As a part of supply chain, inventory management includes aspects such as controlling and overseeing purchases — from suppliers as well as customers — maintaining the storage of stock, controlling the amount of product for sale, and order fulfilment.
Naturally, company’s precise inventory management meaning will vary based on the types of products you sell and the channels you sell them through. But as long as those basic ingredients are present, you’ll have a solid foundation to build upon.
Benefits and FeaturesBenefits
Maintain just the right amount of inventory for each product, without over- or under-stocking any item
Receive alerts and notifications when there’s over- or under-stocking beyond a defined threshold
Manage multiple warehouses and point-of-sale (POS). All locations can be integrated into a single inventory management system
Car Parking Billing
The system is capable of handling all car parking billing transactions.
Enables you to manage items in your inventory that have not reached the sales levels you expected, for example, by offering discounts on them
Purchase order records
Easily identify which products are in demand, both perpetually and seasonally, and prepare to meet your customers’ needs