Features Of Our Inventory Management System
1. Tagging and Bar-coding
Another great feature of our inventory management system is the elimination of standard human errors. Manual data functioning can cause errors, but scanning the barcode saves ample time for workers. The bar-coding feature reduces employee training sessions and budget value. Traditionally, recording the data of the products requires so much effort. The inventory management system has made it easier by offering bar-coding and tagging features. Now, the bulkiest work is completed in the least amount of time..
2. Reporting of the business activities
One of the most advantageous tools of our inventory management system is the reporting of various business activities. Management of an inventory business demands people in charge to remain updated regarding various business activities such as the driver’s location, the status of the product, information regarding the shipment of the order, etc. You can integrate many tools in the inventory management app for carrying out the reporting of tasks efficiently.
3. Forecasting of the inventory
It is a quite discomforting situation when company products go out of stock. our 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.
4. Alerts regarding the inventory details
The manual work inventory supervision days are bygone. Now, managers do not have to spend a good amount of time and energy on the management of the stock data. Our inventory management system is one with a stock-out alert feature. In the alerts, the software describes various consequential issues that may occur due to reduced stock of a particular item.
5. Backup and security of the inventory
No matter the type of your business, proper backup, and security of the inventory is critical for the functioning of the inventory. Our Inventory management systems software has good security layers that make hacking impossible. In case inventory software gets hacked, the data has a backup that business operators can access and use. So, backup and security of the inventory prevent any hiccups.
6. Integration of inventory management software with other systems
Nowadays, companies have installed an ERP system that has increased the productiveness of the companies to a greater extent. If our inventory management systems software can be integrated with ERP, the company can benefit a lot from the integration. Data can be retrieved relentlessly from the system.
7. Optimized inventory
Another great feature of our inventory management software system is that it optimizes and organizes the inventory of companies. It becomes easier for the managers to function and meet deadlines with the optimized inventory.
8. Demand and supply of the product
Business owners manage the inventory well with the help of our inventory software. Managers balance the demand and supply of the company products efficiently. This is why businesses are capable of generating a huge amount of revenue on an annual basis.
Benefits Of Our Inventory Management System
1. Higher Productivity
An organized and systematic inventory management process means more gets done in less time. Using software to manage inventory will cut down on time it takes to process, audit, and track your merchandise. With one interface, you can check the stock amounts on all your inventory, track what’s selling and what’s not, find vendor information, and connect to payment apps for invoicing and purchase orders.
2. Better Profitability
Gain business insights with inventory tracking software to see what goods are popular this period and what goods can go next period. With an eye on the inventory and tracking reports illustrating what is selling well or poorly- investing more in the stock that sells means more significant profit for your business. Successful inventory management means knowing and using that knowledge to get the most out of the market and merchandise. Inventory software provides you with this information to make decisions that will net you a higher income.
3. Easy Inventory Processing
Streamline inventory processing by tracking stock and inventory numbers and associated costs, using inventory management software to save time. With clear visibility of the stock movement, you’ll always know the status of your inventory for good inventory management practices. Our Inventory tracking automatically updates the quantities on hand when buying and selling products in real-time for quicker processing and selling times. our software can also help companies with over or under stocking ensuring there is never too much inventory to move.
4. Reduces Aged Inventory and Dead stock
Sort your inventory by date to know which orders have come in first, and check the quantity on hand to determine how much you need to sell. Knowing what goods are going out of date soon, especially for perishable inventories, means selling aged inventory before it becomes dead stock and loses your company money. Keeping up to date on out-of-date products will help your business reduce wastage and repurpose ageing inventory to save money. Dealing with such stock before it goes bad is one of the many advantages of our inventory management.
5. Automate Manual Inventory Tasks
The right software can automate like our inventory management systems for your business to increase count accuracy and revenue while decreasing human error and costly mistakes. Your employees won’t have to waste time counting and recounting stock when automated software provides you with real-time information. No need to run to the back to check and count specific stock levels. Instead, flip open your phone or check your tablet screen and quickly reference accurate and precise information—gain calculations and expense tracking without human error for fast and precise number crunching and quantity counting.
6. Better Customer Service
Providing customers with what they want, when they want it, is a massive part of customer satisfaction. Your business can keep the popular stock in store thanks to the automatic low stock alerts our inventory software will send directly to your phone. View the quantities on hand and quickly order more with all your vendor information in one spot. Keeping sought-after products in stock and on the shelves can also turn one-time buyers into loyal customers. They know you’ll have what they need, and that makes them appreciative of your services, returning, again and again, to buy from your business. Therefore, Our inventory management software can help you retain customers and produce new ones.
7. Lessens the Chance of Stock-Outs
Our Inventory software helps businesses prepare for various events, such as a stock-out, that affect the supply and demand of your goods. A stock-out happens when there is an unexpected demand for a specific stock, causing the product to sell out. Using our inventory tracking software can help your business prepare for these eventualities. Low stock alerts, real-time inventory valuation, and automatic quantity updates are all features that will help you adjust to the supply and demand of the market and your customers.
8. Accurate Expense Tracking
Expense tracking is an integral part of any department within a business, and our inventory is no exception. Our Inventory software can run reports to calculate the total sales, total taxes, and other pertinent financial information, like real-time inventory valuation, to help you keep track of your inventory costs and revenue. These inventory and expense reports will hold your business in good stead when it comes to the auditing and accounting aspects of your inventory. Cross-reference your stock with your financial information to ensure the two line up accordingly when it comes time for your next inventory audit. Get the most money out of the least amount of inventory.
9. Demand and supply of the product
Business owners manage the inventory well with the help of our inventory software. Managers balance the demand and supply of the company products efficiently. This is why businesses are capable of generating a huge amount of revenue on an annual basis.