Inventory Management

Keeping track of a company’s stocked goods at various locations comes under inventory management. It is a systematic approach to maintain the right stock at the right levels in the right place at the right time with the right cost. As businesses are getting more complicated each day, and there is so much do be dealt with, Inventory Management is one key aspect from various functions. Maintaining inventory at optimum levels is critical for ensuring seamless business transactions, reducing costs and maximising profits.

TEZ Books^TM Inventory Management is designed for traders and distributors. It tracks stocks at each branch / godown and allows you to effortlessly transfers stock between locations. With our well-researched Inventory Management system integrated with our cloud-based accounting software, you can avoid wastage of financial resources.

Business analytics help you track seasonal movements, party-wise sale/purchase, location-wise sale/purchase. Cloud based technology helps you track real-time inventory levels at various locations along with material requisitions / indents, pending purchase and sales orders to help you take informed decisions. Stock Aging Analysis helps you identify old stocks so you can take timely action to avoid dead inventory.

TEZ Books^TM also supports serial number tracking, which is especially useful for electronic industry. This helps users track serial number in stock and history of each serial number purchased, sold, returned or transferred.

With Order Management, business owners can check their pending orders and unbilled challans to ensure timely actions. They can monitor stock levels, create purchase orders, monitor sales orders and quickly create invoices based on availability of stock. All the documents are linked to the invoicing and financial accounting system of TEZ Books^TM.

Features of the Inventory Management in Accounting Software:

1. Maintain optimum inventory levels
2. Stock query to access to real-time stock at each location
3. Inventory Aging Analysis
4. Analytics for each Inventory Item
5. Minimum Stock/Reorder level with automatic alerts
6. One-Click PO based on stock levels, SO, Indents and ROL
7. One-Click Invoicing from SO based on availability of stocks
8. Stock transfer register for moving goods between branches/godowns
9. Closing stock value by Last Price, Average Price, FIFO & LIFO system