Inventory management is required and performed as a practice for overseeing and controlling the usage, storage, and ordering of assets. It decides the supply chain health as well as the financial health of the balance sheet. Inefficient Inventory management can paralyse the whole system and processes and thus may have a bad impact on your business. Adopting a powerful inventory management system can help you view, manage and control your inventory system which will help in smooth operations of your business.
What exactly does ‘inventory’ means?
It is an idle stock of items and goods holding an economic value, waiting for its processing, packaging, use or sale in future. Any kind of organization or business that operates in manufacturing, production, trading, services, and sale of a product, will definitely store a stock of various resources to facilitate future operations and sales.
Why is inventory management the backbone of any business?
Organisations believe in inventory management as it has various advantages. The inventory health of any business is important for smooth operations of businesses. All types of stocks (raw materials, intermediate goods as well as finished goods) needs to be managed and controlled to ensure that any kind of good is available when required and is stored in a proper and secure environment to prevent from theft or loss.
To better manage the inventory, technology has come to the rescue. Adopting a smart inventory management tool will help in removing inaccuracies and improving the operations of the business. A quality inventory management software is the best B2B solution.
A smart standalone Inventory Management Tool developed by Krify
Our team at Krify is dedicated to developing powerful software solutions that would facilitate effective operations for many businesses. Our clients are choosing it and referring it as one of the top inventory management tools to manage supply, track and control orders and stock. Following are some of the salient features of the inventory management application for desktops:
- Warehouse based Stock Management System / Application
- GST enabled Inventory Application
- Monthly GST calculator with GST reports
- Offline stock and warehouse management system
- Standalone stock sales system
- Auto product pricing with pricing intelligence powered algorithm
- Barcode Generation system for easy identification and labeling of products
- Processes like sales orders, purchase orders, material transfers, material receipts, invoicing, shipping, LR (lorry) tracking and management, warehouse reports, product management, supplier management, customer details management.
For effective business operations choose an efficient inventory management system or accounting system for small businesses. Choose a right inventory management software system for your business needs.
Contact us today for the free demo of our inventory management software. We will provide you the complete inventory management solution that would improve the efficiency in tracking and managing your inventories. Talk to our experts to get the customised inventory management software solution for your business.