Inventory Management System

An inventory management system is an amazing system that keeps track of the sales, orders, inventory levels as well as deliveries. Such a system is useful for the management of inventory in the manufacturing industry, production-related documents, and material bills. An inventory management system helps business operators with the execution of the most important tasks.

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Functions of Inventory Management Systems

  • Increase Productivity: An inventory management system enhances the productivity of the company to a greater extent.

  • Avoid Stock-Outs and Over-Stocks: An inventory management system assists companies with avoiding over-stocks and stock-out scenarios. So, the company never stops functioning.

  • Manage Quality and Inspect Products: This system is responsible for quality inspection and management of the product. Thus, inventory software potentially manages the inventory of the company in a planned and convenient manner.

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Inventory Management

Obviously, inventory management capabilities will be at the core of any IM system, but here’s what these functionalities can do for you. You can centralize your most basic and necessary warehouse functions and access inventory details like stock levels, product history and other product specifications. You can break down data silos by syncing data and offering collaborative inventory, which allows vendors to manage your inventory remotely. Vendor managed inventory (VMI) is a great solution for those in long-term business relationships.

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Shipping

From labeling to multi-carrier shipping and dispatching orders as multiple shipments, ensure your customers get their in-stock goods quickly with back-ordered items sent at a later time.

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Forecasting of the inventory

It is a quite discomforting situation when company products go out of stock. An inventory management system allows you to check what products get out of stock, and what products are abundantly available in the stock of the company. This is a uniquely beneficial way of maintenance of a good user experience as well as spending resources wisely. Consequently, business owners purchase the business inventory smartly and intelligently.

This feature of the inventory management system helps managers in meeting customer expectations and reduction of stock out risks.

Through the use of this Inventory software, we offer:

  • Product Categorization
  • Cycle Counting
  • Product Measurement
  • Collaborative Inventory
  • Product History
  • Automatic Stock-out Reports
  • Stock Inquiries
  • Vendor Managed Inventory
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