Inventory management software
The essential points to know before setting up an inventory management software
Inventory management software: what is it?
Inventory management software allows you to manage the inventory of products held by a company in real time and to control the entry and exit of goods.
The primary objective of inventory management software is to optimize merchandise volumes to minimize costs without ever having the risk of out-of-stock condition.
All companies should ensure that their inventories are well managed because proper inventory management can increase sales.
What must an inventory management software do?
Today, inventory management software must be flexible, mobile and modern to facilitate its internal use and adoption by users within the company.
The software must be able to perform a double entry inventory to facilitate traceability.
Good inventory management software must be able to meet the company's basic needs and must therefore manage delivery notes, adjust inventory, help organize warehouses with multiple locations, manage receipts, scrap and inventory transfers, and packaging.
A good inventory management software must be able to increase the company's productivity by offering the implementation of a customer portal (to track orders, invoices), an accurate activity log and comprehensive reporting tools.
What criteria to check before choosing inventory management software?
There are many stock management software products on the market, so it is important to define what type of software a company needs, and what features are essential for it.
First of all, it is necessary to consider whether the software is integrated software or whether it will be necessary to create bridges between the inventory management software and the rest of the company's information system.
Then it is necessary to verify that the software has a great capacity of adaptation, i.e. that the software can be easily integrated into the company, that it is customizable to the needs and the business of the company.
Finally, it is necessary to ensure that the software chosen allows to improve the company's performance and processing time.
How to set up inventory management software?
It is interesting to use a software integrator before choosing your inventory management software. Indeed, the latter will be able to advise the company on the choice of software and will also be able to assist the company in the implementation, deployment, customization and configuration of the inventory management software.
You want to be advised on the choice of inventory management software?
Talk to our business software experts for more information on setting up and choosing business management software.