Inventory Management System
In Business, Official Blog, Tech-BLOG, TechnicalInventory management systems are used to track?kinds of stuff through the entire supply chain which covers?a lot of thing from production to retail, warehousing to shipping, and all the movements of stock and parts between the source and destinations.
Although, it means that a business can see all the small moving parts of its operations, allowing it to make better decisions and investments. Different inventory managers focus on different parts of the supply chain
Because of their wide variation in scope, inventory management systems also vary widely in cost. Jain Software gives you an idea of what that price/features mix looks like.
Some of the Inventory Management features are :
All inventory management systems includes:
- Bar-coding
- Reporting tools
- Inventory forecasting
- Inventory alerts
- Accounting tools
Manufacturing inventory management
The manufacturing process?includes work orders and bills of materials. Inventory management process is all about tying work orders and bills to your existing materials.?It includes:
- Materials tracking
- Inventory levels for parts and finish products
- Automatic reordering
- Integrations with ERP or maintenance software
Warehouse inventory management
Warehouse Management is a different?thing and requires different system features. Warehouses are most interested in?where?an item is.
Warehouse Inventory includes:
- Advanced bar code systems supporting QR and other standards
- Multiple location support
- Shelf and bin tracking systems
- Order picking support
Retail inventory management software
In its final iteration, inventory management systems help retailers keep their businesses running smoothly and profitably.
The?main?goal is for users to reorder items before they become fully sold out. Having adequate levels of inventory helps users capitalize on sales opportunities. Of course, it is important that retailers dont order too much of an item and face not being able to sell it all. Robust systems can help users strike that delicate balance of ordering just enough but not too much.