Inventory control is something that should be front-of-mind for anyone in the wholesale distribution business. In the simplest of terms, inventory control involves having greater oversight over one’s stock. Some refer to it as “internal control” or even as an accounting system set up to safeguard assets.

WISE features comprehensive Inventory Control that affords immediate visibility to all. It is a real time system that can integrate into  26 Aug 2019 Today let's learn some of the benefits of inventory management system! You want efficiency in managing your stock levels so that your Thus, they only have access to modules and functions for their job responsibilities. We know it's not just about the Features, but since you're wondering. is an inventory control system which records each receipt and issue of stock for an item . The following are a few of the features of an inventory management system. It also helps in managing the stock in hand as well the days for which the stock will   Be ahead of your competition with our feature rich omni-channel Retail Management system. Gain greater control over your business with seamless management  The features you include in your restaurant management system can vary customer purchases food and drinks, the system instantly updates your stock levels. Here are a few points on what the Eworks inventory feature helps your business with;. Manage stock control; Track deliveries of goods; Manage customer orders 

26 Apr 2019 Ensure that your solution offers key inventory management features so A stock control system comes with a real-time database that updates 

But there are more advanced features of inventory management systems like the ability to dispatch orders as multiple shipments. This ensures your customers get their in-stock goods quickly with backordered items sent at a later time. The 2 Types of Inventory Control Systems. Perpetual Inventory System. When you use a perpetual inventory system , it continually updates inventory records and accounts for additions and Periodic Inventory System. Barcode Inventory Systems. Radio Frequency Identification (RFID) Inventory Systems. An inventory management system is a tool that allows you to track goods across your business’s supply chain. It optimizes the entire spectrum spanning from order placement with your vendor to order delivery to your customer, mapping the complete journey of a product. Controls at every level focus on inputs, processes and outputs. It is very important to have effective controls at each of these three stages. Effective control systems tend to have certain common characteristics. The importance of these characteristics varies with the situation, Characterisitcs of a stock control system: They are able to record how many of a particular item is in stock Have a record of when new orders of a specified product are due to be delivered Can be used to search for the details of the supplier e.g. name, address, phone number A stock control system is the mechanism through which a company manages the efficient movement and storage of its goods, flow of information and resources that arise from this.

Effective inventory management software can prevent major business headaches . Enjoy peace of mind with complete visibility into and control over stock levels, 

Controls at every level focus on inputs, processes and outputs. It is very important to have effective controls at each of these three stages. Effective control systems tend to have certain common characteristics. The importance of these characteristics varies with the situation, Characterisitcs of a stock control system: They are able to record how many of a particular item is in stock Have a record of when new orders of a specified product are due to be delivered Can be used to search for the details of the supplier e.g. name, address, phone number

Efficient stock control should incorporate stock tracking and batch tracking. This means being able to trace a particular item backwards or forwards from source to finished product, and identifying the other items in the batch.

Inventory management, warehouse & stock control management ERP software stock control management module is a powerhouse of features and functions that have But a good stock control system will affect both sales and purchases. Save time on your stocktake and stock take control with software that gives you a real-time view Other Warehouse Management Features Access WMS integrates into existing back office systems (or you can upgrade to Access ERP), and  The primary and foremost objective of inventory management is to control stock levels inside the tangible distribution system, functions to balance the  Other useful features include: Stock and pricing data integrating with accounting and invoicing systems. All the systems draw on the same set of data, so you only   3 May 2016 Its impressive array of inventory control features include centralized inventory tracking, bin management, real-time notifications of stock levels,  Inventory Management System provides This feature helps to track the real- time stock  6 Mar 2019 System-generated purchase orders. Ability to link purchase orders directly to sales orders. Multiple Units of Measure, User-defined. Kitting & Bill 

OrderWise Stock Control System solves your inventory management nightmare, regardless of what stock your business sells, how it’s used, or where it’s located, delivering accurate and efficient inventory control throughout your entire operation.

Inventory management software is a software system for tracking inventory levels, orders, sales organization's systems. These features include: obsolescence and spoilage. Avoiding missing out on sales due to out-of-stock situations. 8 Jul 2016 A good stock control system will have financial management features that give you the ability to make changes to pricing structures (temporary  21 Jun 2013 Stock or inventory management is the process of overseeing the flow of items into and out of your inventory. A well-functioning stock  Use our list of 6 key features to look for in an inventory management system for If you're retail, does the system support sales and stock planning and retail  5 Sep 2019 What Is an Inventory Management System, and What Features Do I Need? Stock notifications: Receive alerts and notifications when there's  Computerised stock control systems run on Other useful features include:.

8 Jul 2016 A good stock control system will have financial management features that give you the ability to make changes to pricing structures (temporary  21 Jun 2013 Stock or inventory management is the process of overseeing the flow of items into and out of your inventory. A well-functioning stock  Use our list of 6 key features to look for in an inventory management system for If you're retail, does the system support sales and stock planning and retail  5 Sep 2019 What Is an Inventory Management System, and What Features Do I Need? Stock notifications: Receive alerts and notifications when there's