WYS ERP’s Inventory management helps to optimize the inventory levels by controlling MRP, production process & timely efficient purchasing. Improve customer service and profitability with real-time access to available inventory, inventory in transit, and inventory costs with an inventory management.
Inventory software helps you control system-wide inventory to efficiently manage distribution process without losing track of costs. It plays vital function that determines the health of the supply chain as well as the impacts the financial health of the balance sheet. It requires constant and careful evaluation of external and internal factors and control through planning and review.
Inventory is an idle stock of physical goods that contain economic value and are held in various forms by an organization in its custody awaiting packing, processing, transformation, use or sale in a future point of time.
Finished goods inventory is held by the organization at various stocking points until it reaches the end customers. Defective products, defective parts and scrap also forms a part of inventory if these items are having economic value.