Manage n-Number of heirarchical Grouping for best report presentation, Readability and filters
Manage sub details like color, size etc through sub detail attributes. This would keep your reports clean and insightful.
Classify Items through multiple properties, Generate reports based on the specification
Track inventory at every warehouse along with consolidated and standalone reports. Maintain stock in and stock out between warehouses.
Manage actual cost of product with overloading of direct expenses like transportation, Custom duty etc. Generate Real time valuation in LIFO, FIFO, average methods.
Track all movements of every piece of your valuable stock through IMEI No / Serial No
Manage multiple sales and purchase price lists by customer/vendor and automate your inventory movement for rates
Track every Item in two units i.e. Packing unit and Stock unit like Bags/Kgs, Packs/Nos with item specific conversion factor
Track every movement, from store to store, warehouse to warehouse, production floor to production floor
Simplify your GST throgh HSN/SAC based Tax automation
Generate/manage vendor provided barcodes for seamless mapping
Inventory management software typically includes forecasting and replenishment modules. Forecasting helps you balance target service level or expected demand with inventories kept in stock and incoming supplies. Replenishment helps determine the safety stock levels that are needed at points along the distribution chain to satisfy orders at a given fill rate. A subset known as inventory optimization software employs complex algorithms to recommend what to stock and in which quantities for meeting demand across the entire supply chain or at a specific location.
Inventory management software is available standalone or in ERP and supply chain management (SCM) suites. However, not all solutions includes inventory optimization and product life-cycle tracking which are key components for successful inventory management.
The broadest definition of the term “inventory management software” would have to include Enterprise Resource Planning (ERP) and Material Requirements Planning (MRP) legacy software that records basic data on inventory. Advanced Planning and Scheduling (APS) tools help manage the raw materials and components used in manufacturing, and Warehouse Management Systems (WMS) have analogous features for warehouse inventory management. Today, the term “inventory management software” denotes a distinct category of specialized tools for collecting and analyzing inventory-related information for planning purposes.
A warehouse management system (WMS) primarily aims to control the movement and storage of materials within a warehouse and process the associated transactions, including shipping, receiving, and fulfillment. It controls and optimizes the movement, storage, and tracking of inventory in and around a warehouse. In contrast, inventory management software optimizes what products to keep in stock and in which quantities. Inventory management systems optimize the safety stock, reordering points and the economic order quantities (EOQ) of inventory to ensure that future demand can be meet according to plan.
Integration, data quality, and training are usually areas that require attention.
Inventory management software must be integrated into existing ERP systems, often at great expense. Evaluate different system provider’s capabilities to integrate or transfer data between your ERP and the inventory management solutions. Often an implementation project takes 3 to 6 month but with BreezeERP, you can get started with a simple Excel import and export data transfer. We have you up and running in days and your business will get value from the system within a week.