Inventory Management

PLAN AND CONTROL THE STOCKS WITH PROSOFTLY INVENTORY MANAGEMENT SOFTWARE

What is Invetory Management?

We can define inventory management as planning and controlling stocks in order to meet the competitive priorities of an organization. Effective inventory management is essential for any supply chain to perform fully. As a result, it is not difficult to reduce the amount of inventory to keep costs down or to keep too much to meet all demands. And, it is to have the right amount to ensure that the business reaches its competitive priorities most effectively.

Purpose of the Inventory Management

Inventory management includes the control and storage process of the products or assets. We can explain them as the enterprise produces to sell in order to carry out its activities. The purpose of this management is to increase the profit rate of the company. Therefore, it aims to determine the stock level by minimizing inventory costs, maximizing the customer service quality and producing high efficiency production. Additionally, enterprises want to determine the amount of economic inventory suitable for the structure of their businesses. And, also they want to keep it at the same level by taking into account the conditions such as finance, production management, purchasing management. This includes a wide range of control and inspection management, covering the process of procuring raw materials and semi-finished products, loading, unloading, storage of products and shipping of finished products.

 

Inventory Management Across the Enterprise

Stocks require capital investment, and money invested in stock does not allow investing in anything else; therefore, they lead to contractions in the organization's cash flows. Having too many stocks reduces profitability. Additionally, keeping too little inventory creates gaps in the supply chain and ultimately undermines customer confidence. Inventory management therefore includes trade-offs.

 

With Prosoftly Inventory Management Module, balance the items that should be available to meet your business needs and check your plans and organizations made by your business.

Why Inventory Management?

Correct Inventory Management Software should be the goal of businesses to control their life cycle, to ensure their continuity, to benefit from maximum inventory with minimum expenditure and to reduce expenses and to make a profit.

Within the scope of Inventory Management, it is the basis of Inventory Management to provide maximum benefit with the optimum manpower. And, this is a result of the analysis of inventory life cycle processes within the organization with expert consultants and automation of Inventory Management through the right inventory application software.

 

Centralized Storage
Stock Control
Increased Efficiency
Improved Productivity
Minimized Costs

Why Does Your Company Need an Inventory Management System?

With a flawless warehouse and stock management, you can provide reliable information for planning to your business and help you improve all your processes from production to shipment. In this way, your hand will be stronger in the competition. Moreover, miscalculated inventory costs or inventory losses are annoying for every business. In addition to factors such as the location of the warehouse, shelf and barcode systems, inventory management, an online inventory management program that you use is also important for effective stock management.

 

An Effective Inventory Management

It ensures the continuity of the production process

Inventory management helps manufacturing continue on a regular basis. Thanks to the stock management, there is no material deficiency and production is not interrupted. Thus, be prepared for increasing demands.

 

It increases the quality of the service provided to the customer

It offers the customer the chance to send products without having to wait for production. It saves time and increases customer satisfaction.

 

It reduces costs

Thanks to stock management, raw materials and products with high demand are supplied in larger quantities. In this way, supply and logistics costs are reduced, and the sales process is more regular. At the same time, cost accounting is easier.

 

Reduces product loss

Thanks to a successful stock tracking, the company keeps the materials, raw materials or products under control. Losses are reduced to a minimum.

It prevents being affected by price fluctuation

It enables the company to secure itself against possible increases in certain raw material and product prices.

Start INVENTORY MANAGEMENT SOFTWARE and Measure What Matters