, precise analysis of goods,
stock, quantity, prices, manufacturers, suppliers, vendors and sales. Expiry
alert for various items, print preview option for flexible, multi-user
compatibility, security with approvals and more.
Disadvantages :
Like every software inventory
management software is not a total bundle of advantage. There are disadvantages
too. For a small company the cost overrun of installing such software is very
high. Barcode readers don’t come cheap. No data is reliable unless updations is
made continuously. When a software company walks out replacement is a laborious process that
includes training and recasting data. Nowadays updations is carried out on a
dynamic basis with PCs, iPods and Androids which can be connected to the
central unit. Despite these disadvantages the utility of inventory management
software far outweighs these minor snags. The enormous quantity of inventory,
the capital involved and the necessity to keep the supply- production-
distribution channel alive is enough for any right thinking materials personnel
to seek out and latch on to an inventory management software most appropriate
to the performance of the company. inventory management software - Which
software to install? This is not an easy question to answer. There is a plethora
of such software’s available. Each one with its own tall claims. Information
from industry sources and similar business. Ventures will be a right indicator.
Besides there are reliable software consultants who can provide valuable and
relevant data.
Anil Bhat
Cell : +91 – 9911 720 780
Every business either must have WMSfor them to keep precise history and a record of stock. This may avoid upcoming problems. Thanks.
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