ERP Inventory Management Software - Fully-Featured Inventory Management Solution for Your Business

 

 

What is ERP Inventory Management?

 

ERP stands for Enterprise Resource Planning. ERP inventory management is an integrated operational approach utilized to manage and track inventory across multiple channels, including both wholesale and retail distribution. 

Enterprise Resource Planning (ERP) inventory management is a system that enables businesses to manage all aspects of their business on a single platform, including inventory, finance, planning, logistics, and operations. 

An ERP inventory management system provides real-time inventory information to the entire company. This is an important capability for businesses that plan to enlarge, have complex workflows or supply chains, need advanced automation, operate in “just in time” mode, sell many products, or simply wish to enlarge their investments in inventory.

 

ERP Inventory Management Software - Improve Profitability with Enterprise-Wide Control of Real-Time Inventory Data.

 

BookingXML ERP Inventory Management is a robust solution with full integration to other modules including Order, Procurement, and Warehouse Management. It enables complete control of your supply and demand by setting Min/Max levels, transferring orders across multiple warehouse locations, including open orders and trends. All transactions are check trailed providing real-time visibility and traceability.

BookingXML ERP Inventory Management Software offers enterprise-level solutions for distributors and manufacturers. It offers complete automation of your inventory with advanced features and a user-friendly interface.  BookingXML is designed to help run your business more efficiently and manage your cash flow.

BookingXML ERP inventory management is flexible, user-friendly, and excellent in performance for managing complex inventory, tracking purchase orders, and overseeing the barcode tracking system. And also, Management software helps your growing business radically reduce inventory carrying costs by giving you full visibility and tracking the movement of inventory from order to delivery in real-time.

Finding the right inventory management solution is one of the most important things you can do for your eCommerce business, especially as you expand into different channels and markets.

Keeping track of accurate stock levels and managing your inventory across different channels can impact not only how quickly orders are fulfilled and shipped, but also other aspects of your business, such as operations and finances. 

That’s why many eCommerce businesses choose to implement an ERP inventory system to reduce the margin of error and improve efficiencies. 

BookingXML specializes in travel ERP software development. We also have expertise in building Best Inventory Management Software for managing your inventory and warehouse operations efficiently, accurately, and quickly. 

We develop the best Inventory management software integrated with the ERP system that reduces errors and helps you to take quick decisions

Our Travel ERP is to help you manage all your business rules, such as markups and margins based on predefined criteria for effective revenue management for all types of clients.

We offer a complete set of B2B and B2C Booking Engines for Flight Bookings, Hotel Bookings, Car-Rentals, Holiday Booking Packages, Sightseeing Bookings, and Transfer Bookings. We provide a booking platform that can be easily integrated with any third-party supplier of your choice as well as directly contracted inventory.

BookingXML ERP Inventory Management Software is a standalone application however the software is bundled with warehouse management or supply chain management systems. 

BookingXMl custom ERP solutions ensure that the process of managing inventory and retail stores is more accurate, fast, and easy. We assist you to streamline your business processes with our top-notch inventory services. 

Our dedicated team uses the latest technologies to bring the best business solutions to you. We give timely client support and ensure that all your integrations are done within the stipulated time frame.

This Cloud ERP inventory management software is utilized by retail, distribution, and manufacturing. It is clubbed with retail merchandising systems wherein clients can also manage to price. Whether you are a manufacturer or a trader it is imperative that you need to track your inventory regularly, more so with the inventory that moves faster and sells briskly. 

BookingXML Cloud ERP Inventory Management Software has all the tools that are required by you. The solution has a set of pre-built components that automates and streamlines all the inventory activities of your organization along with providing real-time visibility of inventory.

We provide custom development mobile app development solutions, which give you instant access to your inventory data.

Our experienced team could create an application that helps you track the movement of your inventory from one location to another.

We offer a variety of integration services that will upgrade your existing system.

 

How does ERP help in Inventory Management?

 

 

ERP assists businesses to make better decisions by providing accurate inventory data. ERP inventory management systems allow businesses to control their logistics, operations, finance, and inventory from a singular system reducing errors and improving efficiency. For most businesses comparing ERP systems, the inventory capabilities and features will be a number one concern. 

 

Planning Replenishment Orders

 

• Inventory management enables you to properly plan your replenishment orders. Your inventory quantity must be accurate so when the signal to buy or make more is received, you have confidence that you need to take action. 

• Your ERP inventory management software enables you to categorize parts which helps easily order the right quantity. One item is ordered only when there is a specific demand in exactly the quantity to meet the demand. 

• Another item is ordered when at a lower cost and easily procured. Your goal here is fewer transactions so you order enough to satisfy all the demands seen in the next three months. Optimizing replenishments means fewer transactions and that leads to better inventory accuracy.

 

Surplus Inventory Management

 

• You can quickly see and react to surplus inventory. Whether the surplus is caused by a decrease in demand or you learn that the economy of a good buy wasn’t so economical, your ERP inventory management software will spotlight the surplus immediately. 

 

Inventory Tracking Turnover

 

• You can track the turnover of inventory by segments and not just overall. ERP inventory management systems enable you to categorize your inventory in many ways and to analyze whether your inventory assumptions are true.

 

Business Savings

 

• You save time and money through better inventory organization using your ERP inventory management software. Better organization can lead to improved client satisfaction. 

• The organization might mean moving your items with the most transactions to locations at the front of the stock room and near each other. It could mean combining the parts used for a particular order in nearby bins. 

• ERP is easily used to improve inventory organization and the results can be much-improved efficiency and better productivity in your stockroom. Your employee satisfaction goes up and your profits right along with it.

 

Prominent Features of ERP Inventory Management Systems

 

 

Stock Tracking and Transfers

 

• This system enables the organization of specific items. It can identify an item with an identification number and its location. Related term inventory records or perpetual inventory records is a continuous account of the incoming materials, outgoing materials, and the balance on hand.

 

Warehouse Management

 

• It increases the visibility of warehouse management. It enables real-time data to integrate with the system and reduces negative inventory.

 

Managing Purchase and the Sales Order

 

• It consists of a tracking mechanism; this assists to track the details of bought and sold items.

 

Payment Gateway

 

• ERP payment gateway allows the inventory system to buy or sell inventory items.

 

B2B e-commerce

 

• Businesses are switching from offline to online stores. A B2B e-commerce solution assists the wholesalers and retailers to sell in masses, which empowers them to connect to the world.

 

Intelligence Reports and Analytics

 

• ERP system builds detailed analytical reports, and this includes all the aspects of the business, including inventory control and analysis.

• ERP Inventory module helps in organizing and maintaining the warehouse. The analysis of the surplus stocks, rejections, repairs of the warehouse, enabling the smooth functioning of your manufacturing unit.

 

Benefits of ERP Inventory Management

 

The potential benefits of ERP inventory management are far-reaching:

 

Increased Efficiency

 

• There are huge time-saving implications of using ERP inventory management software. Managing operations using a centralized system not only cuts down on double-handling but also allows for the automation of daily tasks. This translates to increased production and more accurate output in less time.

 

Cost Savings

 

• Every business owner knows that efficiency equals cost savings. Rather than paying for segmented resources or systems to handle different parts of the business, ERP inventory management systems handle many working parts simultaneously, reducing overall workload and minimizing expenses.

 

Supply Chain Transparency

 

• A growing number of businesses are using shipping providers to outsource their shipping and logistics requirements. An ERP inventory management software enables you to integrate with external partners to ensure all systems communicate with each other. Stock, order and shipping information is therefore synced across the entire supply chain.

 

Accurate Data Collection and Reporting

 

• With key updates on stock, orders, and clients in a single location, ERP inventory management enables quality data collection. Most systems will also enable you to create and save custom inventory and sales reports to track business performance and plan for growth.

 

Enables Business Expansion

 

• ERP inventory management systems are designed to reduce manual labor, by automating and streamlining processes – all of which go hand-in-hand with growing a business. If scaling up locally or expanding internationally is on your radar, an ERP inventory management system can provide the space and freedom you need to grow.

 

Why Choose BookingXML As Your ERP Inventory Management Software Company?

 

BookingXML, an Inventory ERP Solution provides the benefits of streamlined operations, excellent product management, effective cost control, and very importantly enhanced and secured administration & control. 

BookingXML is a complete Web-based Inventory Management System that provides end-to-end customer services and a very good facility for recording information and maintaining records, thus reducing errors. It can be used either, online or offline.

Our Inventory solution is robust, interactive, user-friendly, flexible, and is designed and developed to deliver real benefits to all levels of stores i.e from big retail stores to small stores. 

Our Inventory Management Software covers a wide range of Stores administration and management processes in terms of Management modules. It is an integrated end-to-end Inventory Management Information System that provides required information across the store.

This Inventory Management software is reliable and assures complete security of data. It has been designed keeping in mind today's complex requirements and the importance of TIME. It uses a browser-based and user-friendly interface which helps users to view the content very fast. The Inventory software is developed in a fully Internet/Intranet environment and runs on all browsers.