What are the Features of an Inventory System?

stock management solution

Since the outbreak of inventory management, businesses of all sizes have benefitted from more organized and easily manageable stock.

In case you do not know what it is, an inventory management system is a process by which you track your goods throughout your entire supply chain, from purchasing to production to end sales.

With the help of technology, inventory management software allows you to monitor and track your stock levels electronically. There are tons of software available in the market, so it is important to choose the best IMS in UAE for your business. The best way to determine this is by considering the features.

Inventory Sol is a one-of-a-kind stock management software in Dubai that brings new and innovative features. This includes instant invoicing, in-house stock transfers, and more.

 

Keep reading to find out the best features to look out for in an inventory management solution.

 

 Top Features of an Inventory Software in Dubai

  1. Inventory Tracking

    The best ERP management software in UAE should allow you to effectively track your product levels at all times. This includes recording the current level of stock, automatically adjusting stock levels after purchase or sale, and marking unsellable units as defective.

    Inventory Sol’s unit tracking feature is totally unique thanks to its auto-adjusting capabilities. It also tracks inventory transfers between different warehouses for even greater efficiency.

  2. Point of Sale

    A point of sale system, or POS, is the place where your customer makes a payment for products or services. A good inventory management solution should have a smart POS system that updates in real-time. This way, you can instantly create invoices, track orders with a unique ID, and adjust the current stock levels.
    With our powerful POS feature, you can create large invoices instantly with a bar-code scanner, manage returns, and update your product levels from the point of sale system, as soon as it happens!

  3. Purchase Order

    A purchase order is a commercial document issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services. An effective ERP software should allow you to create instant purchase orders and track all POs with a unique identification code.
    Our purchase order feature allows you to create and send purchase orders to all of your distributors and vendors in one place, manage orders from start to finish, and easily adjust pricing and quantity.

  4. Instant Invoicing

    This is an extremely powerful and new feature that only a select few inventory management solutions offer. Instant invoicing allows you to instantly create invoices using a barcode scanner. This removes the need to manually enter product details and specifications.
    We have the best stock management system in Dubai, thanks to our powerful instant invoicing feature. You simply scan the product with a barcode scanner, and our system will automatically fetch the details to create an invoice within seconds.

  5. Reporting Tools

    Reporting is a very important part of managing your business. You must be able to pull out data, create readable reports, and view trends to make effective business decisions. A good ERP software should have built-in reporting tools that allow building custom and intuitive reports for the past day, week, or months!
    Our IMS has an extremely intuitive reporting feature. Reports are generated in seconds and presented in an easy-to-read, comprehensible format.
    These are the most sought-after features of an inventory management system in Dubai.

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