Key Features of an Inventory Management ERP Software

In the business world, inventory management plays a vital role in managing storage, availability, delivery, etc. Inventory management is implemented to handle sourcing, storing and selling of both raw materials & finished products. The process of managing the entire flow manually can be tedious that slows down your business. A right software in place can help you stay organized.

The inventory management software – Horizon EBS has all the information in one place and helps you to be in track of everything. The sophisticated system alerts you on the shortage of materials and also on the things that are too much. It ensures your business to see profitable growth.

Whether you are running a construction, MEP contracting, general contracting, manufacturing or facility management company, an inventory management software is a must-have. Horizon EBS will give you deeper insights into every aspect of your stocks, and it will give you better understanding of the customer behavior and their interaction with your business.

In this article, we will take a look at the functionalities of a fully-featured inventory management software Horizon EBS that makes your business process smooth.

Inventory Management Software

The transparency across the process provided by Horizon EBS has a big impact on the bottom line of your business. Through the real-time accurate tracking of the stocks, business can minimize excess stock leading to wastage, analyze regular trends, and make better forecasting and decisions. There are lot of benefits in implementing Horizon EBS an Inventory Management Software.

Inventory Management Software Features

The inventory management software Horizon EBS provides all the features for an effective inventory management operation. Here’s an overview of the features that ease your process

Inventory optimization: Keep just the right required amount of inventory for each product, without overstocking or running out of stock any products. Horizon EBS predicts the seasonal rise and fall in demand, and helps you stay in flow and improve profit.

Always be informed: Receive notifications whenever any important change is made in the system. It also notifies when a product stock quantity goes above or below a defined threshold.  

Report generation: View the complete history of the items sold or purchased over a given period of time. Horizon EBS enables you to have a quick analysis on the product performance that exceeds the milestone and have not reached expected sales level.

Multilocation management: Manage multiple storage warehouse in different locations. The material requisition, purchase inquiry, supplier quotation analysis, purchase orders and more in all locations can be handled from a single inventory management software.

Material grouping: The product stored can be defined under various dimensions, category and grouping. The material stock in stores can be managed based on the location. It helps to reorder whenever the stock is required.

Purchase order records: In a single view all the purchase order records are listed for better analysis. You can easily find product in demand, both perpetually and seasonally, and prepare to meet your future demands.

Manage items received: Receive items against the purchase orders as they come into the store and utilize the best storage location. You can allocate the stock to a particular job or department based on requisition received. The inventory transfer can be performed across location, job, and bin with the available costing method.

Discovering the right inventory management system

If you’re looking to purchase integrated ERP with inventory management software to suit your business needs, you can write to us at sales@fit.ae or ring us at +971 4 353 3727.  We will schedule a call with you to analyze the best option that works for you and give you a quick solution that solves your requirement.