An inventory management system tracks product through the whole inventory network or the part of it, a business works in. That includes everything from raw material to manufacturing to retail, warehousing to transportation, and all the movements of stocks, spare parts and finished goods during the whole manufacturing process.
For all intents and purposes, it implies a business can see all the little moving parts of its activities, enabling it to settle on better choices and speculations. Distinctive stock directors center around various parts of the inventory network, however independent ventures are normally more inspired by the ordering and retails end of the chain.
Because of a variety of services and features offered, EMERGE app is an application that can be used to increase productivity and can be considered as the best inventory management software for small business. The company emerged because of the issues with inaccuracies in stock, too much paperwork and accounting issues.
The services offered by the company includes the following.
- B2B eCommerce Platform
- Dropshipping model
- Full Stock
- Startup Business
- Success Stories
- Inventory Management
- Product Management
- Warehouse Management
- Order Management
- Wholesale Management
Inventory Management System
The inventory management system lets a business owner to track the entry and exit of any product in the inventory. The application keeps record of sales, purchases, exchanges, returns and every minor change.
The application can keep track of all the goods and products that are damaged and classified as unsellable.
The technology used to record the inventory is barcode scanning. USB Barcode scanner or Bluetooth barcode scanners are used for this purpose.
The inventory items that are high in demand are also kept track of, so that the inventory can be replenished before it completely dries off.
There are times when any adjustments are to be done in the application manually. For any such requirements, the approval of system administrator will be required. It is to ensure that no false entries are made in the record.
The inventory listing allows the business owner to track the ready to sell inventory as well as the physical inventory.
The system can work with batches. This is effectively essential for products having an expiry date such as FMCG products.
The application can also manage the returned or exchanged goods. During the return or exchange process, the inventory is reconciled to make sure that no fallacies are there in the inventory.
As a result of all the above benefits, this application can play a vital role in increasing the total productivity.