The document discusses the significance of ERP inventory management systems in enhancing business efficiency, particularly in the tourism and hospitality sectors. It emphasizes the need for integrated information networks to streamline operations, reduce costs, and improve customer service, while outlining the specific features and benefits of Trawex's ERP solutions for travel companies. Additionally, it highlights the adaptability of ERP systems in meeting the unique demands of the competitive travel industry.

1. ERP inventory management
Email id : contact@trawex.com
Phone No : 91485 87111

2. How To Effectively Manage Inventory with an ERP Inventory System
• Information technology has been one of the key drivers for faster and inclusive
growth that give a competitive edge to any business organization.
• Information technology (IT) has a more intensive effect on business growth and
has changed the business atmosphere completely.
• Competition between organizations increased due to growth of production
activities and enhancement of service and quality necessitates effective
integrated information networks.
• Enterprise resource planning (ERP) systems ensure effective integrated application
systems to support accurate, reliable information networks.

3. • There are numerous favorable circumstances of executing an ERP system to be
specific a coordinated system, the capacity to streamline various procedures and
work processes.
• And the capacity to effortlessly share information crosswise over different divisions in
an association, improved proficiency and profitability levels, better follow-up and
forecasting, lower costs, improved client care.
• Presently, the ERP system is being received by different associations as a major
aspect of their business development techniques.
• However, one must realize that the implementation of an ERP system is not a goal
but a journey towards the goal. Considerably after effective usage, the objective isn't
accomplished until the system is totally utilized.
• In the present era, Enterprise Resource Planning systems implementation is one of
the fastest-growing segments in the information technology industry.

4. • ERP system is an enterprise-wide data network intended to arrange every one of
the assets, data, and exercises expected to finish business procedures, for
example, order fulfilment or billing.
• An ERP system supports the business system that keeps up a single database for
an assortment of business capacities, for example, Manufacturing, Supply Chain
Management, Financials, Projects, Human Resources, and
Customer Relationship Management.
• Enterprise resource planning (ERP) systems have become the de facto standard for
large and mid-sized organizations to run all their major functional and process
operations.
• ERP system consists of a series of functional modules that are integrated through
standard business processes and include all the data and information about
vendors, customers, employees, and products.

5. • Tourism and hospitality industry is one which is depended on integrated
information network that plays a critical role in enhancing business success
relationship.
• The forces of change brought about by information technology have transformed
the way business is done in the tourism and hospitality industry.
• The tourism industry has evolved and modernized considerably. The highly
competitive environment of the industry has forced tourism firms to look forward
to enhancing their competitive advantage.
• For example, there has been considerable growth in the implementation of new
information technologies and the development of new commercial formats such as
ERP software in online travel agencies.
• The hospitality industry includes hundreds of suppliers and other interrelated parts
that need to be carefully managed to ensure efficient and integrated day-to-day
operations.

6. • Tourism and hospitality enterprises are under pressure to reduce waste, control costs,
optimize business processes, and consolidate operations.
• To make it possible there is a need for an Enterprise resource planning (ERP) system
that will provide information across all functions and location within the organization.
• Enterprise Resource Planning System (ERPs) has been in the spotlight on account of
their incorporated methodology and their capacity to solve the fragmentation of data
in associations.
• Designed primarily for manufacturing-based organizations in the early eighties, these
systems have expanded in scope to cover the service and retail sectors in recent years.
• The rapid growth of the Tourism and hospitality industry requires sophisticated
Enterprise resource planning (ERP) systems for managing the increasing volume and
quality of tourism traffic.

7. • Modern travelers request all the more high-quality travel services, products, data,
and incentives for their cash.
• The emergence of new tourism services and products, coupled with a rapid
increase in tourism demand, has driven the wide-scale adoption of enterprise
resource planning (ERP) system.
• In the hospitality industry, ERP systems are an attractive proposition given the
current state of fragmentation of information systems in the tourism and
hospitality industry.
• A significant element of an ERP is that its capacities from a single comprehensive
database for the whole association, with ongoing availability between various
capacities.
• Enterprise Resource Planning (ERP) systems are among the most prominent
Information Technology (IT) software being embraced in associations all around.

8. How does ERP help in inventory management?
• An ERP system supports the business system that keeps up a single database for an
assortment of business capacities, for example, Manufacturing, Supply Chain
Management, Financials, Projects, Human Resources, and Customer Relationship
Management.
• Now a day’s ERP systems are being adopted by various organizations as part of their
business growth strategies and play an important role in small scale and large-scale
enterprises to run all their major practical and process activities.
• ERP systems are being implemented by different industries across the world both in
production and service domains.
• Recently, service organizations have invested considerable resources in the
implementation of Enterprise Resource Planning (ERP) systems to improve
efficiency, cost-effectiveness

9. Inventory Management
• Inventory management comprises various actions taken by the management to
reduce cost, maintain production, continuous supply and reduce loss.
• The objectives of inventory management are: To maintain a large size of inventory
for efficient, smooth production and sales operations, and to maintain a minimum
investment in inventory to maximize profitability.
• Inventory management refers to various techniques used to ensure that the right
quantity of an item is used at the right time and place.
• Productivity in inventory means the capacity to rapidly get and store out of this
world in and recover and transport when they go out.
• Each additional second spent in these procedures adds to the expenses of
inventory management. In addition, proficient appropriation is a consumer loyalty
issue for exchange channel vendors and retailers.

10. • Retailers anticipate that providers should meet recommended conveyance
timetables, and clients expect modified requests and products to land on time.
• Well-managed inventory control is often key in meeting profit margin
objectives. Gross profit margin is the difference between revenue earned from
sales and the costs of goods sold.
• Remove fixed expenses including structures, utilities, and work and you get to
operating margin.
• Investing as little as possible in inventory control while meeting the other
objectives is critical is earning profit and growing your business. Inventory
management is a crucial element in the working functions of any hotel.
• It refers to the buying of products and enterprises in the correct quality, from
the correct source and the correct value all to meet a particular need.

11. 4 key features
 Comprehensive content management: Make and disperse your detailed
portrayals in a couple of dialects, upgrade them with greetings res pictures
incorporate administrations and area explicit data.
 Allotments, availability, and schedule: Manage your total list of all things
considered and duties for every one of the providers, as well as track all
bookings crosswise inventory types – continuously and from a single bound
unified dashboard.
 Extranet for suppliers: Extranet for providers: let your accomplices in through
their committed extranet accounts so they have full access to deal with their
postings and appointments in your travel inventory system.
 API data Import and Export: expand your data management capabilities to
download price and availability information from Inventory or upload it from
external resources

12. Trawex ERP inventory management for the tourism industry
• Today's world, the travel industry is one of the most significant and dynamic
divisions to build neighbourhood just as the worldwide economy and help in
keeping up the GDP of the nation.
• The tourism sector helps in creating a large number of employees which in turn
helps for the ever-increasing population. For some nations and areas, the travel
industry is the biggest part of work for the people.
• There is a high level of competition in tourism and to survive, it important that
the customer service is par excellence. This won't just help with repeat business
but also verbal promoting by the purchaser in his circle.
• Hence, to run a successful organization it’s very necessary to collect accurate
information about customers & map the services provided to them.

13. • Trawex ERP for the travel industry fulfils every one of the needs of the advanced the
travel industry segment.
• For example, client care, day by day work updating, collaboration between
departments, planning, updating of day by day income, and its assistance to lessen
the operational expense and increment the association productivity.
• Trawex is a web-based Travel Company ERP that helps travel organizations expands
their online appointments while reducing their regulatory costs through
ERP inventory management.
• Our Travel ERP inventory management system converts into greater adaptability
when setting up markups, commissions, and reservation arrangements with the goal
that you and your gifted system can get the most costs out of your collaboration.
• You can sell your travel products through multiple channels B2C, B2B, B2B2C and
efficiently manage your work the Trawex advanced back-office automation module
using a travel enterprise platform.

14. • We provide a whole set of B2C/B2B Booking Engines for flights. We offer the
booking platform that can be simply integrated with any third-party provider of your
selection as well as your directly contracted inventory.
• Our Travel ERP is to assist you to manage all of your business rules, like markups and
margins based on predefined criteria for effective revenue management for all
variety of clients.
• It helps agencies automate routine admin tasks and improve overall staff efficiency
and reduce manpower price. We offer the entire arrangement system on customer's
servers; the travel enterprise software organization licenses customization
dependent on client processes.
• Our travel ERP inventory management software that can facilitate enhance and
maintain your entire application suite, One-time setup fee and one-time user fee
along with extra customization fee, Perpetual product, and user license, and Annual
maintenance price which includes support and maintenance.

15. • Our comprehensive travel arrangements spread each side of your exchange taking
care of and various deals channels by utilizing travel undertaking software.
• Our travel ERP platform acquires an innovative travel technology platform that a
set of online booking and travel technology products for business travelers, travel
managers, travel management firms, and suppliers.
• Our travel ERP software provides users with a platform for designing, purchasing,
and recording travel expenses.
• The product typically integrates with or offers inbuilt expense management
options, but travel management software focuses specifically on reporting travel
expenses using the Travel ERP model.
• Trawex travel technology plugs into today’s major travel agencies and expense
solution suppliers.

16. • Our powerful APIs and thoughtful design mean travel managers and travelers are up
and running in no time, and travel agencies can service travelers effortlessly using
the travel enterprise software. Trawex Travel ERP system meets all the demands of a
modern travel company.
• The travel enterprise platform licenses venture out companies to give remarkable
customer service, Maintenance, verifying the achievement of the everyday work and
giving information continuously.
• Our Travel ERP system licenses to chop operational costs down and expand the
organization's productivity.
• Our travel enterprise software can be used to manage each level of the tourism
industry: human resource, management of finance, service, maintenance, stocking,
projects, investment, risk, decision-making, payoff analyzing, region designing,
region business, intelligent traffic.

17. • Our Travel ERP inventory management can bring to tourism in today’s environment
of active competition a travel company must use each advantage and tool thus on
getting on high.
• Being customized to the needs of the tourism sector Trawex permits for saving
labor hours of the corporate as well as its money.
• With travel enterprise software system one can, be at an advantage to the following
benefits are integrated information:
• The travel enterprise software system reduces the requirement for getting and
maintaining multiple software systems, permits all the departments within the
business to perform various functions at the same time, Increased efficiency in
processes:
• The travel enterprise software eradicates labour-intensive manual processes, makes
knowledge assembling more efficient and correct, Trawex is ready to develop only
those

18. • Travel ERP system is more secure as all the transactions that ensue via ERP system
can be tracked, User-friendliness of the system:
• Travel ERP system is simpler to use for the staff, it provides an easier access to the
information and facilitates the preparation of specific reports.
• Trawex is a company that continuously sticks to an individual approach to every
client and designs its software in step with the customers’ demands.
Trawex experts are professionals with broad expertise who are ready to develop an
ERP system in step with the necessities of your company.
• This travel enterprise platform will produce price and business profit creating it
easier to trace the advancement across various departments, verify financial flow
and improve company governance.

19. • Trawex is one of the world’s most advanced innovative Travel ERP Inventory
Management systems for the travel business, to boost the workplace management
and systems with an eye fixed toward increasing efficiency and productivity using
Travel ERP Inventory Management.
• Trawex technology has more than 6 years of experience delivering total start to
finish travel technology arrangements and online travel ERP inventory management
for travel organizations to complete in the regularly developing advanced world.
• Our online travel reservation and the board stage incorporate travel inventory
combination by API, contracted rate passage, redistribution of travel benefits
through API, a client and travel agent booking engine, and a protected mid-office to
oversee activities, accounting and sales.

20. Complete software integration:
• Since a travel ERP is contained inside a single suite, numerous product
applications can be encouraged into that suite whereby agents and other key
players in the worth chain can access, offer, and coordination important data, for
example, valuing, item accessibility, and that's just the beginning.
• This not just assists break with bringing down correspondence storehouses
between those at different touch points in the worth chain, yet it likewise builds
visibility into a travel agent's whole supply circumstance - which providers can
give which products and services at which value time when time.
• This upgraded visibility at that point enables agents to all the more likely position
the correct idea at the opportune time to the correct client to drive deals and
advance hearty development.

21. • The capability to align multiple software applications in one ERP suite is thus a core
driver in helping agents remain competitive and agile, both of which are key
requirements for the present traveler when working with a travel agent.
• Regardless of whether a travel agent is looking for more financial effective
methods for overseeing customer and provider connections or utilizing a lot of
information into a progressively powerful stage for positioning a product or service
to a specific market or client.
• The travel ERP arrangements are center drivers in helping them stay a solid,
significant part of the present travel industry.
• Seeing how a travel ERP arrangement can work as an upper hand can and should
be a top need for operators as they scan for and find new strategies for
streamlining forms and expanding profitability in a mind-boggling, worldwide
condition.

22. • Over more than 5 years, Trawex has given different customers in the online travel
business with driving edge travel software solutions, travel mobile applications
and responsive internet booking sites for movement.
• We expand our travel technology services with solid after-deals backing and
preparing to give travel experts every one of the aptitudes they have to take
advantage of the online travel system.
• We also provide travel software training for your staff, to be better as a team. Our
online travel booking system is a solid and versatile answer for improved
effectiveness and fast development for online travel organizations.
• If you are looking for an Online Travel Reservation System, find out more about
the Trawex ERP system and request a demo at our website or get in touch with us.

23. CONTACT US:
For more details, please visit our website:
https://www.trawex.com/erp-inventory-management.php
Email id : contact@trawex.com
Phone No : 91485 87111