Sales and Inventory Management System
The term ‘sales and inventory system’ is a software-based business solution which is used to
simultaneously track sales activity in addition to inventory. Trade resellers as well as
manufacturers can gain advantages from this solution. Sales and inventory system minimize the
time consuming, paper record-keeping, and error-prone excel sheet. This system auto
generates all relevant records once a transaction is done updating stocks, customer and
suppliers ac and receivables or payables.
Contact management(customer and suppliers) Contact management records the details of
named individuals for both customers and suppliers and also allows unlimited individual
contacts that can be standalone or linked to customers, suppliers, and in some cases both. It
keeps critical information on all your contacts, enabling greater professionalism in your business
conversations.
Following are the features of this system:
Product management (product, category, brand, unit)
Product management is typically for business that is building products or technology for
customers or internal use.it is also responsible for the strategy, road map and feature,
category, brand, unit definition for the product line. The position may include forecasting,
marketing, and profits and loss responsibilities.
Sales (billing / invoice / offline sale)
This system works as a sales software that automates your business.it makes
purchasing, inventory, pay, means, expenses, and customer management easy, along
with billing, invoicing, and offline sale.
Stock (stock out notification / edit stock)
This system allows customers to subscribe and receive notifications on price and
inventory updates and helps to grab more information on subscribers' preferences and
demands by activating stock, tracking users behaviors with an analytics dashboard,
notifying customers, and guest visitors, keeping admin forward about low stock and so
on.
Purchase and inventory
This software helps to control the procurement process from purchase requests,
issuance of purchase orders, receiving of goods, and voucher creation. It is not only for
the procurement department but across the entire business including purchase
requisitions, supplier approvals, P.O. approval, and facilitate for tracking of purchase at
any point in the cycle and minimize the time required to execute procurement tasks.
Customer management
This system helps to maintain good customer service management with the easy access
to data where you can match the right order to the right customers and provide accurate
information regarding inventory stock levels .
Suppliers management
This system helps in the identification, selection, and management of relevant suppliers
coupled with the practical evaluation of their performance to ensure that they providing
maximum value for the business’s third- party requirements.
Reports (Sales, purchase, customer, profit, loss)
This system maintains the accurate, up to date reports of sales, purchase, and will allow
to discovertrends, identify weaknesses and strengths and fill gaps and
inefficiencies.using such, you can step up to grow profitability by eliminating wasted time
and resources.
Discount management
This system follows the tactics to grab client attention by offering discounts at the right
time at the right situation to attract the client's attention which lead not only increase the
sales but also to improves customer relationships and boosts business reputation.
Category Management
You can manage categories of your products. Adding category and edit category has
made it very easy for the users. You can manage the categories as you need as your
product yourself. By managing products category wise will help you to manage large
number of products easily and effectively.
User and role
Sales and inventory management has grant access to different functions of different
users privileges for their roles, which apply the roles to specific assets, networks, or
other objects and also facilitate for adding user, deleting user, viewing user details,
adding a directory server, configuring a notification profile, deleting a notification profile
and so on.
This system allows to track of the business inventory and offers a centralized view of stock,
controls business costs by making stock reports for the analysis of business inventory, improve
business delivery by managing out stock-outs and meeting customer exceptions, manages
planning and forecasting by analyzing data trends, reduce the time for managing inventory by
keeping record s in place. If you want your business to grow rapidly with efficient and effective management
then choose this system.To
achieve efficiency and productivity in operations.
Minimize inventory costs and maximize sales & profits, Integrate your entire business,
automation of manual tasks, maintain customer happiness etc are the advantages of this
system.
There Are so many ways to grow your business but for product-based business, all you need is
sales and inventory management system. Must of us have experienced a lot of trouble in
managing inventory manually, this sales and inventory management system automates
techniques to automate the manufacturing inventory process from purchases to sales help my
business and other functions /facilities of this system helps to provide accurate tracking of
inventory, valuable forecasting capabilities. Techniques like Just-In-Time, Build-to-order, or
Accurate Response can be implemented via an electronic inventory system and stock levels
can be tracked and adjusted in real-time. The use of such functions is imperative for a business
to grow and survive such functions is imperative for a business to grow and survive. Earlier,
businesses would have to conclude separate record-keeping processes for the income in
addition to the inventory change. With a sales and inventory management solution, each factor
is well coordinated with a single entry in the software program.