Inventory Software : Inventory Management is the process of a company's operational tasks to manage the inventory or stocks in its various stages, such as raw materials, semi-finished products to finished products. Not to mention the delivery process up to the very end of the waiting list - the customers. In order to keep up with the supply and demand of the retail world, having the most viable management is undeniably essential.
The importance of having the most appropriate management software is crucial in the business' success in terms of keeping with the dynamism of supply-demand chain. The accuracy and convenience is what makes stock management software crucial to a business. Inventory management refers to the systems and strategies businesses use to ensure that they have adequate supplies of raw materials for production and finished goods for shipment to customers, while also minimizing their inventory carrying costs. Storing excess inventory is costly, because the space and financial resources invested in the goods can often be put to better use elsewhere.
Customer relationship management focuses on strategically significant markets. Not all customers are equally important. Building relationships with customers that will provide little value could result in a loss of time, staff and financial resources. CRM is a shift from traditional marketing as it focuses on the retention of customers in addition to the acquisition of new customers. The expression CRM is becoming standard terminology, replacing what is widely perceived to be a misleadingly narrow term, relationship marketing.
Features
- Consumed and leftover inventory stocks
- Tracking of material and deliveries.
- Manual requirement generation for orders.
- Wastage levels those are monitored.
- Inventory valuation techniques.
- Judgment-based(BOM)order quantity
- calculations and material consolidations
- Inaccurate trail of stock count.
- In-effective manual controls for ensure.
- Inaccurate stock valuation