Inventory management is a software system for tracking inventory levels, orders, sales and deliveries throughout the entire supply chain. It supervises the flow of goods from manufacturers to warehouses and from these facilities to point of sale. A key function of the software is to use a variety of data to create detailed records of the goods and produce other production-related documents in order to fill client and costumer requirements. Inventory management is essential in retail and many other industries for keeping track of its product.
Features of Inventory Management Software: Inventory management uses several methodologies to keep the right amount of goods on hand to fulfil customer demand and operate profitably. Each industry has its own unique requirements, however most software features of inventory management are likely to include:
- Optimize supply chain
- Improve shipping process
- ADD mobility to monitoring
- Asset tracking
- Service management
Product identification
Why use Custom Inventory Management Software: There are many reasons to choose a customized inventory management system. Modern inventory management systems have become more complex and contain many features which can be customized to integrate with accounting and ERP systems. The systems can keep track of goods in inventories across several warehouse locations and it’s also able to calculate costs in multiple currencies, so accounting systems have an accurate assessment of the value of goods. Create a list of required features and custom build whatever options that works, put it in place and start working smarter. Additional customization benefits:
- Easy Integrations and options for cloud based solutions
- Helps to improve customer relationships
- Heightened security
- Real time inventory of stocks
- Provides stock balance and reorder management
- Order management
- Barcode scanning.
Chetu provides custom inventory management software solutions as per your business need. Our developers are able to program cloud based custom inventory management systems to manage entire business processes. To know more, please contact us today!