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Features of Inventory Management System

AgES Inventory Management controls stock moment effectively by systematic planning and procurement processes. It increases visibility in the stock across the functional areas and business locations. Manages the complete procure-to-pay process and supports a wide range of basic and complex activities.

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Features of Inventory Management System

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  1. Inventory Management System BY Agaraminfotech.com

  2. Inventory management System • Topics: • Introduction of Inventory Management System • Features of Inventory Management System • Order Management • Asset Tracking • Service Management • Inventory Optimization

  3. Introduction of Inventory Management System • Inventory management is the art of managing the inventory in an • organization. • And a software which is a computer-based system is used to serve • this purpose. • This inventory management software helps the user in tracking inventory  • Levels in the organization. • This inventory management system or software is generally used by • many companies and it helps in avoiding overstock and shortage of • inventories.

  4. Features of Inventory Management System • Comprised of many components, the inventory management system • makes handling the inventories an easy and simpler task. • Owing to the inventory management services, the overall efficiency • and Productivity of the business improves. • It is essential to use such kinds of inventory software for the business as • they handle the regular tasks.

  5. Order Management • With the help of a proper and effective  inventory system, an adequate • amount of inventory can be maintained at all times. • The system raises an alarm in the case where the inventory drops down • a specific threshold limit or exceeds over and above the prescribed limit. • In both the conditions, due steps are taken and the needful is done.

  6. Asset Tracking • Tracking of the asset is yet another feature of asset management. • In the case where there is a requirement of a specific product/ • raw material and it is not easily traceable with the naked eye or is • stored in the warehouse. • Then in that case measures are taken and the location of the same • is identified using the software. • The identification in such a case can be made through serial number, • barcode etc.

  7. Service Management • In the case of companies which deal primarily into the service industry, • this kind of management system helps in tracking the cost of the • materials which are used for providing services. • It includes the cost of cleaning, supplies etc. • This in turn helps in attaching the cost to the total cost of the services.

  8. Inventory Optimization • An inventory management methods helps a great deal in optimizing • the inventory. It helps in deciding the reorder point for a manufacturing • Process. • when should the fresh order for inventory be placed along with the • Appropriate quantity of inventory.

  9. Contact Us: www.agaraminfotech.com Email: info@agaraminfotech.com Call us: (+91) 978 983 3607

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