Easy GST business accounting software can help you to manage all your business inventory. An inventory management software that allows you to track all goods across your business’s supply chain.
Easy GST Business accounting software has a big impact on the bottom line of business. Through this Easy GST accounting software you can track your goods, waste, analyze trends and make better investment decision.
Features of Inventory Management
Easy GST software offers all the features that are essential for effective inventory management operations.
Barcode Scanning: Easily identify and track your products to integrate with barcode.
Optimize Inventory: optimize the inventory for each product over or under stock item.
Stock Notification: This features also enables you to manage items in your inventory that have not reached the sales levels you expected.
Generate Report: you can easily generate report of your daily sale or purchase online.
Multi Branch Management: manage your multi branch or warehouse with a single login. Dashboard can give you better view of your inventory.
Record your Sale & Purchase: you can easily identify that which products are in demand to sale.
Get real time stock valuation: your inventory is continuously updated on your balance sheet to track real time value of your stock item. Inventory item speed up the process of creating invoices as all default values are predefined.
Use inventory items to Speed up data entry: set up things you buy and sell as tracked items to make creating quotes, invoices and purchase order quick and accurate.
Create more Accurate Quotes & Invoices: set up tracked inventory items to reduce data entry and typos – and see how much stock is on hand when you’re quoting and invoicing.
Easy GST provides Best Inventory Management Software in India. You can get a free demo for cloud-based inventory management systems. Try for 7 days free today.
Retailers frequently fall into the unfortunate pit of refusing to update their “tried and true” inventory management system as it appears to work well. But, even if it runs smoothly, even the most basic functionality offered by modern RFID systems can often not be supported by an outdated system. Through adhering to approaches such as manual inventories or older barcode systems, you may be less efficient and lose out on a variety of efficiency-enhancing advantages, resulting in your business becoming less profitable overall.
An inventory management software is a must-have, whether you run a brick and mortar store, an eCommerce site, a supermarket, or a logistics company. This will provide you with insights into every aspect of your products, and in some cases, will also help you understand your customers better.
Seamless ERP integration
An inventory management system is a must-have, whether you operate a brick and mortar shop, an eCommerce platform, a pharmacy, or a logistics company. It will give you visibility into all facets of your products, and in some situations, will also help you understand your customers better.
Inventory Optimization
Maintain the appropriate amount of inventory for each material, without any item being over- or under-stocked. It is particularly useful when dealing with products that are experiencing a seasonal rise and fall in demand.
Automatic Inventory Restocking
Is a key component or material low? You don’t want to wait to find out you’re missing out on a deal. It is possible to set up certain Inventory Management systems to automatically recover inventory once it drops below a certain level.
Mobile Access
Employees travel overseas in this tech-driven world, have flexible working hours, and need instant data access in warehouses, meetings, conferences. An ideal warehouse management system features a portable computer-accessible mobile-friendly interface. It allows managers to set authorities, view the list of purchase orders, raw materials, finished goods, and track the on-going inventory.
Flow of inventory
Needless to say, it is repetitive and confusing tasks to select and dispatch things that require proper preparation and direction. Receipt of goods relating to purchase order, the order of storage, delivery, or receipt of other goods indicates the warehouse status. In order to allow the appropriate departments to process it, it is important for the business to keep a record and the list of products purchased.
User-friendly
It should be easy to navigate a user-friendly inventory management software, load information quickly, and be straightforward, i.e., it is not filled with features you don’t need.
New user learning will also be included in the process. If you have never used an inventory management system, it can be daunting to get started.
See what kind of tools every system provides for learning. Do they provide new users with videos and directions? Can you reach out for help from a living person?
Now, it may not be the same for you what user-friendly means to some people. If you like a program, the only way to know for sure is to try it out. The good news is that many programs offer a free initial trial to allow you to experiment with the right fit.
Reports
Display the history of sales in the form of a list of your favorite products. This feature also helps you to control items in your stock that, by offering discounts on them, for example, have not reached the level of sales you anticipated.
Serial numbers are unique, offering excellent inventory control. The differences between a serial number and how it differentiates from other identification codes or item numbers are crucial for businesses to understand.
A serial number is a unique identifier for a specific item or product. A lot number describes a collection of products or parts that were produced from a particular production run. Therefore, all products should have the same batch number in a particular production run.
Serial numbers can be represented numerically as well as alphanumerically and vary from product identifiers such as bar-codes, lot numbers or batch numbers. Identifiers of the item signify a batch, a lot, or the particular manufacturing period in which the products are manufactured or handled. The handling of electronic devices will be an increasingly important aspect of inventory management software, from cell phones to 3D printers to MRI machines, and everything in between.
When everything runs as it should in the business, serial and batch numbers can appear to be an unnecessary job for admin. Furthermore, if your customer calls to inform you about the product that you sold them is wrong, the time taken to introduce serial/batch number traceability would pay back many times.
Improved accuracy
Through recording serial numbers as the product is provided, but also when an item is delivered, serial numbers increase tracking versatility. By eliminating the need for multiple databases that cause confusion and increase error rates, the streamlined design of serial number tracking helps to improve the reliability of your stock control.
Serial numbers also provide expiry records and best by dates that allow you to control what inventory is selected and delivered, minimizing the incidence of waste first by shipping older stock through perish-ability or obsolescence.
With the help of an excellent and well-versed inventory management software, you can easily track the devices. Therefore, serial numbers help to maintain a service quality standard by offering the ability to monitor and assess each production or delivery point. These can be used to monitor any service problems, faults, and product defects as well as to enhance search or reporting functions.
Reduced data entry and errors
Tracking the serial number is one of the easiest ways to reduce data entry and errors. Each change, sale, or order is more reliable and better tracked with each service or item numbered. The use of mobile and barcode technology optimizes the use of serial numbers and is especially useful for manufacturing companies or those with a wide variety of inventories.
Provide better customer service
The company can easily handle and examine warranty claims and either offer a swap, return refund, or request a complete recall if the problem is due to faulty manufacturing or production. You can also provide specific details about your design to your customers based on the serial code.
Prevent fraud
You can make sure that the returned item is the same product you sent, simply by checking whether the serial number is the same.
Reduce the risk of failure
It can be a big mistake to make a shipping error while dealing with heavily regulated companies and products. But you’re going to avoid the risk with properly organized serial numeration.
Sales analysis
Each sale and delivery will provide you with business information, top customers, and remaining inventory. You can easily view these stats at any time with an organized system.
Inventory Control
Serial numbers and the system of monitoring they provide are critical to the management of stocks. They give companies the ability to maintain quality control by providing the means to help address warranty claims or to conduct a product recall if necessary.
Via integrated tracking with other business systems and applications, serial numbers also help facilitate better stock management. These include the ability to integrate technology for buying, stock control, and billing.
Features of an inventory management software:
Sophisticated User-defined serial number pattern.
Expiration dates can easily be mentioned for any lot.
On-screen inquiry by part, all lot numbers and serial numbers received/shipped for that part.
Auto serialization upon shipping or receiving.
Record serial numbers for components used within a BOM.
Tracking serial numbers makes processing and shipment less complicated and saves time. Simplifying your processes and monitoring products accurately ensures that you will always know where to find what you need and easily validate it as the right product. Therefore, without the chance of sending the wrong product, you could deliver more goods faster.
Keeping a detailed record with the inventory management software of your items would create a more transparent experience for everyone. You can keep up-to-date from anywhere with a program that is easily accessible via a computer or mobile device.
