NeuroERP's highly-flexible, cloud-based solution enables cost-effective inventory management with intelligent inventory analysis.
Track & manage all your production orders and operations on a centralized platform to avoid delayed deliveries.
Get both a quick overview & a detailed view of stock valuation, top-selling items & top-bought items, all at one place.
Conduct inventory valuation based on type (buy/ sell/ both) & category of the material (packaging material, finished good material, or others).
Generate reports based on inventory valuation from NeuroERP's reports dashboard. You can access the valuation of every item, as per FIFO & average price.
Assign & generate barcodes for products; along with barcode reports to track movements under every barcode.
Monitor diverse stores in your inventory & oversee the quantities of different items across stores.
One-click on any item & you can view the complete material movement history of that item based on previous documentation & transactions.
Measure actual stock & update their details on NeuroERP Inventory with ease, and make adjustments to reconcile actual stock and virtual stock.
View negative stock, low stock, re-order levels, high stock & more with NeuroERP's inventory management software.
With NeuroERP's inventory management system, you can also verify pricing based on FIFO & Average Pricing.
Define minimum & maximum stock levels and get alerts when your inventory is nearing safe levels.
You can add custom fields to any document & fetch item-level data from inventory into your documents.
By downloading pre-existing template or creating your own excel file, upload bulk data at once. You can also update stock by adding & reducing items.
Update dead stock rejected stock separately in a rejected store & view along with complete history at any time.
Map fixed item prices to respective counterparties, so that each time you don't have to manually check & update prices./p>
Approve & reject items and track all approved & rejected items with ease. This maximizes inventory control.
Transfer items from one store to the other based on FIFO pricing. You can also do this with bulk transfers.
Customize your column views, with option to hide columns in the inventory module. This makes inventory tracking more convenient for your team.
Item IDs are auto-generated on NeuroERP but you can choose to generate your own item ID or you can customize an existing item ID too!
It's a highly-customizable tool, for data-driven decision-making & intelligent
inventory analysis.
Worry no more, about inventory issues causing order delays.
NeuroERP is truly a one-stop solution for all your inventory problems!
Following are the important best practices for inventory management:
Inventory management helps a business to reduce stock updating errors and improve accuracy in tracking & control of inventory. By reducing excess inventory & optimizing inventory, stock management enables businesses to enhance quality of goods and improve customer service, efficiency, profitability, and reduce operating costs.
The best way to improve your inventory management is to leverage an automated inventory system that provides all stock data in real time. With the help of live data, you can ensure accurate stock analytics anytime and enable effective inventory forecasts.
Based on the importance of inventory management for every business, the different types of inventory are:
