Features You Must Look for in an Inventory Management Software

Retailers are often caught in an unfortunate dilemma because it seems to be working well, so they refuse to update their "verified" inventory management system. However, even if it runs smoothly, outdated systems often fail to support the most basic functions provided by modern RFID systems. By sticking to methods such as manual inventory or older barcode systems, your efficiency may be reduced, and you may lose various efficiency-improving advantages, thereby reducing the overall profit of your business.

Whether you operate physical stores, e-commerce sites, supermarkets or logistics companies, inventory management software is essential. This will provide you with insights on all aspects of the product, and in some cases, will also help you better understand your customers.

Seamless ERP integration

Whether you operate a physical store, e-commerce platform, pharmacy or Logistics Company, an inventory management system is essential. It can make you understand all aspects of the product and in some cases can help you better understand customers.

Inventory Optimization

Maintain an appropriate amount of inventory for each material without any items being over stocked or under stocked. This feature is especially useful when dealing with products whose seasonal demand rises and falls.

Automatic Stock Replenishment

Are the key ingredients or materials low? You do n’t want to wait to find that you missed a transaction. Some inventory management systems can be set up to automatically restore inventory when the inventory falls below a certain level.

Mobile Access

Employees travel abroad in this technology-driven world, have flexible working hours, and need instant access to data in warehouses, meetings, and conferences. The ideal warehouse management system has a mobile friendly interface that can be accessed by portable computers. It allows managers to set permissions, view purchase orders, raw materials, finished goods lists, and track ongoing inventory.

Stock flow

Selecting and distributing things that require proper preparation and guidance is a repetitive and confusing task. The receipt indicates the warehouse status related to the purchase order, storage, delivery or receipt of other goods. In order for the appropriate department to handle it, it is important for companies to maintain records and purchase product lists.

User Friendly

It should be easy to browse user-friendly inventory management software, load information quickly, and keep it simple and clear, that is, it does not have functions that you do not need.

New user learning will also be included in the process. If you have never used an inventory management system, it may be difficult to start using it.

See what learning tools each system provides. Do they provide videos and guidance to new users? Can you seek help from living people?

Now, for some people, the meaning of user-friendly may not be the same for you. If you like a program, the only sure way is to try it. The good news is that many programs provide a free initial trial version so that you can conduct appropriate experiments.

Reports

Display sales history in the form of a list of your favorite products. This feature can also help you control items in inventory, for example, by offering discounts to control items that do not reach the expected sales level.

Looking for inventory management and GST billing software? eBillPro is one of the best GST billing software with 5000 Plus clients in Punjab and all over India. Use eBillPro to take your business to next level.