Inventory Management System
Are you a retailer or a wholesaler or a manufacturer or a distributor?, do you need to keep track of your inventory or stock?. do you want to know when your stock is low so you can order more. Do you want to track all your damage goods or lost goods?, do you want to keep track of all orders received versus orders placed.
What is Inventory Management?
Inventory is anything that has been bought or purchased with the intent to sell. It consist of all your goods purchased or bought. Inventory management is process of managing your goods, keeping track of goods sold, goods damaged, goods lost, goods stolen and when you need to re-order for more goods when the quantity runs low or is very low. This way you can easily track your sales, profits and losses. We at Wapsoft -TE provide an inventory management solution for both retailers,manufacturers, distributors and wholesalers.
How it works?
Why choose our Inventory Management System?
With our inventory management system you can record and keep track of your inventory. Be it phones, gadget, home appliances etc
- You can view a list of your stock and cost price for each good
- View or compare the cost price per good as against the sale’s price
- Easily track all your damaged, stolen and lost goods
- View your profit earn for the sale of each good
- Generate Profit and Lost report
- Track all your booked or placed order as against your received orders, if there are shortages you will be able to identify them easily
- Know when your stock or inventory is running low so that you can order for more goods
- Guides you to make business decision as to when you are “over stocked or under stocked”
- It is scalable, it grows in function of the number of goods you have bought or purchased
- Your data is safe, non-corruptible as it is stored online(cloud)
- Export to see your product listing
Suitability or Target Market
Our solution is suitable for Retailers, Wholesalers, Manufacturers and Distributors. Our system simply put caters for small, medium and large enterprises.
Our system comes with an accounting module where you can raise journal entries and track payments, make deposits and view your trial balance, it is a full-fledged ERP.
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Article Written By: Ogonna Ifepe for Wapsoft Technologies Enterprise