Importance of Inventory Management
There is a need for supervision of items that are procured and purchased by the institutes on a daily basis. As, items will get on increasing and mess is going to be more complicated day by day. If the stock of all items is not managed properly and appropriately, the educational institute will never be able to keep a track of thefts, misplaced items, items sent out, or items sold. The school invests heavily in resources, its arrangement and maintenance.
Inventory Management System of Next School Choice is the best solution to this challenge. The stock purchase, sale, return, issue and verification can be easily manageable via this module. School automation software featured module covers all stock related functions of an organization. Stock inspection and valuation activities. That form the backbone of any organization generally, takes a lot of time and resources.
Inventory management module, provides a central database and point of reference for all stock, coupled with the ability to analyze data, generate reports, forecast future demand, and more.
Features of Inventory Management System :
- The lot wise stock of each item is maintained.
- Can assign a single product into one or more categories.
- Item can be bound with as many Tags needed.
- Brand of each item could also be added as needed.
- Various MIS are provided for tracking stock movement.
- It handles all the store activities of issues, dispatches, receipts and quality control.
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