Inventory Management Software for Small Business
Inventory Management Software for Small Business
Inventory management software is an easy to use computer-based system to better control inventory via tracking product levels, orders, sales and deliveries.
Inventory management is the process of keeping track and accounting of business inventory, and having the appropriate balance between the business demand and supply. When it comes to the record keeping of a business goods, there are two ways it can be done. It can be done manually; and secondly, it can be done with the use of software which makes it very easy to restructure a firm’s inventory management processes. Most large companies choose to adopt computer solutions to handle their complex inventory issues.
For small firms, investing in an inventory management software is very essential as they usually do not have a dedicated team of people to constantly monitor the goods movement and details. An accounting software with an inventory module automates numerous functions while ensuring accuracy and speed.
The functions of inventory management software
The program helps in monitoring and managing of inventory in a way faster than it could be done by hand. This software is combination of different programs which helps in providing solution to every needs of a business. It allows managers to easily retrieve any information they need without stress on the user.Click Here For Your Complimentary Software Demonstration (worth $80)! >>
Advantages Small Business have when using Inventory Software in Singapore
Save cost – Helps firms reduce their expenses by reducing the level of needless parts and products in stock. It also helps firms reduce the level of lost sales by meeting demands with enough goods in stock. This is important for small business as the cost of holding products can form a significant portion of their profitability.
Orderliness – Allows firms to maintain an organized and systematic records. The problem of issuing out wrong form details because the company does not know the exact stock levels, which could lead to erroneous reporting in their financial statements and tax computations to ACRA and IRAS.
Increased efficiency – Enhanced capability in organizing, sorting and arrangement of goods in stock according to the amount available, the ordered goods, shipped goods and the items that needs to be supplemented in little time and effort thereby increasing the business efficiency.
Updated data – This inventory software helps to update the data on every item automatically by simply key scan the items’ inventory number or bar code. This automatic updating of inventory records enables businesses to make informed decisions. Business owners can view or download the inventory records via the inventory software.
Our Software Inventory Features Are For You If You Want:
- Less error in recording your goods
- Accurate tracking of your inventory with advanced search function
- Automatic back ordering capability
- Reports to show your stock costs and movement
- User friendly controls
How the Inventory Software features in in our software solution are able to perform these functions well for small business?
Automation of Tasks – allows the automation of key inventory management tasks from supply chain management to the delivery of products. Purchase and sales processing is fast and efficient since tasks are automated.
Multiple Add Ons Available – add on solutions such as barcode scanning installation, comprehensive on-site training further enhance the capabilities of the package solution
Time Tracking Tools This time tracking tool has time billing and is compatible with a wide, set of time tracking tools; this is very useful for business owners to better manage their employees’ time and bill invoices to customers who are charged by time.
a) Our off-the-shelf program
i) One popular accounting and billing software option in Singapore is QuickBooks Online, with affordable monthly fee. It is easy to use and the mobile app version allows you to manage your inventory anytime and anywhere, saving you time.
With the secure backup, you need not worry about the manual backup, making this a cost effective solution for you. In addition, there is no need for you to pay additional fee for updates or upgrades, as it is already included in the monthly fee.
ii) Another solution is MYOB, which offers all the advantages listed above, is extremely user friendly and it runs on an computer, Windows and Mac, and caters to business of all sizes (from startups to established companies).
MYOB Premier Plus offers Inventory Management Features. The software caters to Multi Currency-Transactions, Multi-Users, Time-Based & Tracking and Payroll.
b) Customised Solutions
If we assess that your business needs a tailored solution, you will receive leading edge Accounting and Billing Features from our customised solution in Singapore.
We will have a detailed discussion (no obligations) to discuss your current inventory tracking process and recommend solutions to address your company’s needs.
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