Inventory management system-software company-companies in chennai

Inventory Management System

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Excelanto Cloud Systems PVT LTD Inventory management software is a computer-based system for tracking inventory levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets. It is often associated with and is similar to distribution software.

Inventory Management Software

Maintenance of stock is a critical task as it has accounting implication as well. Stocks are maintained in different locations in stores. There can be multiple stores with unique identification. System allows the user to easily look up stock items in any store and also know stock position. Individual items are defined with unit price and re order information. Alert is issued, as e mail, to the concerned should net stock quantity fall below re order levels. Vendor data is maintained and details of items supplied by them are also kept in the system. Requisitions are authorized by privileged users.