BEST INVENTORY MANAGEMENT SOFTWARE
Inventory or stock is the goods or material that a business holds for its ultimate goal of resale. Inventory Management is the management of Inventory or stock. Inventory is classified into raw material, work in process, finished goods and MRO goods.
Inventory Mangement is the process of ordering, storing and using a company’s inventory.
BENEFITS OF INVENTORY MANAGEMENT
1.Increase in Sales
A Company that manages its inventory effectively definitely sees a 2-10% increase in its sales.
2.Increased Information Transparency
Know when items are received, picked, packed, shipped, kitted, manufactured, etc. Also, know when you need to order more, when you’re over-stocked, or under-stocked.. Reduces pilferage of stock.
Effective inventory management practices help result in decreased inventory write-offs, plus lower inventory holding costs. Carrying extra inventory can be very costly for your firm
Stay steps ahead of the game and always have the right amount of products on hand by making decisions based on inventory trends.
5.A good inventory management strategy helps save time and money.
Inventory management can have real-time and monetary benefits. By keeping track of which products you have on-hand or ordered, you save yourself the effort of having to do an inventory recount to ensure your records are accurate. A good inventory management strategy also helps you save money that could otherwise be wasted on slow-moving products.
6.A good inventory management strategy increases efficiency and productivity.
Inventory management devices, such as barcode scanners and inventory management software, can help drastically improve your efficiency and productivity. These devices will help eliminate manual processes so your employees can focus on other – more important – areas of the business.
7.A good inventory management strategy keeps your customers coming back for more.
It’s a fact that good inventory management leads to what you are constantly striving for – repeat customers. If you want your hard-earned customers to come back for your products and services, you need to be able to meet customer demand quickly. Inventory management helps you meet this demand by allowing you to have the right products on-hand as soon as your customers need them.
8.A good inventory management strategy improves the accuracy of inventory orders.
Proper inventory management helps you figure out exactly how much inventory you need to have on-hand. This will help prevent product shortages and allow you to keep just enough inventory without having too much in the warehouse
9.A good inventory management strategy leads to a more organized warehouse.
A good inventory management strategy supports an organized warehouse. If your warehouse is not organized, you will have a hard time managing your inventory. Many companies choose to optimize their warehouses by putting the highest selling products together and in easily accessible places in the warehouse. This, in turn, helps speed up the order fulfillment process and keeps customers happy.
Manage your inventory with ease by optimizing your warehouse, tracking inventory levels and preventing shortage of products. Reach software suits all types of business, Manufacturing, trade or service.
Receive job orders or Sales orders and convert them to Invoices once ready
The production process can be managed completely. Purchase approvals and purchase of raw materials. Raw material conversions and extract Finished goods reports
Godown Management,Raw materials,Packing Materials,Work-in-Progress,Finished Goods,Miscellaneous Stock, Stock-pointwise management
Point of Sale
Touch and Keyboard Billing counters. Works even when the Internet connection is cut. Separate Cash and delivery counters.
Lots and Barcode Management
Create Lots/ Batches, Auto-generate codes and print barcode labels. Read them automatically using a barcode scanner\
Income & Expense Grouping, Accounting Ledgers, Tax Heading Creations & Operations, Bank & Cash Creation & Operations,AssetLiability Creation & Operations,Income & Expense Recording,Journal Entries & Contra Transactions,etc
Create Invoices with your own branding or choose from over 20 templates (includes contractor Invoices). Generate Invoices or convert quotes to Invoices. Automatically convert invoices raised in foreign currency to INR. Raise recurring Invoices. Email, print or extract Invoices to pdf. Get reminded every time an Invoice is due. Send reminder sms or emails.
Create multiple Companies and give an option to manage each of them individually from the comfort of your smart phone
Access across tabs, iPads, iPhones and android phones, pick photos of expense vouchers and attach to expenses, raise invoices, check cash and bank balances, daily profitability and other key reports on phone.
Create multiple Branch and give an option to manage each of them individually business by the Owner.
Bank – Synchronization
You can sync bank statements by uploading the excel files of Bank statements into the software
Reach software gives you the flexibility of getting reports at anytime of the day. Reach software helps to maintain stock control, billing system and, accounting.
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