Download Project Document/Synopsis
The inventory management ensures that the company always has the required materials and products in hand while keeping the cost as low as possible. Inventory Management refers to the process of supervising and controlling the stock items of a company. Typically, Inventory Management Systems are used by firms that either sell a product or manufacture a product for the purpose of accounting all the tangible goods that allow for a sale of a finished product, or parts for making a product. This inventory management system can be used to store the details of the inventory, update the inventory based on the sale details, generate receipts for sales, generate sales and inventory reports periodically. This inventory management software has one module, Admin. Admin has the authority to add, update and delete an inventory. This inventory management software also has its own intelligently managed support system. This intelligent support system allows admin to view and manage various inventories.
Advantages
- Achieve efficiency and productivity in operations.
- Minimise inventory costs and maximize sales & profits.
- Integrate entire business.
- Automation of manual tasks.
Disadvantages
- Requires an active internet connection.