1. How Inventory Management Software works
Companies need to have accurate inventory in order to fill their client’s requirements. It is very important
for business as it incurs the highest percentage of expense so it needs to be controlled. Without the proper
and inaccurate counting, your business can suffer enormously.
Having under or over inventory can bring large losses on your resources. But with tracking of the
movement of your stocks, you are aware on where are your products are, to where it is going and how
much you need to order.
When you have a good inventory in place, an organization can lessen its operating costs and flourish in
sales. With accurate record, you know if you can fulfill the demands of your clients. You can determine
the sales trends and make your forecast in order for you to sustain and serve the needs of your
organization as well as your clients.
Inventory makes planning easy and simple. Now you don’t need to rely on guesswork on whether you
have sufficient stocks or not. With technology, manual method is gradually developed into stabilized
method to have quick access of monitoring your products.
Inventory Management System offers a suitable improved application that easily tracks available stocks
and a way of tracking the sales of an organization. Today, with the system in place, giant retailers such as
Wal-Mart, Target, Lowes and Best Buy are able to manage their billion worth of inventories.
The proven method of monitoring stocks provide such enterprises in determining which products are
moving and which are taking most of their shelf’s spaces. The scheme ensures that these huge retailers
have sufficient amount of products that their customers need and balances the fact that they still have
enough buffer for emergency requirements.
A bad inventory means losses of sales, sleeping investment on the warehouse and dissatisfied customers.
Inventory System has the following features:
1. Ready management report generation
2. Search option for inventory items
3. real time inventory of stocks
4. complete transaction
5. offers multi-user functionality
6. invoice generation
7. provides stock balance and reorder management
8. serial number tracking system
9. assignment of item expiration right away
10. work order accomplishment
Megaventory offers inventory software that offers intelligent inventory system to small and medium
businesses. The Inventory Management System enhances the inventory and Order Management