A company who used to just use spreadsheets to do their inventory recording might not be able to compete with company who has utilized inventory software system. Because it can track down inventory levels, orders sales and deliveries easily and most importantly fast. Therefore, no time is waste when we need to make quick decision when needed for the business to keep growing and expanding. Plus, the software can also prevent any product overstock and outages which is bad for business.
Let’s take a look at this customer inventory management software, namely ABC Enterprises as an example. You’ll be surprise how simple and easy to use. In this easy inventory management software, we have 4 menus: ‘Products’, ‘Suppliers’, ‘Customers’ and ‘Reports’. We will discuss it one by one with pictures.
Products management
Product management is where one can manage a variety of products that the company have. As you click on the ‘Product’ menu, you’ll see a product table form with text box. On the first column, Product ID is an automated field, so no need to input anything. However, product name, unit cost and quantity are empty fields that need to be input one by one accordingly. With this product inventory management software, the company can receive orders, reorder stock, manage products and many more to be discussed later.
Suppliers and deliveries management
Under ‘Suppliers’ menu, The table will show as below. Again, Supplier ID is automated, as you add more suppliers details. Fill in the supplier’s First Name, Last Name, Email Address, Address and Phone Number. Then, under products scroll down for the right product, input quantity bought, expected date received, actual date received and choose the order status whether the product is initiated/awaiting delivery/ delivered.
If by any chance you need to search any record that is already input, you can always go to search box and type in the keyword. Or click on the triangle forward button ‘ or backwards button to search the record one by one.
Customers and Sales Management
Inventory and sales management software can help us to keep track on how much stock is left after each sales. To manage it, we start with recording the list of our customers. Customer_ID is automated, so continue with filling in the First Name, Last Name, Email Address, Phone Number and Address of the customer. Then, choose the product that they purchase, input the transaction date, quantity sold, unit cost and the total cost. As you enter the quantity sold, on the far right column will show you the available quantity on hand. In addition, inventory and customer management software will help us in keeping a historical record of the customer orders and pricing on each product that they were buying at. This will really improve the overall performance in the company and also customer service.
Reports
When you click on ‘Reports’ menu, there are 3 list: Sales Report, Orders Report and Product Inventory Report.
When you click on ‘Sales Report’, and then click on ‘Preview’ button, the product sales report will show all the inputted information is being retrieved in a neat and organized manner.
Here is the product order report when you choose ‘ Order Report’ and click the preview button.
Below is the result when you choose ‘Product Inventory Report’ and click on ‘Preview’ button.
Inventory management software is no doubt suitable for small business owner. However, if you like to have more features, you can always make a customized inventory software according to one’s needs. Custom inventory software will surely optimize your supply chain, improve your shipping process, stay on top of you inventory. Download This Database Now.