Inventory changes constantly. Throughout each day, sales, returns, new receipts – even damage and theft – affect your inventory levels. While daunting, effective inventory management and inventory control are the most important jobs in a successful retail or wholesale business.
Inventory And Purchasing
Inventory & Purchasing
How Inventory & Purchasing works?
Inventory management refers to the process by which you track how many units of each product you have on your warehouse shelf, in store or sitting with other retailers and distributors. This enables you to succeed in having the right products and quantities, in the right place, at the right time and for the right price. When effectively tracking and controlling your inventory, you’ll know how many of each item you have, when you might be running low on products and whether you should replenish that item in order to keep selling it.
Key features includes
- Basic Inventory management.
- Tracking Inventory level.
- Tracking true cost of the products.
- Tracking Orders, Sales & deliveries.
- Accounting integration.
- Inter warehouse transfer.
- Create your own Custom Fields.
- Bar code management.
- Warehouse management.
- Vendor management.
- Creating & Managing Purchase orders
- Managing receivable materials & analyzing purchased items.
- Maintain item quantity.
- Expense management system.
- Purchase order report is on your fingertip.
- Create your own Custom Fields.
- Real time spend visibility.