Our ERP Inventory Management Software is designed for travel companies based on their needs to provide the best customer service and automate day-to-day processes securely while coordinating various departments and offering all information in real-time.

 

 

What is an ERP Inventory Management?

 

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

ERP systems help businesses manage complex inventory processes across multiple locations by utilizing real-time data. While all ERP modules share the same platform, each function operates as its piece of software. This has the advantage of allowing data to be shared between modules, allowing for faster and more accurate calculations.

 

Best ERP Inventory Management Software for Travel Agents

 

BookingXML is a leading provider of ERP software solutions that help businesses streamline their business processes/operations and maximize their productivity. We aim to offer the best services in the niche. ERP solutions offered by us are being used globally as well as appreciated for being at the disposal of clients’ needs.

BookingXML ERP Inventory Management is a robust solution with full integration into other modules including Order, Procurement, and Warehouse Management.  It enables complete control of your supply and demand by setting Min/Max levels and 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 bar code 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.

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. Our Inventory solution is robust, interactive, user-friendly, and 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.

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 prefined criteria for effective revenue management for all types of clients.

We offer a complete set of B2B and  B2C Booking Engines for Flights, Hotels, Car-Rentals, Holiday Packages, Sightseeing, and Transfers. 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.

As a leading Travel Technology Company that develops end–to–end travel ERP software with booking engines, supplier integrations, agent management, API Integration, and dynamic packaging for travel agencies, tour operators, online travel agencies, DMCs, TMCs to automate travel business processes and maximize online bookings.

Our Travel ERP Software Solutions cover all travel business processes right from transaction handling, to multiple sales channels – B2B, B2C, and B2B2C.

BookingXML offers the best Travel ERP Software with advanced XML API Integration, allowing travel companies to integrate hotel, flight, transfer, tour, and activity inventory from global travel suppliers through single API integration.

BookingXML Travel ERP meets the requirements of a modern travel business. The travel enterprise platform enables travel companies to provide excellent customer service, maintenance, day-to-day operations, and real-time data access.

Our Travel ERP Software can be deployed at every stage of the travel industry and in different endeavors for Human Resource Management, Accounting Management, Sales Management, Enquiry Management, Client Management, Report Management, Quality Management, and so on.

BookingXML experts are skilled with decades of expertise that are ready to build an ERP system in line with your business needs. This travel enterprise platform will yield business revenue, making it easier to assess organizational performance, track financial flow, and improve brand efficiency.

 

Basic Functions of ERP Inventory Management System

 

 

Proper inventory management will bring significant efficiency to your entire business. The inventory management process will be streamlined. Besides, you can track the entire order process, inventory level, sales, and delivery at the point of sale. Below are the basic functions of the ERP Inventory Management system:

 

Simplify the inventory management process

 

• The system helps to automate key business processes; therefore, you can save costs and time. Managing your inventory processes such as checking inventory, ordering, and more gets easier as it guides you to make smarter decisions. 

 

Quality Management

 

• One of the great functions of an ERP inventory management system is to manage the quality of goods. The software can identify and track possible problems in the warehouse such as delayed shipments, damaged packages…etc. Furthermore, through the analysis function, the system guides the factors affecting quality.

 

Automated reporting

 

• The software will automatically generate reports for businesses. Reports based on available data in the system are given such as low stock, perpetual inventory confirmation, and inventory forecast.

 

Adjust products appropriately

 

• Too much inventory takes up warehouse space. Or the quantity of products is too small, leading to out-of-stock. The ERP inventory management system will handle all of the above situations. This software tracks low inventory and sets automatic re-orders for each product. In particular, it can estimate product demand, minimizing the risk of over-ordering.

 

Serial-number tracking

 

• The software can manage an infinite number of serial numbers. This serial number can be from the time of receipt until discharge. Furthermore, the serial number data is permanently recorded in the system for further reference.

 

Automate all processes

 

• The main function of this software is to automatically manage the warehouse-related process. The system can manage all operations including order management, list management, and shipping management.

Investing in an ERP inventory management system won't let you down. It reduces process complexity, increases revenue, and saves significant time. For your business to grow efficiently, choosing an inventory management system is indispensable. 

 

How does ERP help in Inventory Management?

 

Enterprise resource planning inventory management or more commonly known as ERP inventory management aids businesses to manage and streamline their operations in an efficient, cost-effective manner.

ERP inventory management provides businesses the opportunity to manage funds, operations, and inventory in a single place which decreases the risk of errors and boosts efficiency.

Furthermore, ERP aids business owners to make strategic decisions by utilizing precise real-time data.

Benefits of ERP Inventory Management System

 

Customer service is a top priority to ensure the success of your business. Therefore, an ERP strategy is necessary, especially an ERP inventory management system. An inventory management system offers a range of benefits to help businesses improve customer service. We have filtered out the benefits below that this system offers:

 

Increased accuracy

 

• This software comes with a solid inventory management feature, the system will report the exact amount of inventory. Thanks to that, you can know the number of goods that are about to run out to replenish in time.

 

Cost-effective

 

• By automating main business activities, businesses can reduce staff costs and maximize profits. Besides, businesses also limit other amounts of money such as lost or obsolete products. The software also uses marketing and production to drive profits for the company.

 

Better product identification

 

• ERP inventory management system allows product management by barcode. Businesses will have an overview of the details of the products in their inventory. So it optimizes the work of businesses. In addition, businesses can detect sales trends, and recall expired products.

 

Improve customer service

 

• Thanks to business automation and high information accuracy, businesses can fulfill product information, and customers receive goods on time. In addition, based on the reports, you can analyze the buying behavior of your customers to optimize your sales strategy.

 

Better decision making

 

• ERP provides data systems in a unified source, helping to reduce data-related errors. As a result, the reports obtained from the system are very accurate and support better strategic decisions. Based on the available data, businesses can take advantage of the analytical capabilities of inventory management software to make decisions.

 

Production without interruption

 

• By forecasting shortages or surpluses of goods, businesses can make timely adjustments to goods. As a result, the sales process is not interrupted, reducing complaints from customers.

From the above benefits, we can realize how important the ERP inventory management system is in optimizing business operations. An inventory management system is an ideal solution that businesses should prioritize. 

However, in the ERP implementation process, there are ERP implementation challenges that businesses can face. Thus, businesses need to plan carefully and meticulously for successful implementation, especially choosing the right ERP software vendor.

If your business implementation is successful, your organization can take advantage of its outstanding features and functionality. Moreover, ERP integration with other software and applications is the leverage to push your business to the next page. Your organization won't spend a lot of time or money performing manual actions that still make many human errors.

 

Switch to BookingXML  for ERP Inventory Management

 

 

While BookingXML is not a traditional ERP system, BookingXML provides various capabilities for small to mid-sized e-commerce businesses to easily manage orders and track inventory.

BookingXML's unique features, such as analytics and reporting, help you filter, sort, and group all data in your dashboard. Using it, you can analyze the overall performance and make necessary decisions.

It allows integration with third-party software so that you don’t need to manually add delivery stops before optimizing routes. Drag and drop the CSV file into the application and removes any duplicate addresses added in the route.

Once you’ve entered the delivery addresses, its route optimization feature recommends the best routes to accommodate more deliveries in less time, increasing the efficiency of your delivery team.

 

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 record 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 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 help's in organizing and maintaining the warehouse. The analysis of the surplus stocks, rejections, and repairs of the warehouse, enables the smooth functioning of your manufacturing unit.