What is Inventory Management Software/Stock Management Software?
The fundamental Function of stock & inventory management is to allow organizations to track, store, sort and organize their stock levels. Stock management system Facilitates the logistical management of stock and items and can enhance processes related to ordering, transportation, storing, assembly, dispatching and delivery.
Also called a inventory control system, it could be utilized across commercial enterprises from production to sales by manufacturers, wholesalers and retailers. Characteristics of these products consider more effective recording and maintenance of stock levels, quality control, sorting by distinctive item types, tracking the last shipment of products and organizing recurring requests.
Inventory Management Software can help organizations to avoid problems, for example, over-ordering and over stockpiling expenses. They can help to ensure raw materials are constantly in stock software, monitor how much time a product stay at different areas, and follow product transportation.
Stock management system are gainful to organizations who deal with huge amounts of items, allowing them to focus their efforts on enhancing and analyzing different regions of the business. It is so helpful for small entrepreneurs and retailers who need a clearer review and more control over their product flow.
Features of Inventory Management/Stock Management Software
Inventory management software helps a lot in streamlining the operations and goes beyond in house inventories. Nowadays, they help you to track whether the products have reached your customers and even give you an idea of what items are selling more than the other. Here is a rundown on the essential features seen in inventory system:
Ease of use: Inventory software free is easy to install and is configured well on your operating system. With step by step instructions the software gets installed in jiffy.
Compatibility: Most inventory control system is compatible to the Windows operating system which most of the companies use. This makes it the most preferred software for commercial as well as non-commercial small and medium based businesses.
Data Storage: The software keeps storing the data over a period of time. This means that you just have to keep adding the essential items in the list without worrying about losing the previous data.
Ease of Access: The best part about the inventory software is the accessibility. Your employees also can use the software without any interference.
Customization: Inventory software solutions allow you to create prints of the data and even customize these prints according to your needs. Multiple prints of the same data in different manner are also possible.
Excel is now outdated: Excel doesn’t help in tracking the inventory since it has to be created manually. This makes the software a good choice that allows automation of the entire inventory process.
Integration: Certain accounting software is integrated with the inventory software free. This helps the businesses to enable their financial and inventory process smoothly administered.
Mobile Accessibility:Certain free inventory software system is available on the mobile too. They are made on responsive design platform. This means that these software are designed to be used on PCs, Tablets and Mobiles.
Security:Inventory management system for small business comes in different users’ accessibility. As a business head you can assign roles as to how much access your employees or team members have to the inventory data. This compartmentalizes the editing or inputs of each of the employee in accordance to their work.