Features of Inventory Management System
What is an inventory management system? An inventory management system is a tool that allows you to track products as they move through your supply chain. It optimizes the entire spectrum, from order placement with your vendor to order delivery to your customer, mapping the entire product journey. Features of inventory management software The software you choose should include all the features required for effective inventory management operations. Barcode scanning : Inventory management software integrates with barcode scanners for instant product identification and labeling, allowing you to easily identify and track your products. Inventory optimization : Inventory optimization means keeping just the right amount of inventory on hand for each product, without overstocking or understocking. It's especially helpful if you sell products that have seasonal demand fluctuations. Stock notifications : Receive alerts and notifications when stock levels exceed a predefined ...