Complete creation of product sheets

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Any automated inventory management software must be able to create product sheets either automatically or completely. Thus, each of these sheets must contain information such as:

the type of product with its commercial designation, its internal code or even its category;
the purchase price and the sale price excluding taxes and including all taxes;
accounting elements such as the value added tax rate according to the type of goods;
the quantity available in stock.
Depending on the company's field of activity, this data may vary. For example, the initial product sheet may contain an expiration date if it concerns perishable products, or the conservation method if it concerns products to be stored in a specific thermal environment.

Improved inventory vk database and supply management
With stock software, it is possible to set a minimum stock that triggers its automatic supply. This avoids stock shortages within the warehouse.

Real-time availability of products in stock
The great advantage for the company to equip itself with inventory management software is the ability to view stock availability in real time. This allows for effective 360° management, as managers can track their stock inventory in real time.

Synchronization of stock software across all points of sale
When it comes to a distribution chain, inventory management software makes it possible to synchronize inventory management across all existing sales channels. This essential feature allows each store to have a cross-sectional view of the inventory status of other points of sale and to be able to transfer products between stores.

Analysis of company performance
Like all management software studied in particular in MBA (Master of Business Administration) in logistics and supply chain , the tool that allows you to manage inventories provides essential data to measure the performance of the company. This allows it to remain competitive on the market, productive in the long term, and above all profitable.

The 10 most used inventory management software
OpenConcerto
OpenConcerto is a free and modular software, adaptable according to the needs of the company. Its greatest advantage is that it is possible to add various functionalities such as inventory management, purchasing, orders, CRM, accounting, business intelligence, etc. The tool also integrates a barcode reading option as well as a simple interface to easily manage stock entries and exits.