Inventory Management System: Best Manufacturing ERP Software

Built for Adaptibility Now Introducing Absolute™ Manufacturing

Inventory Management :

Absolute™ Manufacturing As inventory construes of inflow and outflow of items and good in warehouse, so to maintain your inflow from the production need to acquiesce the required outflow generates from sales and marketing department.
You can manage multilevel inventory, with the management of Multi-Warehouses.
Absolute Inventory incorporates the functionality of manufacturing inflow via warehouse to the sales opportunities concludes a smooth running of an industry that fulfils the supply and demand of product at the time of requirement.

To manage the Inventory by using Absolute ERP Software.

Supplier Management :

You can add multiple suppliers with their details & you can fix up the different purchase prices of the different products for individual suppliers.

Stock Procurement :

You can procure Raw Material/ Finished goods stock through the purchase module which is integrated to inventory directly, with help of purchase order & billing.

In bound Quality Check :

After the procurement it will go for the quality check & after approval from the quality check it will enter in the warehouse.

Barcode Generation :

You can generate & print the barcode for every single product (raw material or finished goods).

Warehouse Entry :

You can enter all the products into the warehouse by screening the barcodes of the products you have generated.

Stock Requisition :

Production department or any other can send requisition of the material to the store as per their requirement of the stock.

Stock Issuance :

After getting the approval from the authorized personnel, store can issue the raw material to the production team.

Inter Warehouse Transfer :

You can make the stock transfer across sister warehouses & it will automatically update the stock in all the warehouses.

Sale :

After making the sale of finished goods from the store, stock of the finished will treduces from the main store.

Stock Balance Reports :

At the end you will get real time updated inventory visibility across all the warehouses.

Benefits of Inventory Management Software

Accurate Inventory: The inventory management software assists to fill orders and tracking orders. Inventory software helps to monitor each product during its production, storage, and sales. Many inventory management system is known for the point-of-sale system, which means they can process payments and sales.
Reduce Cost: The inventory management system helps eliminate extra company costs by preventing overstocking. When a company has an accurate inventory, Manufacturing ERP can assure the sales orders for customers and prevent backorders.
Automation: Absolute Inventory software automates the process to make a smooth certain process. It helps to reduce human errors, minimize labor costs and increased productivity. Automation helps to make the inventory management process more efficient in the long term.
Improved Productivity: Using inventory management may savvy higher production rates. With the help of inventory management software, it helps to address errors so that company can concentrate on higher-quality product production at faster rates.
Organized Warehouse: Software for inventory management helps in to lead an organized fulfillment center. An organized warehouse gives efficient results. The inventory management system is included cost-saving and improved product fulfilment for more business growth.
Improved Customer Experience: An improved customer experience always happens when an organized and accurate inventory system is behind there. Companies may fill customers’ orders rapidly and accurately, which improves customer satisfaction. The level of customer service may improve customers’ trust and loyalty, it will create an amazing brand picture which can lead to increased profits as more customers use your products.
Greater Data-Security: The advanced and best inventory management software allows your user to restrict access to the organization’s inventory. Inventory management system software also makes sure that the company’s internal operations stick around with vendors and service personnel. The focused information serves as a buffer against cyber attacks and helps in troubleshooting.
Greater Data Visibility: Inventory management solutions make the data more secure, which makes it more visible to the organization’s team. Data visibility stands for more informed which helps to take business decisions and save time and money.
Minimize the Blockage of Financial Resources: An inventory management system software helps to minimize the blockage of financial resources. It eliminates the unnecessary collaboration of capital in excess inventories and also increases the liquidity position of the company. With the help of an inventory tracking system, business owners can make quick decisions about the stock lying in the warehouse more wisely.
Better Coordination Between Locations: Being a manufacturer, in order to expand your business, you will be having multiple warehouses or retail locations which means you need to manage more inventory. Absolute inventory management software helps to organize and increase the coordination between different facilities. Better coordination helps to cut costs and improve the sales process.