Inventory Management System

Inventory management systems are crucial for businesses to efficiently track, manage, and optimize their inventory levels.

Inventory Tracking: Real-time tracking of inventory levels, including quantities on hand, stock movements (e.g., sales, purchases, transfers), and stock locations (e.g., warehouses, shelves).

Stock Alerts and Notifications: Automated alerts and notifications for low stock levels, stockouts, or overstock situations, allowing businesses to take timely action to replenish inventory or adjust ordering.

Order Management: Tools for managing purchase orders, sales orders, and order fulfillment processes. This includes order creation, order tracking, order status updates, and order fulfillment optimization.

Inventory Cost Tracking: Tracking and reporting of inventory costs, including purchase costs, carrying costs, holding costs, and inventory valuation methods (e.g., FIFO, LIFO, average cost).