Inventory management system allows you to track goods across your business’s supply chain. We optimize the entire spectrum spanning from order placement with your vendor to order delivery to your customer, mapping the complete journey of a product.
Easily identify and track your products with inventory management software which integrates with barcode scanners for instant product identification and labelling.
Maintain just the right amount of inventory for each product, without over- or under-stocking any item. It’s especially useful if you deal in products that experience a seasonal rise and fall in demand.
Manage multiple warehouses and points-of-sale (POS). All locations can be integrated within a single inventory management system.
Manage returns more effectively by reducing time-to-return through automation of the entire process.
Create a single view of purchase order records. You can easily identify which products are in demand, both perpetually and seasonally, and prepare to meet your customers’ needs.
Group inventory into predefined categories and ensure you’re always updated about quantities of components and specifications that make up your product stock, and manage their reordering schedules as required.
This feature is useful if your supplies come from a third-party and you dispatch goods for delivery. This feature leverages RFID technology to provide you with real-time tracking of your inventory in transit.
This feature is useful if you need to optimize your warehouse stock and maintain an accurate log of each product’s location. It’ll give you a single view of where all of your products are stored.
Through this feature, you can draw on past data to identify future demand. It isn’t necessarily offered by all platforms, so if forecasting is important to you, be sure to ask the vendors on your shortlist about this capability.
View sales history in the form of a list of your most popular products. This feature also enables you to manage items in your inventory that have not reached the sales levels you expected, for example, by offering discounts on them.
Receive alerts and notifications when there’s over- or under-stocking beyond a defined threshold. This helps you to place orders or offer promotional discounts to clear out extra stock.
Perpetual inventory system continually updates inventory records and accounts for additions and subtractions when items are received, sold from stock, moved from one location to another, picked from inventory, and scrapped.
Periodic inventory systems do not track inventory on a daily basis; rather, they allow organizations to know the beginning and ending inventory levels during a certain period of time. These systems track inventory using physical inventory counts.
Inventory management systems using barcode technology are more accurate and efficient than those using manual processes. They update inventory levels automatically when workers scan them with a barcode scanner or mobile device.
These systems use active and passive technology to manage inventory movements. Active systems work best for organizations where inventory security has been an issue. On the other hand, passive systems require the use of handheld readers to monitor inventory movement.