Must have features of Inventory Management System | Cloud Based Inventory Software India

Home » Blog Details
Features of Inventory Management Software

Features of Inventory Management Software

Inventory Management Software is a cloud-based solution that simplifies the tracking cycle from purchases to sales, providing efficient management across the supply chain.
Here are the essential features of a comprehensive warehouse management software:

Item Listing:
  • Streamline stock by categorizing items based on availability, cost, etc. 
  • Enable systematic management of items with essential details.
Raw Material Tracking:
  • Track available raw materials and estimate future production demand.
  • Prevent unnecessary stockpiling and reduce costs associated with excess inventory.
Asset Tracking:
  • Utilize barcode, serial number, and tracking number systems to monitor warehouse products accurately.
Account Evaluation:
  • Utilize tools such as cost layering, measurements, overhead allocations, and disclosures.
  • Ensure accurate estimation and calculation of stocks while maintaining expense control.
Auto Refilling of Stock:
  • Automatically generate messages and reorder required items before stock depletion.
  • Optimize inventory levels for regularly used items, reducing stockouts and improving efficiency.
Barcode Scanning:
  • Facilitate electronic data exchange through scanners and mobile devices, improving accuracy and speed.
Multi-Warehouse Management:
  • Consolidate inventory tracking across multiple warehouses into a single software solution.
  • Simplify manual labor and effectively manage inventory at all locations.
Serial Number Tracking:
  • Easily track product location and availability through serial numbers, from receipt to delivery.
Alerts Module:
  • Receive real-time notifications for critical events, such as low stock levels or factory emergencies.
  • Enhance proactive management and minimize operational disruptions.

    Other than the above, depending on requiremnts of the industry there could be additional features that can enhance the inventory management software,like :
Demand Forecasting:
  • Utilize historical data and statistical algorithms to predict future demand accurately.
  • Optimize inventory levels and reduce stockouts or overstocking.
Reporting and Analytics:
  • Generate comprehensive reports and gain actionable insights into inventory performance.
  • Analyze trends, identify bottlenecks, and make informed business decisions.
Integration with Suppliers:
  • Establish seamless communication channels with suppliers for automated order placement and updates.
  • Streamline procurement processes and reduce manual intervention.
Returns and Exchanges Management:
  • Manage and track product returns, exchanges, and warranties efficiently.
  • Streamline the handling of customer requests and improve customer satisfaction.
Mobile Access:
  • Provide mobile compatibility for on-the-go access to inventory information and management.
  • Enable remote tracking and real-time updates.
Integration with E-commerce Platforms:
  • Connect with popular e-commerce platforms to synchronize inventory levels and automate order processing.
  • Enhance accuracy and efficiency in managing online sales channels.
At our cloud software development company in Punjab,India; these additional features can be tailored based on specific business requirements. Read more -

Factory management software / Manufacturing business CRM Software

Must Read

Benefits of a custom build CMS
Our cloud based Software development company in Delhi | Mohali has been serving clients from...
Simple Humble Ways to Retain Your Clients
There is no second thought to how important it is to retain your customer and maintain healthy work...
About Rss
RSS stands for Really Simple Syndication or Rich Site Summary; syndicating means republishing an...
Guest Blogging Benefits to your SEO
Guest blogging is basically a two way process benefitting the author as well as the website where...
Web 2 0
Web2.0 designs are something we call "ITS IN" but what is it exactly. There is no fixed...
Contact Us
Let's Talk .
We do what we love and so we love what we do and we do exactly what you need !

DROP US A LINE

Copyright © 2003-2019 MegaSoftwares - Web Design, Website Development and Web Marketing Agency in India
Go Top