Inventory Management and Purchasing

ManageMore’s inventory management features provide simple and straightforward inventory and purchasing capabilities for your business.  

Inventory management is critical for a company because it helps to ensure that the company has the right amount of stock on hand to meet customer demand. This is important because if a company runs out of stock, it may lose customers to competitors, while if it has too much stock, it will tie up resources that could be used more effectively elsewhere. Effective inventory management can also help a company reduce its costs by minimizing excess inventory, lowering storage costs, and reducing the risk of stock becoming obsolete.

This flexible system can track all forms and varieties of inventory.   From simple products and services, to more complex needs such as serialized or lot based tracking, kit compositions, inventory groups, weight-based items, and matrix inventory.  Multi-location inventory management, warehousing, stock counts and cost reporting are all automated for your business.

Automated Purchasing

ManageMore assists in maintaining exact stock levels, by automating the purchasing process.  The program automatically calculates sales patterns and inventory needs to identify which items need to be ordered and generates purchase orders for each vendor. ManageMore automatically tracks back orders, vendor lead time, along with economic ordering quantities.

Automating the purchasing process can be very beneficial for businesses, as it can help to ensure that they have the right amount of stock on hand at all times without having to manually track and analyze sales data. By generating purchase orders based on sales patterns and inventory needs, companies can save time and reduce the risk of running out of stock or overstocking. Automatically tracking back orders and vendor lead times can also help companies to better plan and manage their inventory, as they can be more certain about when they will receive new stock and can adjust their purchasing accordingly. Overall, using a tool like ManageMore can help companies to optimize their inventory management and improve their efficiency and profitability.

Serial Number and Lot Number Inventory

With ManageMore’s Serial Number Manager™ you can track individual items based on a pre-assigned or auto-generated serial number. Items are tracked from purchase to storage, sale, return, and resale, if necessary. With a simple click, one can view the entire history of the serial number, and drill and view the transactions involved.

Serialized inventory is typically used by companies that manufacture or distribute products that are made up of many individual components or that require strict quality control measures. Some examples of industries that might use serialized inventory include:

• Electronics: Many electronics products, such as smartphones and laptops, are made up of many different components that need to be tracked individually. By using serialized inventory, manufacturers can ensure that they are using the correct components in each product and can trace any issues back to specific components if necessary.

• Pharmaceuticals: Serialized inventory is often used in the pharmaceutical industry to track the movement of individual drugs and ensure that they are stored and handled properly. This can help to prevent counterfeiting and ensure that patients receive the correct medications.

• Automotive: Automotive manufacturers and distributors may use serialized inventory to track the movement of individual components, such as engine parts or transmission systems, to ensure that they are using only the highest quality components in their products.

• Industrial equipment: Companies that manufacture or distribute industrial equipment, such as heavy machinery or aerospace components, may use serialized inventory to track the movement of individual components and ensure that they are using only the most up-to-date and highest quality parts in their products.

These are just a few examples of the types of companies that might use serialized inventory. In general, any company that needs to track the movement of individual components or products in order to maintain quality control or meet regulatory requirements may use serialized inventory.

Inventory That Fits Your Business

Whatever specialized inventory function your business needs, ManageMore has it taken care of.  Whether you require Last-In, First-Out (LIFO), First-In, First-Out (FIFO)  or Average Costing, the program automatically tracks and records costs of inventory and goods sold. Inventory items can be comprised of other items, such as in Kit Compositions or Item Groups to easily affect multiple items at once.  An inventory matrix with variations on color, size, or other criteria is easily managed with one code.  Multi-location operations are a breeze with our easy item transfer and receiving capabilities.   And this is just the tip of the iceberg when it comes to inventory management with ManageMore.

Inventory Screenshots

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