What Is Material Requirement Planning (MRP)?
Tap on the power of material requirement planning for optimizing...
TranZact's highly-flexible, cloud-based solution enables cost-effective inventory management with intelligent inventory analysis.
Following are the important best practices for inventory management:
Inventory management helps a business to reduce stock updating errors and improve accuracy in tracking & control of inventory. By reducing excess inventory & optimizing inventory, stock management enables businesses to enhance quality of goods and improve customer service, efficiency, profitability, and reduce operating costs.
The best way to improve your inventory management is to leverage an automated inventory system that provides all stock data in real time. With the help of live data, you can ensure accurate stock analytics anytime and enable effective inventory forecasts.
Based on the importance of inventory management for every business, the different types of inventory are:
TranZact is a team of IIT & IIM graduates who have developed a GST compliant, cloud-based, inventory management software for SME manufacturers. It digitizes your entire business operations, right from customer inquiry to dispatch. This also streamlines your Inventory, Purchase, Sales & Quotation management processes in a hassle-free user-friendly manner. The software is free to signup and gets implemented within a week.