Top 7 Guidelines to Improve Inventory Management

What is Inventory management?

Inventory management is the part of supply chain management, Inventory management is all about your product the exact stock of quantity, in exact place, at the exact time, exact price and exact cost. It also product exact time for sale and Real time sale information get you. Inventory management one of the best ways to maximize sales and minimize your manpower cost.

Real Time Analysis Your Business:

Every Business man can know her business daily situation like: how much sale today, when is the best sailing time, which product is best sale, total stock, when need new product and how much product purchase today etc.


First In, First Out (FIFO)

You purchase a product like a medicine expire date is this month 20 date and other medicine expire date is after 2 month. Which product your sale early? must be 1st product there expire date is this month. But your inventory bottom self this medicine you can’t know this. How to sale this? When you using a proper inventory software you see which product is expire early then your sale easily. FIFO helps your product not damage or business loss.

You can use MyInventory software. This software helps you Real-time track your product stock, vendor and customer due, paid and advance, Inventory Receipt, movement and order details. MyInventory using worldwide 100+ user.

First In, First Out (FIFO)
First In, First Out (FIFO)

If you want to see demo call 01941698614 or email: sales@my-softit.com

Identify low turn stock

Some product sale early and product stock is low. When you know which product, stock is low you can order. Other product not sale continuously so why you purchase this product. If you know some product have your stock many days you can offer discount and promotion.

Establish the ability to monitor all aspects of the inventory

Put a connected system in place that adjusts stock levels directly from your sales channels. By doing so, you can get excellent visibility into what’s selling well, what isn’t and the corresponding margins that come along with it in order to shape future decision making.

– Ryan Lazanis, Xen Master, Xen Accounting

Plan for the future

If you know your inventory management process and business growth, they will be a painful your inventory cycle. You have to begin getting ready presently to embrace an answer that can deal with your business development.

Plan for the future

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Sales Goals

on the off chance that your stores are encountering moderate or no development while coordinate to-client deals are blasting and are being filled from the business floor, does the store get acknowledgment for these deals? Or on the other hand are the deals demonstrated just as immediate? Each organization needs to work through what is reasonable and mirrors the deals and stock objectives store administration is in charge of.

The Key to Profit Generation and Cost Control

Inventory or stocks are the lifeline and represent whole image of any company or business. starting from the producing stage to the pursuit of product and elements throughout their transportation from merchant to warehouse, between the warehouses then to retail location or on to the client.

The producing business will utilize it to come up with work orders and bills of materials. Regular usage of inventory management software system will keep check on overstocking of product and outages. Inventory information is organized in associate ‘easy to access and operate way’ .

Advantages of Inventory Management Software

One of the foremost vital functions and edges of an Inventory Management System is to enhance stock management. you will be able to give your purchasers with the products need /they need/they require after they want them or a minimum of keep them up-to-date with correct stock data.

The ability to cut back your personnel can usually modify you to use less instrumentality within the running of your warehouse. You’ll want less of everything, for fewer folks are going to be gift to use your machinery and technology. this will quantity to some vital savings, not simply within the sense of reducing the necessity for replacement instrumentality within the future, however additionally in serving to to attenuate annual maintenance budgets as a result of less wear and tear on your instrumentality.

Hospital management software is the healthcare software that allows the hospital management software Bangladesh to upgrade their management system and develop their services and manage all materials of a hospital operation. MY SOFT IT provides Web-based software solution for hospital management software in Bangladesh. Our very talented and experience team has designed innovative software package to deliver increased efficiency of filing medical claims, creating bills and monthly statements, and storing secure data. This customization hospital management system is an integrated healthcare solution which included with Referral Management, Patient Registration, Client Management and Credit Control, Modality (Diagnostic) Schedule and Appointments, Procedure Management, In-patient Management System, Blood Bank Management System, Radiology and Imaging Information System, PACS Support, Pharmacy Information System (Drugs, Optical), Administration Functions, Pharmacy with Inventory System, Security and Software Management, Billing System, Electronic medical records, Inventory control, Billing and Revenue Cycle Management, Doctor Schedule and Appointments, Accident and Emergency Care, Day Care Management System, Doctor Consultation and Electronic Medical Record, Lab Information System, Purchase Inventory Management and Consumption Tracking, Hospital Support Function System, Diagnostic Management, Marketing Control System, Staff Payroll System, Medical Equipment Maintenance. The innovative alert system sends the text or email and improves the quality of patient care. MY SOFT IT helps to be aware of revenue stream, patient records and other key metrics at your fingertips and also allows electronic sharing of patient records with medical applications and handles the overall health of patients. Patient can see lab results and history in online, securely chat with providers, and schedule next appointment. It is developed in Bangladesh based on the best practices around the world.

Why you will choose hospital management software in Bangladesh?                                    

  • Developed & patient centric workflows and less paper work required.
  • Current information retrieval, Least workforce requirements and compatible with all devices, hence information is available anytime, anywhere, any device.
  • Images and laboratory machines Integration.
  • Online claims processing for cashless patients become much easier with use of Claims.
  • Web Portals provide services such as online appointment scheduling, patient lab /visits reports view.
  • Dedicated real-time customer support and User-friendly Interface.
  • Easy access to doctor’s data to generate varied records, including classification based on demographic, gender, age, and so on. It is especially beneficial at the ambulatory (out-patient) point, hence enhancing continuity of care. As well as, Internet-based access improves the ability to remotely access such data.
  • It helps to take a decision support system for the hospital authorities to developed comprehensive health care policies.
  • Expert and proper administration of finance, diet of patient, engineering, and distribution of medical aid. It helps to see a spread picture of hospital growth.
  • Elevated monitoring of drug usage, and study of effectiveness. It is leads to reduce of adverse drug interactions.
  • Raise information integrity, reduces transcription errors and reduces duplication of information entries.
  • Hospital management software is very easy to use and eliminates error caused by handwriting.

We never consider with our quality and we provide our services with affordable cost. Our clients are more valuable for us. So don’t be late to develop of your Hospital management software.

MY SOFT IT EMS system provides user friendly software with multiple user login like Teachers, Student, Staff, parent and Management of Institution. The various modules available in our EMS software facilitate all the processes all any education institution. school management software.

Our software has institution related all feature like Student information, Result, Accounts, Attendance,class routine, exam routine, Examination, Grade book, Hostel, Transport, Library, School year Calendar, Event and Holiday info, Teacher information, Teacher salary, Class schedule, human resource management, inventory management, institution account management, batch and session management and many more.

we offer software with website is free.

School Management System Features :

Student Management
Student Info Management
Student Attendance
Manage Class Routine
Manage Exam Routine
Attendance SMS Notification
Class Schedule SMS Notification
Exam Schedule SMS Notification
Result SMS Notification
Custom SMS Notification
Teacher Info Management
Teacher Salary Management
Student Fee Management
Student Fee Management Notification
Holiday Calendar
Library Management
Event Management
Campus wise shift Management
Report Card Management
Id card genarate
Manage Exam Marks
Manage Accounts Expense
Store and Inventory Management
Transport / Fleet management
HR and Payroll Managment
Database backup/restore (Management)
Complete Solutions for School Management Software System

For any information Accounting Software features or more details.
Please call us : +8801941-698614 ( 10AM to 10PM )

school management software in Bangladesh

Inventory Software developed by MY SOFT IT is a low cost complete business Inventory management software designed for Industrial Suppliers, Buyer, Dealers, Stockists, Distributors, Agents, ecommerce Owners, Shop Owners, Retailers, Buying House, pharmacy etc. Inventory Software by MY SOFT IT supports complete Stores Inventory and stock Management, Multiple Warehouse Management, Invoice, Purchase Order and other formats Printing and Order Processing for Purchase as well as Sales.

It has many special features like Bar Code scanning and can print Bar Code labels, Invoicing, Stock Report, which you can stick on products to get exact inventory present at all shop locations. It is a Multi User role software along with high security system. You can create users assign them rights and manage their user accounts.

The general term of inventory software can encompass additional aspects of a company’s operations including warehouse management Software, supply chain management and operations management in tracking products as they move from vendors to warehouses, between warehouses, and finally to retail locations or directly to customers.

Inventory Software Smart Feature

  1. Stock Transfers and Reports.
  2. Production, Consumption and Related Reports.
  3. Physical Stock Verification
  4. Stock Reports (Department, Group, Brand , Principal Company & Supplier Wise)
  5. Re-Order Management
  6. Warehouse Management
  7. Default Supplier Terms auto filled during Purchase
  8. Auto Fill Last Cost and Sale Price at Purchase
  9. Display Last Transaction at Purchase and Production
  10. Easy Capture of Inventory Images
  11. Rate Change (Can handle multiple rates)
  12. Use Product Barcodes (UPC/EAN/ISBN)
  13. Three Level Hierarchy Definition with added Dimension of Two Level
  14. Material return
    Negative Stock Maintenance
  15. Stock Discrepancy Statements with an option to update the stock
  16. Itemized Tax / VAT and Sales Tax Register Detail / Summary Format
  17. Barcode printing option
  18. Smart Reporting ( Customizable as per client’s need )
  19. Confirmation of receipts, picked or dispatched by location, lot/batch and/or serial number.
  20. Goods receipt matching and inspection.
  21. Inventory Count/Stock Take Management, Minimum & Maximum quantity alerts.
  22. System generated inventory count

Our Inventory Software Special Feature

  1. Multiple Store Location Management.
  2. Sales Management.
  3.  Purchase Management.
  4. Reorder stock
  5. print or email purchase order
  6.  Multi User Software.
  7.  BarCode Scanning and Printing.
  8.  Stock Transfer, Stock Adjustment.
  9.  Print PO, GRNs, Dispatch, Stock Reports.
  10.  Large Number of Reports.
  11. Send email and SMS when Stock Low
  12. Alert Product is older

✌Understand your business better✌

✍Get a graphed timeline of your sales, profits, or inventory levels. See how your business is doing visually!
✍customizable reports

 

See Demo

 

For any information Inventory Management Software features or more details.
Please call us : +8801941-698614 ( 10AM to 10PM )

MY SOFT IT is the leading accounting software company in Bangladesh.MY Accounting Software includes a complete accounting software that tracking all financial details of your business. All information are reporting you can view, print, send email and download pdf with Accounts Receivable, Accounts Payables, Budgeting, General Ledger, Automated Invoicing ability for system to automatically send monthly statements to your owners, you will stay ahead of your work and be free to dedicate your time elsewhere.

Sales And Accounts Receivables

  1. Open Customer Accounts and Customer Branches
  2. Make Sales Areas, Sales Types, Sales Groups, Salesman Groups
  3. Make Sales Groups for grouping Customer Branches
  4. Prepare Sales Quotations (with inquiry and creating of Sales Orders)
  5. Prepare Sales Orders and Goods Delivery Notes
  6. Prepare Customer Invoices and Credit Notes
  7. Make Batch Invoicing for more than one delivery order.
  8. All of the Sales documents are completely editable and printable
  9. Point of sales definitions for better handling of cash sales
  10. Customer Payments and Allocations
  11. Company logos can be attached to sales documents
  12. Dimensions can be selected for Sales Delivery and Invoices
  13. Shipping Costs and Legal Text can be added to Invoices

Purchases and Accounts Payable

  1. Open Supplier accounts
  2. Make Purchase Orders, Goods Receival Notes and Payment Terms
  3. Clearing of Goods Receival Notes
  4. Entry of Supplier price lists & related conversion factor into purchase prices
  5. Prepare Debit Notes and record Credit Notes from Suppliers
  6. Supplier Payments and Allocations
  7. Company logos can be attached on documents
  8. Option of attaching scanned documents with transactions

Inventory and Stocks

  1. Record Stock Items
  2. Define Item Categories and Item Locations
  3. Record location transfers and other adjustments
  4. Set re-order levels for Inventory Items
  5. Automatic calculation of average material cost (per unit)
  6. Application of standard and overhead costs, into material prices
  7. Quantity of Items can be measured into standard units
  8. Foreign codes registration for barcode scanner entry

Manufacturing

  1. Prepare bills of materials, Work Center inquiries and Work Order entries
  2. Feasibility of adding advanced production and simple assembling features

Payment Cash and Bank

  1. Open Bank and Petty Cash Accounts
  2. Record payments, deposit and withdrawals in related accounts
  3. Various currencies can be added and foreign currency translation is also done
  4. Record bank enquiries and reports
  5. Prepare bank accounts reconciliation
  6. Transactions can be made void and reprinted

General Ledger

  1. Open general ledger accounts, account classes and groups
  2. Record journal entries and budget entries
  3. Generate ledger accounts detailed enquiries with drill down reports
  4. Make journal enquiries with an option to view journal entries
  5. Closes the fiscal year and brings forward retained earnings
  6. Record depriciation entries on period based
  7. Make journal entries with corresponding entry in supplier / customer account
  8. Filter General Ledger reports by dimensions
  9. Quick entries (preset GL transactions) in bank deposit/payment, journal entry and supplier invoice/credit

Reporting and Sending Email

  1. Print, Email and Convert into PDF; all the reports
  2. Export the reports in MS Excel/Open Office Calc format
  3. Generate reports on periodic and financial years basis
  4. Email documents directly to customers
  5. Make graphical analysis (Horizontal/Vertical Bars, Dot Lines, Pies and Donuts)
  6. Tag and save report selections

Access Levels of User

  1. Different companies can be set-up simultaneously
  2. Separate financial years can be created and closed against entries
  3. Multi user access with different privileges
  4. Make backups and restore for companies
  5. Date Picker with week numbers for all date fields
  6. Simple Audit Trails
  7. Extensions for customizing menu tabs and applications

Other Details

  1. Every document can be emailed and printed simultaneously
  2. PDF can be formatted for every document
  3. Projects, Cost Centers, Departments can be added, using Dimensions

See Demo

For any information Accounting Software features or more details.
Please call us : +8801941-698614 ( 10AM to 10PM )

We Develop world class Advocate Management Software. This  software can easy and hassle free for your client, account, Case and documentation maintain.

See Demo

For any information Advocate Management Software features or more details.
Please call us : +8801941-698614 ( 10AM to 10PM )