The raw materials, work-in-process goods and completely finished goods that are considered to be the portion of a business's assets that are ready or will be ready for selling. Inventory represents one of the most important assets that most businesses possess, However, possessing not enough inventory isn't good either, because the business runs the risk of losing out on potential sales and potential market share as well.

Inventory management forecasts and strategies, such as a just-in-time inventory system, can help minimize inventory costs because goods are created or received as inventory only when needed. Inventory are held in order to manage and hide from the customer the fact that manufacture/supply delay is longer than delivery delay, and also to ease the effect of imperfections in the manufacturing process that lower production efficiencies if production capacity stands idle for lack of materials. Inventory management is the active control program which allows the management of Manufacturing, sales, purchases, Invoices, payments etc..

Inventory management software helps create invoices, purchase orders, manufacturing details, receiving lists, payment receipts, shows Transient Stock, Create Production formula,and can also maintain Serial No. for products with bar code labels. ACE ERP system configured to your warehouse,Godown, multi-locations, retail or product line will help to create revenue for your company. ACE ERP will control operating costs and provide better understanding.

• Inventory Management Definition (Create Groups of Items)
• Inventory Management Terms (Define Individual Items and price)
• Inventory Production Formula for automatic Stock Managments
• Controls Serial No. of Production
• Operate multi-locations, Godown, Warehouses etc
• Stock in transient (Logistic)
• Statics with GUI (Graphical User Interface)
• Inventory for Damage and Scrap.
• Online Monitoring
• Sales of stock according to FIFO (First in first out basis).

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