The goal of inventory control is to accurately know current inventory levels and minimize under stock and overstock situations. Whether you are tracking inventory used to perform a service or sold to customers, a barcode inventory solution provides staff accountability and minimizes inventory stock outs and shrinkage. By efficiently tracking quantities across stocking locations you’ll have insight and be able to make smarter inventory decisions. An inventory system provides the necessary knowledge both for the warehouse worker to perform daily tasks and management to have product and financial insight.
Inventory Management System (IMS) is a powerful, easy to use IMS for Windows (all versions) user. It is rich in features, ever think of an easy way to handle financial such purchase, purchase return, sales, sales return, stock adjustment, adding/ removing items, computing employee’s salary, expenses etc. At its core, inventory control works by tracking two main functions of your stockroom or warehouse — receiving (incoming) and shipping (outgoing). There's other actions that take place such as movement, or relocating, of inventory, as well as in manufacturing situations raw materials are decremented and finished goods get incremented. The act of performing physical inventory counts is another input to an inventory system that allows it to accurately keep track of inventory levels.
Inventory Management System has following key features: