What are the Key Features of an Inventory Management System?
An effective inventory management system should have the following features:
Real-Time Tracking: Ability to monitor stock levels in real-time. Order Management: Facilitates the efficient handling of purchase orders and sales orders. Analytics and Reporting: Provides detailed reports and analytics for better decision-making. Integration: Can be integrated with other business systems such as CRM and accounting software. Automation: Automates routine tasks such as reordering and inventory audits.