Inventory management

Inventory management helps companies identify which and how much stock to order at what time. It tracks inventory from purchase to the sale of goods. The practice identifies and responds to trends to ensure there’s always enough stock to fulfill customer orders and proper warning of a shortage. Once sold, inventory becomes revenue. Before it sells, inventory (although reported as an asset on the balance sheet) ties up cash. Therefore, too much stock costs money and reduces cash flow..


Master list of materials
Shortage of material
log to concern person
New material requisition
& approval process through portal
All transaction log will
be available
Stock verification reports
Automatic communication
mails & reminder mails

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