Inventory or Stock management System will be a key component for any business. It will control the physical processes and movements involved with inventory from the moment it arrives at a location, until the moment it leaves. It is to be used with the Purchase and Sales Module, which will perform all decision making regarding what inventory should be ordered from whom and when. This module can be used as an aid in the decision-making process regarding product planning and product availability in order to maximize sales opportunities.
This Module also helps in effectively tracking the stock of items. The module enables the user to ensure that sufficient stocks are maintained to satisfy demand. The module is logically classified into Purchase and Sales along with corresponding Returns. It has a Stock Adjustment option that reconciles the physical stock with the System stock in case of any discrepancy due to loss or destruction.