Inventory Management Software

Why Inventory Management is Important?

A comprehensive inventory management system is important for a company to maintain a centralized record of every asset and item in control of the organization in order to provide accurate records of every item, supplier information, stock available quantities, Item specifications, and inventory movements. Due to the reason of an Inventory often consists of movable assets, companies need to keep records of critical items and current stock levels to understand fast moving, slow-moving items and manage the expire dates of the items within the inventory.

Afisol Inventory Management Software

Afisol Inventory Management System track the real time movement of the inventory stocks of the organization. System handles raw material receiving, supplier returns, material requests, raw material issuing for production, track returns and create Material Requisitions. In case of stock imbalances, system facilitate for stock adjustments and inventory counting. After completion of the production, organizations can manage the inventory of ready to sell finish goods of the company. System enables to set up bin locations with racks, stacks and shelves and manage order wise inventories. System records the finish goods IN and OUT, issue to repacking, goods issuing and dispatch. Managers are able to monitor order wise inventory, valuation, Inventory aging and expire dates to have real time overview of the inventories for accurate management decisions towards income generation. According to the requirements, inventory handling methodologies such as First in First Out, Last in First Out methods can be implemented. Further system facilitate with Barcode and QR codes integrations, PDA scanning and automated scanning devices such as RFID.

Benefits of an Inventory Management Software?

  • Better invested cash improves cash flow
  • Reduction in storage costs (overhead)
  • Reduced labor costs
  • Easy to reorder
  • Theft and loss reduction
  • Better organization
  • Accurate Reports enhance transparency
  • Improved supplier, vendor, and partner relationships