Inventory forms one of the biggest investments in manufacturing and trading sectors. Huge capital blocked in inventory, inability to identify products, multiplicity of products, product freshness, order of arrival, guarantee/ warranty periods, handling and a host of related issues can confound any individual assigned the task of materials management. The solution lies in installing a software that will solve these problems and evolve a system for continuous operation and evaluation. Inventory Management Software is an absolutely compatible and competent application to deal with inventory of several commercial and non-commercial industries such as Clothing, Electronics, Aeronautics, Mechanical, Medical, Hotel, Food, Stationery, Shoe, Retail Chains, Online Shopping Malls and other business. It handles invoicing, stock movement and customer details easily and rapidly via interactive, user friendly interface. Inventory Management Software is extremely economical and a compliant package for all common window platforms like 98, NT, 2000, XP and Vista.

 Inexpensive, advanced and swift.  Easy to configure and install  Complies with all Windows operating systems. Inventory Management Software is basically focused to derive stock balance, sales record, restore stock, goods record, goods category distribution, customer order records, invoice, price system, backup stock, reports customization, order processing, purchase order, pay orders and significantly reducing paper work. The application offers a broad and innovative inventory management resolution to synchronize items, stocks, cumulative productivity of stores, managing sufficient supplies by implanting modular classification of the entire process. Inventory management software is best suited to keep track of the records of sale, purchase and vendor prices of all the goods stocked in the system. Inventory package includes specific features like barcode reading for price identification, Multi-currency adoption to identified rates, reports generation for fast, precise analysis of goods, stock, quantity, prices, manufacturers, suppliers, vendors and sales. Expiry alert for various items, print preview option for flexible, multi-user compatibility, security with approvals and more.

Like every software inventory management software is not a total bundle of advantage. There are disadvantages too. For a small company the cost overrun of installing such software is very high. Barcode readers don’t come cheap. No data is reliable unless updations is made continuously. When a software company walks out replacement is a laborious process that includes training and recasting data. Nowadays updations is carried out on a dynamic basis with PCs, iPods and Androids which can be connected to the central unit. Despite these disadvantages the utility of inventory management software far outweighs these minor snags. The enormous quantity of inventory, the capital involved and the necessity to keep the supply- production- distribution channel alive is enough for any right thinking materials personnel to seek out and latch on to an inventory management software most appropriate to the performance of the company.

Which software to install? This is not an easy question to answer. There is a plethora of such software’s available in the market. Each one with its own tall claims. Information from industry sources and similar business. Ventures will be a right indicator. Besides there are reliable software consultants who can provide valuable and relevant data pertaining to the IM software.