Inventory Management Software

Inventory Management Software
Business Type Manufacturer, Exporter, Supplier
Behaviour User Friendly
Support Language English
Service Mode Offline & Online
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Preferred Buyer From

Location Anywhere in India

Product Details

Industry/Application
Data Analysis, Retail, Marketing
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Details

  • Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries.
  • It can be used in manufacturing industry to create a work order, bill of materials and other production-related documents. 

 

Inventory Control

Inventory control is a planned approach of determining 

  • what to order, 
  • when to order 
  • how much to order 
  • how much to stock 

 

Need of Inventory Management

  • To stabilize production.
  • To take advantage of price discounts.
  • To meet the demand during the  replenishment period.
  • To prevent loss of orders.
  • To keep pace with changing market conditions.

 

Importance of Inventory Control

  • Improvement in customer’s relationship 
  • Smooth & uninterrupted production .
  • Efficient utilization of working capital.
  • Economy in purchasing.
  • Eliminate the possibility of duplicate ordering

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