Inventory management system, or inventory management software is an open source ERP software widely advocated in the industry sector for its smooth administrative function right from tracking the inventory levels, pulling maximum sales and orders, timely deliveries and much more to the list. The highlighting segment of Inventory management system is that it is multi-tasking. The utility factor of this particular ERP Module is not only confined to inventory deals but also proved its efficiency in managing within the manufacturing industry. Among the manufacturing industry, it is used for creating a bill of materials, work-order as well as miscellaneous documents pertaining to production activities.
Let’s take a glance at Inventory Management Software and its expanded range of possibilities to take your business to the next level.
The web-based inventory management system
Being Web-based, the properties leads to its efficiency in the controlling and coordination of business units. Online inventory management seamlessly keeps track of the incoming and outgoing inventory in your small medium enterprises.
Asset management software
Inventory management software became an indispensable tool in business at a very short period. The software efficiently manages the inventory level by avoiding overstock and outages of their products. It helps in data organizing by taking the necessary details stored via different forms like manual entry, hard copy, or the spreadsheets. It also serves as a distribution software.
Warehouse Management Opensource software (wms)
With this property, one can control the processing time by automating the transactions thereby achieving traceability and transparency of all business operations.
Double Entry Warehouse Management System (wms)
Better organize your warehouse with the smart double entry inventory system as it ensures with efficient stocking method and improved internal operations. This Odoo inventory management tool is not about consumption, loss or product missing. It is all about products getting transferred from one location to other.
In nutshell, an inventory management system is clubbed with multi-utilities like cost savings, increase in work efficiency, regular updating over data, insight to the latest trends and needs, efficient and improved stock management to centralized control and management.
Do not wait for more, get your inventory management software downloaded and installed from Odoo App stores.