Inventory Management
Inventory or stock refers to the goods and materials that a business holds for the ultimate purpose of resale. Inventory management is the process of overseeing and controlling of the procurement of goods, and its storage in an attempt to fulfill end customer demand in a timely manner while minimizing the total cost of inventory. A business's inventory is a key asset that is tied up until the item is sold to end customer. It requires significant amount of investment to procure, store, track and insure inventory. Any mismanagement in inventory handling can lead to inventory shortage, or can have a significant impact on your business which will eventually have an impact your balance sheet. Therefore, inventory management is one of the most important functions of any business.
From the Inventory Management responsibility , you can manage various operations with respecting to inventory management.
With Just Billing Software, you can enter system stock of a product based on its physical count. On a day to day basis, physical count of inventory may increase or decrease due to stock received or wastage, stock movement etc. Such adjustments can be entered via this application.
Just Billing app provides various types of inventory adjustment such as Initial Stock, Over Shipments, Incorrect Receiving, Breakage, Wastage, Theft, Loss, Others – StockIn, Others – StockOut, Physical Count-IN, Physical Count-OUT, Spoilt.
