Inventory Management System Software Features 

In some accounting software the inventory management features are very well integrated with accounting, order entry/processing and warehouse management systems for an all-in-one solution.  It can be customized that provides specialized features for different specific industries, such as Bar code system,batch Cost Tracking and Lot Tracking (Traceability). Other specific inventory management features include:

• Transfers from Multi-Company and Warehouse
• Order Management and back order Fulfillment
• eCommerce and EDI Integration
• Serialized Inventory
• Multiple Types of Units of Measurement
• Kitting and Bill of Materials (BOM) Support

Inventory Management Tools

• Set Periodic Automatic Replenishment (Par) Levels
• First-In First-Out (FIFO), First Expiry First Out (FEFO), Last In First Out (LIFO)
• Manage Relationships
• Contingency Planning
• Regular Inventory Auditing
• Prioritize with Active Base Costing (ABC) method
• Accurate Forecasting
• Drop shipping
• Bar code system

Benefits of Inventory Management Software

• Online Multiple sales channels inventory management functionality allows you to track inventory across multiple sales channels including walk-in customers, phone, email, eCommerce, tradeshows, and more. You are able to know exactly what product you have on hand at anytime and anywhere
• Increase productivity by streamline the receiving, picking, packing and shipping process by helping you pick accurately and efficiently according to shelf storage locations, easily pack-to-container and then mark the order as shipped within the system.
• Distribute through multiple warehouse or store locations. You are able to manage your business easily by transferring inventory between multiple store or warehouse locations, work with 3rd party logistics companies and track inventory across locations, all from within the same system.