Must-Have Inventory Management Software Features And this happens when an enterprise has no record or visibility of the said stock. Items that remain unsold and/or go obsolete become dead stock. Beyond that, such businesses would be dragged down almost immediately if they try to scale up with the same old manual systems to manage inventory. Some verticals might still be able to carry on with manual systems in niche categories, but with severe limitations and for a limited time period. The end result is that an enterprise will overstock or understock materials, and never the right quantity in line with the trend and demand. And enterprises that use manual or legacy software systems are unable to respond to uncertainties in time. Market volatility means demand fluctuations. Without data-driven insights, manual inventory management systems severely limit the potential of enterprises to overcome demand-supply constraints. Supply chain visibility is critical to the functioning of any enterprise, whether global or regional. Challenges in Inventory Management Low Visibility However, it’s not a “one size fits all” solution. ![]() Advanced digital inventory management systems can meet the requirements of the most complex global supply chains. An inventory management software automates this tedious process, along with reporting for actionable insights. ![]() Inventory management is the process of managing and tracking inventory or products - including ordering, storing, organizing, selling and delivering - in an enterprise’s value chain.
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