What is Inventory Tracking Software?

 

What is Inventory Tracking?

Inventory tracking is a process, which designed to maintain a stock system which not only shows the addition of product to inventory warehouses, but also define the spending on existing inventory. The Inventory tracking normally provides information like, what Product is in stock, what is on order, when it will come and what has been sold, the data enable companies to replenish the inventory in a timely manner.

 

Why Inventory Tracking is requiring?

Inventory tracking is core process for every business whether it is in manufacturing business or in Trading Business Nature; it helps companies to track their stock transactions & availability of goods in the warehouse at micro level and in a timely manner. Inventory Balancing is a crucial task which requires three key aspects for any lucrative inventory.

1. Timely procurement.
2. Streamline the Vendor Process and define their Lead Times
3. Set Product Re-Order Level according to product demand.

To maintain & track the status of entire stock transaction on the Finished Product and Raw Material, we required Inventory tracking applications internally, because Inventory Management is Crucial & Mandate Process for every business who handles stocks at their warehouses.

SalesBabu Online Inventory Management System providing a robust Tracking Tool on entire purchase & inventory process @micro level, where companies can easily track their purchase quotas, and can synchronize their plan’s effectively. SalesBabu Inventory keeps TRACK on total material movement and allows companies to track effectively all the Pending and In-process Schedules upon the required raw material or item and enable them to reduce the overall stock keeping cost.

SalesBabu Web-based Inventory Management enable lucrative tracking tool on stock transaction at micro level and enable companies to take real time inventory status on Stock.

SalesBabu helps organization to handle all Inventory stuff on single computer and allow them to synchronize all inventory levels & operational things on one platform and every information club with other information, which enable companies to manage & keep track all the Material Movement.