Key Takeaways
- Real-time multi-location stock is the foundation.
- Reorder alerts and ABC analysis reduce stock-outs and excess.
- Cycle counting keeps records accurate without full shutdowns.
Inventory systems vary widely. These features matter most for Indian traders, distributors and manufacturers.
The 14 features
- Multi-location, multi-warehouse stock
- Item master with variants and units of measure
- Reorder levels and alerts
- Batch, expiry and FEFO
- Serial number tracking
- Barcode and label printing
- Goods receipt and quality check
- Stock transfers between locations
- Inventory valuation (FIFO/weighted average)
- Cycle counting and audits
- ABC and slow-moving analysis
- Purchase suggestions
- Integration with billing/ERP and e-commerce
- Dashboards and alerts
Key reports
| Report | Use |
|---|---|
| Stock ageing | Find dead stock |
| Stock movement | Analyse demand |
| Valuation | Financial reporting |
| Variance | Physical vs system |
See demand forecasting and multi-channel inventory sync.
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Frequently Asked Questions
What features should inventory software have?
Multi-location stock, reorder alerts, batch/serial tracking, barcode support, transfers, valuation, cycle counts and reports.
What is FEFO?
First Expiry, First Out, used for perishable goods to dispatch items expiring soonest.
What is cycle counting?
Counting a subset of items regularly instead of full stock-takes.
What is ABC analysis?
Classifying items by value contribution to focus control on the most important ones.
