The most important functions of inventory management software are:
Control over the movement of goods - Purchase order, sales order, transfer order, production order etc. Tracking the stock in each store. The stock available in the main store can be transferred automatically to other stores when they run out of stock. Goods receipt note and delivery note is automatically generated on receiving goods or making a sale. Inventory cycle count is automatically done on a regular basis to know the exact stock in hand. Inventory reconciliation is done between physical stock and system stock after every transaction. Stock ageing analysis helps to identify obsolete and slow-moving items. Accounting for inventory is done through a double entry accounting system so that it can be used for financial reporting. Managing inventory by hand results in time-consuming processes and ultimately, more costs for your business. Don't spend hours upon hours managing your inventory when you don't have to. You can't afford to be caught out with a pile of goods taking up valuable space on the shelves, but you need to get in more. Automate your inventory management process with the help of cloud based inventory management software tailored for your specific requirements and minimize the risk of over-ordering or stock outs to keep everything at an optimal level.
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