Sales and inventory management are the two important components of a manufacturing business. It helps to maintain a balance between market demand and stock management. If you don’t have the right sales and inventory management system, it can delay your production and affect cash flow.
It can also interrupt the supply chain, poor market forecasting, overproduction, and whatnot. Integrating an effective sales and inventory system can automate upcoming sales and avoid losses. TranZact offers sales modules and purchase modules for Indian SMEs. In this blog post, we will learn how TranZact can be the ideal sales and inventory management system for your business.
Understanding Sales And Inventory Management Systems
A sales and inventory management system is a tool that helps you monitor sales activities and inventory levels. It automates sales foresting, stock analysis, and order management. Integrating the right sales and inventory system in your business can allow you to get real-time reporting and analytics of your overall inventory level.
An inventory and sales management system allows you to find new opportunities for your business and avoid disruptions in production. With the right inventory and sales software, you can improve your order management and visibility over customer enquiries, stock levels, and payment details to achieve your manufacturing goals.
Read this to learn more about What Is Sales and Inventory Management System.
Key Features Of TranZact's Sales And Inventory Management System
TranZact’s sales inventory management software helps you improve accuracy in operations, whether inventory management or sales order processing. You can use it to monitor customer enquiries and the movement of raw materials in real time. Let’s learn about its key features:
- Sales Quotations: It helps you create accurate sales quotations by analyzing the enquiries from potential customers.
- Conversion Status: It shows your order conversion status as pending, won, lost, and cancelled to simplify your followups.
- Inventory Tracking: Its inventory management system allows you to track and manage inventory items, whether raw materials or finished goods, from multiple warehouses in real time.
- Transaction Details: It generates invoices and records all transaction details to avoid misunderstandings with your suppliers and customers.
- Integration Ability: It allows integration with existing ERP systems and other accounting software, such as Tally, Busy, and Zoho.
- Automated Reporting: It provides reporting and analytics related to your supplier performances, order confirmation rates, and inventory management. You can analyze these reports to make informed decisions for your business.
Benefits Of Using TranZact For Sales And Inventory Management
With TranZact’s sales and inventory management system, you can improve your sales processes from enquiry to dispatch. Let’s learn about the key benefits of using TranZact’s inventory sales management software.
1. Enhanced Efficiency And Accuracy In Inventory Management
TranZact’s sales and inventory management system allows you to create unique IDs for each inventory item and categorize them based on their value. You can use different types of inventory management techniques such as just-in-time, FIFO, LIFO, etc.
The system automatically gets updated if you use or sell certain products and purchase new stocks. It improves your inventory accuracy, production processes, and operational efficiency.
2. Streamlined Sales Processes Leading To Increased Revenue
TranZact allows you to access all customer enquiries on one platform. It helps you create accurate sales quotations and track their status. Once the sales orders are confirmed, they are automatically sent to the production department. It also creates delivery challans and sales invoices to improve your dispatch process.
3. Improved Decision-Making With Real-Time Data And Analytics
TranZact’s sales and inventory management system helps you make quick and informed decisions for your manufacturing business. It provides you previous and real-time data and analytics related to enquiries, order confirmations, stock levels, production capacity, payments, and other manufacturing processes. It helps you make strategies according to market trends and focus on scaling your business with time.
Read How Sales and Inventory Management Systems Can Improve Your Supply Chain Efficiency.
Comparison With Other Sales And Inventory Management Systems
Many sales and inventory management systems are available in the market and offer solutions for manufacturing, e-commerce, healthcare, and other businesses. On the other hand, TranZact offers useful features to improve sales and inventory management activities, especially for small-scale manufacturing businesses in India.
Let’s understand why TranZact is the best sales and inventory software for small business by comparing it with other systems.
- Microsoft Dynamics 365: It comes with various features for sales, finance, and supply chain management, but you may need technical experts to operate it. TranZact comes with a user-friendly interface to support Indian SME manufacturers.
- Oracle NetSuite: It offers solutions for accounting, human resources, and payroll management, but its complete implementation may take several months. TranZact can be implemented in your business in just 14 days.
- Odoo: It is a business management software that offers solutions for project management, accounting, and warehouses. TranZact offers you solutions to manage sales and inventory on one platform with 24*7 customer support for any query.
- Katana: It offers solutions for e-commerce, retail, manufacturing, and distribution businesses, and its pricing starts at Rs.15,031 per month. TranZact offers competitive pricing for SME manufacturers, including free plan, and its paid plan starts at just Rs.3,999/month.
- Unicommerce: It is a software solution that supports e-commerce businesses. TranZact is specially designed for small-scale manufacturing industries and has easy-to-use features for business scale-up.
Implementation And Integration Of TranZact
The implementation of TranZact in businesses is easy and takes only 14 days. Here are the step-by-steps guide to implementing TranZact’s online sales inventory management system in your manufacturing company.
- Visit TranZact’s website.
- Create a free account with your email ID.
- Book a demo if you want.
- Choose your pricing plan.
- Get it implemented within 14 days.
- Connect with customer support for help.
TranZact offers integration with inventory tracking solutions like RFID and barcode technology to improve processes like counting and inventory tracking in real time. You can also integrate it with tools like Tally to improve your finance management. TranZact also offers free training to your employees to teach them how to operate it. If you have any queries about the software, you can also contact customer support to get solutions in no time.
Improve Your Sales And Inventory Management With TranZact
TranZact is the ideal sales and inventory management system for Indian SME manufacturers, and it is easy to use. It offers all the necessary features to improve processes from enquiry to dispatch. Whether you want to create frequently required documents like sales quotations, invoices, and delivery challans or track stock levels in multiple warehouses, it allows you to manage all processes from one place.
Implement TranZact now to easily manage your sales and inventory and improve the productivity of your manufacturing business with quick support.
FAQs
1. What is a sales and inventory management system, and why is it important for my business?
A sales and inventory management system is a software solution to track and manage customer enquiries, sales orders, and stock levels. It is important for your business to manage sales, find new opportunities and improve inventory accuracy.
2. How does TranZact's sales and inventory management system benefit small businesses?
TranZact’s sales and inventory management system benefits small businesses in the following ways:
- Analyzing customer enquiries
- Creating and tracking sales quotations
- Tracking stock levels in real-time
- Setting min/max stock levels
- Providing real-time data and analytics
3. Can TranZact integrate with my existing accounting and ERP systems?
Yes, TranZact allows you to integrate it with your existing accounting and ERP systems, such as Tally, Zoho, Busy, and EASYCOM.
4. What makes TranZact different from other sales and inventory management software?
User-friendly interface, fast chat support, and competitive pricing are some features that make TranZact different that other sales and inventory management software.
5. What are the key features of TranZact's sales inventory management system?
The key features of TranZact’s sales inventory management system are as follows:
- Creating sales quotations, invoices, and other valuable documents.
- Tracking stock levels in real time.
- Integration with barcode and RFID technology.
- Creating unique item IDs for each inventory item.Providing previous and real-time data related to sales and inventory.
