Inventory Management
Transform your business with Probiz!
Probiz’s Inventory Management System automates backend processes, allowing you to update stock levels effortlessly across sales channels, track item movements with precision, minimize deadstock to optimize your inventory’s efficiency, and much more! Inventory Management Software is a comprehensive solution for managing orders, tracking inventory, handling GST billing, and overseeing warehouses. It is an all-in-one software for inventory operations. The power-packed inventory management solution allows you to track inventory across multiple warehouse locations, scrutinize inventory reports, get quick updates on items with low stock, and more. The system is integrated with the barcode system that ensures smooth order processing throughout the supply chain.
Key Features
SKU/Item Level Bundling
Multichannel Price Control
SKU/Item Level Bundling
Introduce your product assortments in combo packs with bundling. This will allow you to show your products to a larger customer base
Order Routing
Multichannel Price Control
SKU/Item Level Bundling
Manage orders efficiently for a definite sales channel. Moreover, you can also update and replenish the stock on a daily basis.
Multichannel Price Control
Multichannel Price Control
Multichannel Price Control
Manage the price changes for various sales channels. Update your stock volume with a unified platform.
Multi Location Sync
Multi Location Sync
Multichannel Price Control
Operate on a system that can centralize your inventory. This will also allow you to sync your stock for different warehouses.
Custom Alerts
Multi Location Sync
Vendor Management
Get alerts on your current workflow by tracking stock-related information. Reduce the market risks such as underselling.
Vendor Management
Multi Location Sync
Vendor Management
Give your vendors limited access to your system. This will enable them to examine their stock at no cost.
Barcode Integration
Barcode Integration
Barcode Integration
Catch stock details by integrating with a barcode system. This way you can also ensure smooth processing and returns.
Integrations
Barcode Integration
Barcode Integration
Manage the operational flow with a system having ERP integrations. This will allow you to reflect actual products available for sale on marketplaces.
Stock Rotation
Barcode Integration
Stock Rotation
Address the challenges of inventory aging. Define the criteria to ensure regular stock rotation.
FAQs
What is Inventory Management Software?
Inventory management automates and streamlines the process of tracking inventory levels, recording stock movements, and generating reports on inventory status, cost of goods sold, and more. The software helps companies optimize their inventory levels and minimize the risk of stock shortages or overstocking while reducing manual labor and improving accuracy
What are the Benefits of Inventory Management?
Inventory management helps businesses optimize their operations, improve cash flow, provide better customer service, increase profitability, make data-driven decisions, enhance supply chain management, and reduce losses.
What are the 4 Types of Inventory Management?
Four commonly used inventory management systems are materials requirement planning (MRP), just-in-time management (JIT), economic order quantity (EOQ), and days sales of inventory (DSI). Each method has its own advantages and disadvantages, and the type of system used depends on the specific needs and requirements of the business.
What is most popular Inventory Method?
The FIFO (First In, First Out) method is the most popular inventory management method due to its close alignment with most businesses’ typical inventory flow. The FIFO method operates on the premise that the items purchased first will be sold first.
What is ERP Inventory Management System?
ERP inventory management is a comprehensive solution that integrates all aspects of business operations onto a single platform. This includes managing inventory, finances, planning, logistics, and other key operations.
What are the 2 methods of Inventory Control?
Two main methods of inventory control are perpetual and periodic. Perpetual inventory control continuously tracks inventory levels in real-time through transactions, while periodic inventory control takes a physical count of the inventory periodically.
What is the difference between ERP and Inventory Management System?
An ERP system integrates multiple business functions, such as finance, accounting, procurement, supply chain management, and more, into a single platform. While inventory management system is designed to help manage and control a company’s inventory levels, stock movements, and purchasing..
What is the best way to track Inventory?
The best way to track inventory is to use robust inventory management software that automates various inventory processes such as tracking inventory levels, controlling stock, handling orders, sales, returns, and generating reports.
What is the best way to manage Inventory?
Using a robust inventory management system is the best way to manage inventory. It automates and streamlines processes such as stock management, purchasing, and sales, reducing manual labor and improving operational efficiency and order fulfillment.
What is the main purpose of Inventory Management?
The main purpose of inventory management is to ensure that a business has the right amount of inventory at the right time and place to meet customer demand while also optimizing the use of resources and minimizing costs.