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