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 to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets.

Procurement

	Issuing Purchase Orders
	Receipts of Goods Management
	Pending Order Status and Control
	Summary & Purchases History Management
	Transaction Status (individual as well as consolidated)
	Creditors Management (Trade & Others)
	Item Return
	Attachment of documents

Sales

	Item issue to projects
	Putting margin in percentage for sale of an item
	Sale of Inventory
	FIFO
	Detailed / Summarized Sales Reports
	Integration with other Sales Reports
	Location wise Sales Report
	Project wise sale report
	Sales Return
	Attachment of documents against the sales

Inventory

	Comprehensive Item / Stock Master
	Stock Status Report (Quantity and / or Valuation)
	Stock Control (for individual store / outlet, as well as on consolidated basis)
	Inter Transfer of Goods (Issues & Receipts)
	Multiple Stock Locations Management
	Integration of Stock and delivery
	Cost Management with Purchase prices, Landed Cost and Selling prices
	FIFO/Average Costing method