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Inventory Management Information System
(Smart Inventory Plus 5.1)
Globalsky Technologies provide Inventory is the business
management, accounting, inventory and warehouse control, sales, supply and document management Technologiess
to small and medium-sized trading and manufacturing companies.
The software was created by a team of professional accountants,
logistics specialists and software engineers and can be used for a
wide range of industries including but not limited to wholesale, retail,
manufacturing, distribution, e-commerce and many more.
ABOUT INVENTORY....
Inventory is a list for goods and materials, or those goods and materials themselves, held available in stock
by a business. It is also used for a list of the contents of a household and for a list for testamentary purposes of the possessions of someone who has died. In accounting inventory is considered an asset.
In business management, inventory consists of a list of goods and materials held available in stock.
Labels: Inventory Management, Procurement, Supply Chain, Supply Chain Management
the monitoring of material moved into and out of stockroom locations and the reconciling of the inventory balances
Inventory management is primarily about specifying the size and placement of stocked goods. Inventory management is required at different locations within a facility or within multiple locations of a supply network
to protect the regular and planned course of production against the random disturbance of running out of materials or goods. The scope of inventory management also concerns the fine lines between replenishment lead time, carrying costs of inventory,
asset management, inventory forecasting, inventory valuation, inventory visibility, future inventory price forecasting, physical inventory, available physical space for inventory, quality management, replenishment, returns and defective goods and demand
forecasting. Balancing these competing requirements leads to optimal inventory levels, which is an on-going process as the business needs shift and react to the wider environment.
BENEFITS ....
The benefits of an inventory management system include accounts
and inventory processing through automation, which reduces human error; various
reports to analyze stock levels; quantities and transaction histories of items;
and different models that can be used based on the type of organization or
company adopting the inventory management system.
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