What is an inventory management software?
All businesses need to track, manage and organize product sales, material purchases and other processes involved in the production process. Tracking them by keeping hard copy records is a tedious process and is also not so reliable these days. To make the work easier, today many software companies have introduced an inventory management software to keep track of all these things digitally. All you need to do is enter the your purchases and sales and other inventory record and then track them in no time. Saving a lot of time, hence it increases the efficiency of productivity of businesses. Companies can increase their profitability by managing their inventories.
How can an inventory management system be beneficial for a business?
Unchecked and unsupervised inventory management leads to decreased profit. The key areas that leads to increased return of investment for businesses are:
1) Proper Inventory Management like managing stocks, wastage, etc.
2) Saving Space More efficient and organized warehouse.
3) Maximizing labor – increased productivity of the employees.
4) Satisfying customer needs.
5) Reduced wear and tear.
There are many software companies that offer this type of software and one among those is Yashraj Software Pvt. Ltd. The features of Yashraj Inventory Management software are:
1) Manage all kinds of items.
2) Manage all kinds of items including food with BOM
3) Maintain supplier’s rate on items, take internal indents and generates purchase orders accordingly.
4) Record transaction like receipt, department issue, consumption, wastage etc.
5) Handle complete flow starting from indent, authorization, receipt and issue.
6) Complete wastage control.
7) Generate all standard reports stock ledgers, status, issue registers, variance etc.
The best thing about Yashraj Inventory Management Software is that it comes with a wide variety of pre-built modules and you get to select from those the modules that best suits your requirement.