Manufacturing Inventory Software

Manufacturing inventory software is an excellent solution for the tracking and controlling of inventory effectively. This provides better control on spending, reduces inventory costs and increases productivity. This software manages the inventory in ware house inventory, logistic inventory and stock room inventory. The manufacturing inventory software can manage inventory in process manufacturing with or without the tracking and the expiration dates. Supply chain management can be done using manufacturing inventory software. Inventory software can help in ISO certification and can meet other quality requirements. Advanced manufacturing software provides additional functionality in distribution using the global trade item number. This software also provides help during data conversion and customer and supplier listing.

Manufacturing enterprises face many problems such as increased inventory carrying cost, higher premium freight charges, decreased customer satisfaction, diminished asset utilization, decreased supplier performance etc. Many benefits can be achieved if the enterprise improves the management of its supply chain and inventory flow. The manufacturing inventory software provides the benefits such as inventory reductions throughout the networked supply chain, premium freight reduction, improved transportation utilization, increased service levels from suppliers, reduced administrative effort, improved quality levels etc.

Manufacturing inventory software combines several inventory based processes by gathering, compiling, analyzing, and storing essential inventory data in an intelligent manner. Some important features of inventory software include payable and receivable accounts, point of sale, sales order, purchase order, quotations, shipping, receiving and inventory data analysis. This program helps when there is more than one location storing inventory by tracking lot numbers, barcodes and serial numbers. Many companies set special days every year to gather inventory information. This software can increase the productivity of these inventory days and make sure that the recorded data remains accurate throughout the year. The manufacturing inventory software generates inventory reports and so the numbers are available at any time of the year.