Effective inventory management is one of the few key components of the business successes regardless of your company performs sales, equipment service, manufacturing, or another activity.
Manufacturers and retailers that use the just-in-time method of inventory management prefer to keep products and materials in their inventory which they need to produce and sell goods. Such a strategy allows them to reduces storage and insurance costs and to eliminate costs needed on liquidating excess unused inventory.
The just-in-time method requires organizations to forecast demand very accurately; otherwise, disruptions in the supply chain can occur and sold, or pre-ordered products will not be delivered to customers.
Manufacturers and retailers that use the just-in-case method of inventory management prefer to have in stock large inventories with the purpose to meet the higher demand. Such a strategy allows them to minimize the possibility that a material or product will be out of stock.
The just-in-case method is used by organizations that cannot forecast future demand. Such companies need to hold a higher inventory level (and to increase inventory holding and insurance costs) if they do not want to have the lost sales because of sold-out inventory.
Prism Visual Software, Inc. has developed the inventory management software system for companies specialized in route sales, delivery, and equipment service. Our system is designed with taking into consideration the specifics of such business; therefore, it is successfully used by many companies from different industries. Developed by our professional software team the inventory management software system includes the ServQuest™ complex desktop package and MiniMate™ mobile application. MiniMate™ is the award-winning software developed for handheld devices that run on Windows PocketPC, Windows Mobile, and Android operating systems.
Offered by us inventory management software system is based on the just-in-time method of inventory management and gives its users many advantages. First of all, it enables reducing the company’s business costs because of automating warehouse processes and effective inventory management. Our system provides a wide range of helpful features that make it much easier to perform everyday business processes.