The stock of goods and materials that a business clutches for the purpose of resale is called inventory. Management of that inventory is the most important task of manufacturing companies and all other companies. Inventory management is about maintaining the level and size of stocked goods. The amount of stock will be differed by various reasons such as seasonal demand, available space, money, facility and so on. Every company has some reasons to maintain inventory such as time, seasonal demand, uncertainty of demand, economics of scale, appreciation in value.
Every business should maintain buffer stock or safety stock which is maintained to avoid stockout situations. Demand are uncertain in some situations. And it should be maintained to run sales even in festival seasons at when the demand will be higher rather normal days. There are certain levels of inventory such as raw materials, work in progress, finished goods, goods for resale, stocks in transit, maintenance supply and more.
Inventory management can be done effectively to avoid stock out with the help of ERP software. Your business will run without any interruption with inventory management software developed by Svasamsoft. That software will track inventory levels, orders, sales and deliveries. The uniqueness of inventory management software is order management. Once the inventory reaches the margin level, the software intimates particular officer to reorder or it automatically posts order to the supplier. Everything you need to manage inventory is possible with inventory management software.
Avoid missing of sales and lead a successful business with Inventory Management Software.