Inventory management is all about what, where and how. It is a discipline mainly about specifying the form and ratio of stocked goods. It is required at different sites within many locations of a supply network to pave the way for the regular and planned course of production and stock of materials. It is the supervision and governing of the ordering, storage and use of components that a company will use in the production of the items. Determining the right inventory management system requires evaluating needs today and your plans for future growth. As the business grows, can the inventory management system balance along with it? When the business evolves, does the system offer flexibility to enable change? Cloud system provides real-time visibility into inventory, with anywhere, anytime access to critical information. It can function at the center of an ERP system, adding seamlessly with demand scheduling, financials etc. Automated capabilities eradicate manual inputs while maximizing efficiency throughout the inventory lifecycle.
Features of Inventory Management Software:
Complete Hardware and Software Inventory.
Alert on specific events.
Provides software usage statistics.
Detect Prohibited Software in the network.