Tired and sick of doing manual inventory management?

What is an inventory?

An inventory is an asset that is intended to be sold in the normal course of business. Inventory may not be immediately ready for sale. Inventory items mainly fall into 3 categories

·         That is in the process of being produced for sale.

·         The supplies or materials intended for consumption in the production process.

·         Kept for sale in the normal course of business.

This inventory classification includes items purchased and held for resale. In the case of services, the asset can be the costs of a service for which related revenue has not yet been recognized.

In accounting, inventory is typically categorized down into three different areas, which are:

·       Raw Materials.  It includes the materials that are intended to be consumed in the production of finished goods.

·     Work-in-process. Items in the middle of the production operation and which are not yet in a state ready for sale to customers.

·  Finished goods. Goods ready for sale to customers. Maybe termed publicize in a retail environment where items are bought from suppliers in a state ready for sale.

Why Emerge App?

Leave manual inventory management and join easy and quick online inventory management and Create beautiful, professional invoices & estimates in just a few seconds and then instantly email them as PDF's directly to your prospects or customers.

Enroll Emerge App now the perfect online inventory management system; it is all-in-one online inventory management software that is used in your business to organize your customers, sales leads, suppliers, invoices, estimates, purchase orders and much more. It's easy-to-use and there's nothing to install.

The perfect solution for all your accounting problems

Eliminate time-consuming management of stocks and join quick and accurate Inventory management solution; the best inventory management solution for easy and quick stock management. The Emerge App is suitable for small businesses and large enterprises. Part of the Inventory APP suite of enterprise applications like Asset Management, Procurement Management, Computerized Maintenance Management, and Compliance Management. It is the perfect solution for all your accounting problems.

Barcode scanning

It’s the simple tool that many small business companies overlook until errors start to creep into inventory records: a barcode scanner. Using this for small business inventory management can help with stock organizing, stock taking, and knowing when to reorder the stock.

Using the barcode scanning feature of Emerge App you can scan inventory into your orders, generate barcodes for your important documents and look for inventory or documents by scanning barcodes.

Software by Emerge APP to Get Benefits of barcode scanning

Business companies use barcode inventory software that just lets them create and print barcode custom labels, barcode inventory software by Emerge has the latest and accurate inventory management capabilities. If you need extra order management capabilities and inventory management, you may want to consider a more robust barcode inventory system by the Emerge App for your business. Instead of this we also provide Xero inventory management software, warehouse management, QuickBooks inventory, etc.

Emerge App has great leadership in the industry of barcode scanning use barcode inventory software by Emerge APP to Get Benefits of barcode scanning enroll Emerge app now!

How to Use Online Inventory Management Software to Desire

Emerge App is all-in-one online inventory management software that is used in your business to organize your customers, sales leads, suppliers, invoices, estimates, purchase orders and much more. It’s easy-to-use and there’s nothing to install.

Benefits of using an Emerge APP

Item variants

Organize inventory system using custom attributes such as size, color, and location. It is used to view how many clients or customers you have at each location or globally.

Barcode scanning

Scan inventory into your orders, generate barcodes for your important documents and look for inventory or documents by scanning barcodes.

Emerge App has great leadership in the industry of barcode scanning. So use barcode inventory software by Emerge App to get benefits of barcode scanning.

Business companies use barcode inventory software that just lets them create and print barcode custom labels, barcode inventory software by Emerge has the latest and accurate inventory management capabilities. If you need additional inventory and order management capabilities, then you must consider a more robust barcode inventory system by the Emerge App for your business.

Inventory management

Manage your inventory by using online inventory management software and check stock levels in real-time. Receive low inventory notifications and replenish purchase orders to manage your stock.

Purchase orders

With an integrated purchase orders feature of Best Inventory management software by Emerge app, you can easily replenish your inventory levels by ordering more stock and even track when those new items will arrive.

Location and zones

Does your business have multiple warehouses, offices, or retail stores? No problem. Easily track where your entire inventory is by organizing everything into locations and zones using inventory management software.

Estimates and invoices

Leave manual inventory management and join easy and quick online inventory management and Create beautiful, professional invoices & estimates in just a few seconds and then instantly email them as PDF’s directly to your prospects or customers.

Manage customer account

With built-in CRM features of Emerge App, you can keep track of all your prospect’s accounts with ease. Add multiple contacts, private notes, and efficiently review their purchase history.

Reports

Create extremely detailed reports for your inventory, sales, and services by using inventory management software and Filter your reports by date, category and price range to see what product is making you the most money and appropriate profits.

Accurate and quick online inventory management software

Emerge App is used to track inventory levels, sales processes, orders, and deliveries. It can also be utilized to generate production-related documentation such as work orders and bill of materials. Companies make use of this system to avoid overstocking of products and outages. Online Inventory management software by Emerge offers an improved way to organize inventory information compared to spreadsheets or paper. This solution resembles distribution software because it helps distributors spend less money on inventories, thus giving them an edge over competitors. Its features include order management, asset tracking, service management, and product identification. Explore emerge app for a perfect solution of stock management, managing inventory movement report efficiently and other recommended solutions in this category.

Key Features of Inventory Management Software

These are the several different features that are used to manage the inventory:

Product categorization:  This feature enables you to transfer products from one group/channel to another, and to categorize them by name, type, price, supplier, supply channel, and so on. Also, you get to manage full inventory control, since you can track every product, and forecast and support demand.

Sales/purchase orders: this advanced software makes it possible to manage purchase and sales from a single system, ideally, such that it is packed with order tracking tools, inventory controls tools, invoice management tools, and so on.

Electronic scanning: This feature is more than helpful, as it enables electronic data interchange, and caters to global selling trends. Scanning and tracking assets electronically is a whole new level of inventory control, allowing also electronic shipment and complete warehouse tracking.

Automatic ordering: Automated ordering saves companies both their time and their manual efforts for managing to bill and tracking their projected sales in an optimized way. This type of multichannel inventory management is welcomed for every retailer, regardless of whether he is selling only one product or many of them.

Dynamic product information: By dynamic product details using Emerge App, we mean access and full inventory control of your stock, and a close eye on every product available. In such a way, products can be managed easily, and the sales information about them can be easily integrated with the rest of the company’s software architecture.

Benefits of Inventory Management

Efficiency and Speed: This management system makes it easy to do a range of tasks from inputting data to taking inventory. It can take days to perform a manual count of inventory, but an inventory management solution can help you accomplish the task in a few hours.

Document Generation: The system managers can use the inventory software to automatically generate a range of documents such as account transaction, invoices, checks, and purchase orders.

Insightful Data: This inventory tool offers insightful reports on data such as how many units are in stock, how many have been sold, and which are the fastest-selling products.

Barcode Software: It makes stock management better using Emerge App Many business companies use barcode inventory software with the help of which you can create and print barcode custom labels, it has the latest and accurate inventory management capabilities to handle all your stock management problems efficiently.

Eliminate Manual Inventory Management and Use Online Inventory Management

Using online inventory management maintain exact stock counts, reduce errors, and avoid time-consuming manual the entry of items, location bins, pick orders, and inventory receiving. Online inventory management by the Emerge app helps you to compile and analyze necessary data, like transactions by site or warehouse, itemized inventory levels by SKU, or individual customer purchase order history.

If your small business company has inventory to manage, a barcode inventory management by the Emerge App can help you significantly to increase your efficiency in surprisingly basic yet important ways and it can also save you both time and money in all sorts of areas of your business company. An inventory includes stuff, such as a barcode scanner and printer and software that runs on computers and mobile devices that allow for barcode scanning and other operations.

BARCODE HARDWARE

 It is an essential part of any barcode inventory system having the right barcode scanners can make a large difference. it is used if you want to print your barcodes to create custom labels to put on every part and product in your warehouse, you will need a barcode printer.

BARCODE SOFTWARE

A few small companies use barcode inventory software that just lets them create and print barcode custom labels, but it does not have the latest and accurate inventory management capabilities. If you need additional inventory and order management capabilities, you may want to consider a more robust barcode inventory system by the Emerge App for your small business.

A good barcode inventory system should offer you several features:

·         Track parts across various locations

·         Integrate with your accounting system

·         Print and scan barcodes labels

·         Handle order management

The Inventory Movement Report lists the items that were involved in a code indicating the type of inventory movement and in transactions. The report also shows the inventory location that each item came from, and where it was moved to the destination. You can control the information on the report by specifying a range of item IDs, a date range when the movement occurred, and the type of inventory movement you want to list.

Selection criteria of Inventory movement report

Select an option or make entries in any of the following fields to control report output:

·         Start Item ID: Enter the first item ID you want to include in the report.

·         End Item ID: Include the last item ID you want to enter on the report.

·         Movement Type: Select a movement type from the list of movement codes.

·       Date Range: Enter a single fixed date, a date range (begin and end dates), or select a relative date option (Yesterday, Last Week, and so on) from the drop-down list.

To know more about inventory movement report take a look at EMERGE APP the leading inventory management app.

Online Inventory Management Software: For Companies Dealing With Incomplete or Finished Goods

Two methods allow you to review your inventory on two different timeframes

Continuous inventory system keeps a constant track of quantities; as soon as they get below a cutoff level, the manager places an order for a predetermined quantity which is calculated to keep inventory costs as minimum as possible. It is an Online Inventory Management Software, now you can review the history of any product from its purchase to sales any time. Emerge app works the best for it and manage the overall status of the products available for the sales.

 Advantages of continuous inventory system:

·         Knowing your stock levels in real-time.

·         A centralized system makes it easier to track stock across multiple locations.

·         It allows for management to have more direct inventory control.

·         Easier to see if a material is in stock.

Disadvantages of continuous inventory system:

·         This system cannot be maintained manually. A business must update specialized equipment or software, resulting in higher costs.

·         Recorded inventory may not reflect actual inventory.

·         Greater complexity requiring companies to train staff on the system or software used

·         Time usage since each transaction must be recorded instantly.

Periodic inventory system uses a very easy method used for counting; what is in the store or the warehouse by hand. Using this model the amount of stock on hand is estimated periodically. The amount to order is then fixed based on the amount on hand and expected demand. Therefore, all the orders are placed in a single batch per period.

Advantages:

It allows you to start without major preparations, and you can set the period measured to fit your company’s requirements.

It’s easier to implement, so long as your company is small.

Disadvantages:

Complexity in keeping several different accounts that keep track of the revenue cost of the material sold purchases and other key info.

Problems such as product theft can be difficult to notice in a periodic inventory system, leading to unrealized losses in sales.

For most businesses, these three models can seem discouraging- paying an experienced inventory company to come in to count your inventory physically.

Inventory Management software features

With the help of different features of inventory management, you will:

·   Gain better cash flow by having clear observation into goods costs, products that turnover fast or that are extra.
·   Achieve a larger profit margins by having a single, central source of truth behind buying costs, customer demands, conversions, diverse data streams across multiple channels.

To know more about inventory management software features take a look at EMERGE APP the leading inventory management app.

Choosing the appropriate online inventory management technique for your business

Inventory management technique is, above all, a convention where artistry, science, and techniques meet.

A good inventory management technique assists you to liberate time and money. Online Inventory management techniques can have real-time and monetary advantages. By observing track of which products you have on-hand or ordered, you save yourself the attempt of having to do an inventory enumerate to ensure your records are authentic.

Inventory management techniques

Different inventory management techniques used by businesses of all sizes

Bulk shipments

This approach reserve on the perception that it is always economical to purchase and shipping materials in aggregate. Bulk shipping is one of the dominating methods in the industry, which can be applied to materials with high customer demand.

The drawback to bulk, shipping is that you will need to layout additional charges on warehousing the inventory, which will most likely be neutralized by the amount of money saved from buying the products in large volumes and selling them off quickly.

Abc inventory management technique

It is a technique that is based on putting material or products into the division in order of importance, where A being the most valuable and where C is the least valuable. Not all entities are of the same value and more consideration should be paid to more famous products.

Despite the fact, there are no hard-and-fast rules, ABC analysis slender on the annual consumption units, inventory value, and cost significantly.

Cycle counting technique

This technique is a similar part of many businesses in inventory management techniques, as it usually helps to determine that customers can get what they want when they want it while keeping inventory asset costs as minimum as possible.

Just in time technique (JIT)

JIT technique helps organizations to save on inventory assets costs by keeping stock levels to the minimum and knock out positions where it is dead stock - the essentially frozen capital - sitting on the shelves for months on end.

Dropshipping and cross-talking

Dropshipping and cross-talking inventory management method eliminates the cost of assets inventory. When you have a drop shipping agreement, you can immediately shift your customer orders and shipment details to your manufacturer or supplier, who then ships the material. To learn more about inventory management techniques explore EMERGE APP the leading inventory management app.

This technique means you move material from one transport vehicle directly onto another with minimal or no warehousing. You might need staging areas where incoming material is sorted and stored until the outbound shipment is integrated. Also, you will need an extensive fleet and network of transport vehicles for cross-docking to work.

4 Essential Features Your Inventory Management App Must Have

Inventory management is a hassle-driven set of processes, those unified demand massive manpower & monetary resources. Plus, your business has to endure human errors which deeply complicate the whole matter.

Your sales graph slope is heading the upward direction, but your headache keeping a tab on inventory is also doubling at the same rate. Does that sketch your business story? Today, inventory control isn’t only about tracking the orders; it also means supervising in-and-out stocks, invoicing, and so much more. Are you comforting big troubles managing your supply? Now and then having the worst-case scenario of “Out Of Stock”? Too much stock for a non-selling product range is draining your profits? If the above sound familiar, it’s time to think about investing in an inventory management App.

However, many of us make the mistake of selecting just about the first inventory supervision software they come across. Look for the below-highlighted four features before you make the final call.

1.     Fundamental Management Control

Though it sounds obvious, many of the people in the business domain overlook this aspect when seeking inventory management software. This is because we are taken by the fantasy features that really don’t serve any purpose when governing your business inventory. Therefore, your foremost priority is to understand whether your prospective inventory management App covers all the bases of tracking the orders, stock movement and invoicing. If you don’t pay importance to these, you will end up making a regrettable blunder.

2.  Forecasting of Demand

Whether you are an e-commerce startup or a retail giant, inventing your resources wisely is the cornerstone to conquer big business feats. And, this comes from demand forecasting. Forecasting of demand provides you with every minute detail regarding how your different products are performing in the market. Not just the sales figure, but also the insight, knowledge such which color, size, and the pattern is captivating your target audience. Doing forecasting will let you stay one step ahead of the market curve.

3.   Accounting Integration

An inventory management App does the job of overseeing the stock flow and other tasks associated with it. On the flip side, the accounting software has the responsibility of supervising the cash in-and-out flow. So, when both are merged, your inventory App is integrated into the accounting software your business profits margin is bound to scale new highs and our business operations are met smoothly. Their association is the key to your business success in today’s competitive world are battling it out for every sale.

4.  Bar-Coding & Scanning Feature

While the escalating daily orders are exciting but can lead to big problems if you don’t have a proper mechanism in place to process and furnish them efficiently. If you operate a retail business with a volume of sales, then get an inventory App with Bar-Coding & Scanning functionality.

Last Few Words

Apart from these four, get inventory management software that allows seamless Xero inventory add on integration.