Inventory Management Software:

Inventory management software is a computer-based system for tracking product levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. In the case where companies need to maximize their potential, inventory management needs to be easy and efficient. As the world grows and modernizes, companies need an inventory software solution that improves and optimizes the opportunities that come their way.

Key Features:

• Warehouse and Inventory Control
• Enjoy real-time, detailed visibility into key inventory control and supply chain management measures, including inventory trends, stock on order, and supplier on-time performance
• Slash inventory costs by tightening control of stock levels while increasing operational efficiencies
• Increase product margins by effectively managing pricing based on different types of customers, channels and currencies
• Gain control over inventory replenishment and ensure that you have enough on hand to fill anticipated orders, while keeping excess stock to a minimum
• Purchasing and Vendor Management
• Eliminate inefficiencies throughout your organization with convenient online purchase order creation that allows you to replace paper-based forms and time-consuming manual processes
• Streamline requisition processes and improve collaboration with vendors by giving them self-serve access to key data and information, including inventory reordering points and transaction histories
• Track costs and eliminate errors by creating a complete business process flow through purchasing, receiving and account payables.
• Optimized Manufacturing Processes
• Streamline the assembly process by efficiently managing production work orders, building multi-level assemblies, creating special purchase orders for components, and seamlessly integrating with back-office operations

Benefits:

• Get complete real-time visibility into demand, supply, costs and fulfillment measures and trends
• Manage margins with a clear view into inventory costs, turn rates and inventory profitability
• Eliminate manual inventory management processes and improve vendor satisfaction with a seamless procure-to-pay process
• Significantly improve your relationships with suppliers, vendors and partners by providing self service and real-time visibility
• Effectively and efficiently meet customer demand, helping drive and maintain superior customer service levels