Inventory Software Features

The main features of the inventory software system.

Barcoding – a form of data entry with automatic identification and data collection.

Inventory Overview gives the value of each item that you buy and/or sell, and you track quantities.

Sales Management enables reporting and controlling the company’s sales operations.

Traceability enables managing and controlling the outgoing flow of the sold products and services.

Serialized Inventory Tracking provides a track of the item serial number from purchase to sale through the life of the warranty.

Supplier Management allows managing internal and third-party suppliers and services they provide to the company and clients.

Inventory Forecasting allows making an informed prediction such as reorder points and order quantities that help ensure optimal inventory control.

Multi-Location allows managing the company’s inventory, employees, and reports for multiple stores or warehouse locations.

Cost Tracking
allows tracking the actual costs in real-time for each production activity such as materials get procure, consume, produce, ship, and delivered to customers.

Historical Record of the cost related information allows keeping assets, liability, and equity investment on their original cost even if they have significantly changed in value over time.

Custom Pricing Models allow creating a flexible price for each customer by taking into account many attributes such as customer location, purchase size and frequency, product type, lifecycle stage, and others.

Inventory Optimization enables balancing investments in resources and costs against service level goals and accordingly, frees up the company's working capital, improves the company's profitability, and increases customer satisfaction.

Kitting, like the bundling of components, tools, and supplies into a package, helps to support production and/or maintenance activities and provides less stocked items and critical parts availability, lower inventory carrying and price costs.

Purchase Order Management provides the recording and control of the company’s products and services sales as well as order fulfillment. Reorder Management allows controlling the customer reorders and providers, the inventory replenishment when the last of the on-hand is used up.

Transfer Management assists in removing products and materials from the company's storage/warehouse in one location and placing them in another storage/warehouse location.

Warehouse Management supports warehouse or distribution center by daily planning, organizing, directing, staffing, and controlling the available resources and products (moving and storing them into, within, and out of the warehouse).

Inventory Software Features