RSAT-IMS Inventory management software is a computer-based system for tracking inventory levels, orders, sales and deliveries. It can also be used in the manufacturing industry and Commercial Shops to create a work order, bill of materials and other production / Sales -related documents. Companies use inventory management software to avoid product overstock and outages.

A component of supply chain management, inventory management supervises the flow of goods from manufacturers to warehouses and from these facilities to point of sale. A key function of inventory management is to keep a detailed record of each new or returned product as it enters or leaves a warehouse or point of sale.

Inventory control, a similar term, is the area of inventory management that is concerned with minimizing the total cost of inventory while maximizing the ability to provide customers with product in a timely manner. In some countries the two terms are used as synonyms.

Features – Inventory management software is made up of several key components, all working together to create an organized inventory for many organizations’ systems. These features include:

Order management – Should inventory reach a specific threshold, a company’s inventory management system can be programmed to tell managers to reorder that product. This helps companies avoid running out of products or tying up too much capital in inventory.

Asset tracking – When a product is in a warehouse or store, it can be tracked via its barcode and/or other tracking criteria, such as serial number, lot number or revision number. For inventory management software often utilizes bar code, radio-frequency identification (RFID), and/or wireless tracking technology.

Product identification – Bar codes are often the means whereby data on products and orders is inputted into inventory management software. A barcode reader is used to read bar codes and look up information on the products they represent. Radio-frequency identification (RFID) tags and wireless methods of product identification are also growing in popularity.