The objective of inventory management system is to provide uninterrupted production, sales, and/or customer-service levels at the minimum cost.
The inventory management system strategy that companies use when they store a large amount of inventory because they are likely to run out of stock.
Companies that use this strategy have higher costs initially, but it cuts down the number of lost sales that happen when there is not enough inventories.
The inventory management system includes the following module:
This module menu gives you quick links to various aspects of Inventory Manager related to your product list, prices, and current inventory levels.
1. Reorder Stock.
2. Count Stock.
3. Transfer stock.
4. Adjust stock.
5. Add New Product.
The Purchasing homepage gives you quick links to various aspects of this system manager related to placing purchase orders to your vendors, receiving.
Shipments or vendor information:
1. Latest Order.
2. Receive Stock.
3. Pay order.
4. Add New Vendor.
The Sales module gives you quick links to various aspects of this system manager related to taking and processing customer orders or customer information.
1. Latest Quote.
2. New Order.
3. Process Orders.
4. Invoice Orders.
6. New Customer.
This system Manager has a variety of reports that you can use to gather, print out and share information about sales trends, payment other aspects of your business.
1. Inventory Reports.
2. Purchase Reports.
C. Sales Reports.