What's New in Inventory Software?

Many companies are turning to high-tech inventory software that can help calculate the most effective inventory levels to help maximize customer service while minimizing their inventory costs. These systems help to optimize inventory fill-rates by providing tighter control of stock levels while factoring in budget constraints. The key is to provide a way to track inventory levels, product locations, suppliers, orders and more.

Web based inventory management software offers traceability or genealogy capability. See Inventory and warehouse management for more applications.

Directories

Inventory Barcode Scanning RFID Manufacturing ERP

SRM Warehouse Management Supply Chain Management SCM Production Scheduling

Inventory systems focus on the challenges of improving bottom-line profits while reducing inventory costs and improving service levels to meet their customers needs. It is useful in monitoring the quantity, location and status of a company's inventory levels as well as the shipping, receiving and stocking processes. These modules aim to control the movement and stocking of materials within a warehouse and keep shipping fulfillments on time leading to more satisfied customers.

Benefits of Inventory Software

• Faster time to market
• Faster order fulfillment
• More satisfied customers
• Reduced inventory carrying costs
• More efficient warehouse operations
• Reduced production down-time
• Automatic ordering from suppliers when pre-set inventory level is reached