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Inventory Management Software for Small Business

Inventory Management Software

With so many cloud-based inventory applications from SaaS to mobile in the market, how do you choose the best one? Are all inventory applications have similar functionalities? Can the same inventory application support manufacturing, trading, wholesale, field service, and other use cases? Let's explore! Inventory is the goods or materials a business keeps in the warehouse to sell to customers for profit.

Inventory management software is a software system for tracking inventory levels, orders, sales, and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages. The following are some of the key functionalities that an inventory management system performs:

Pick, pack and ship sales

Quoting and invoicing

Returns management

Reordering

Serial number tracking

Lot ID tracking

Kitting/bundles

Manufacturing — Bill of Materials (BOM)

Receive purchase order

Label printing

Customized data fields

Sales Order

Purchase Order

Sync invoices and bills to QuickBooks

Getting Best Inventory Management Software for B2B

For business-to-business operations, you must look for an inventory management application which includes purchase order and sales order. It is important that your small business can vbe run just using one application rather than three different one. There are distinct features you must look for in these three modules. Here are some of the examples:

INVENTORY MANAGEMENT

Inventory management software for small, medium, and enterprise companies and fully integrated with sales and purchase order systems.

Multi-locations warehouse

Stock transfer between warehouses

Items kitting

Bill of material

Track item activities

Set alerts for re-order

Lot or batch tracking

Integrated with sales and purchase orders

PURCHASE ORDER & VENDOR MANAGEMENT

Enterprise-grade purchase order system to purchase inventory or non-inventory items. Drives the complete approval process with budget control.

Preferred vendors and catalog

Multiple bills from one PO

Multiple currencies

Purchase order approval

Budget control

Dropship purchase

Process bills and returns

Multiple POs from one Sales Order

BoM to Purchase Order

SALES ORDER & CUSTOMER MANAGEMENT

An easy to use sales order management system which supports complex fulfillment. Built-in integration with Datamoto Inventory and Purchase order system. More on CRM software

Customer management

Quote to cash

Fulfill from multiple inventories, split and merge

Return and cancel

Split or merge

Dropship

Multi-currency support

FIELD SERVICE & CMMS

Manage your field sales and service operations with speed and efficiency. A cloud and mobile-based field service and CMMS application for effortless and proactive field management.

Schedule and dispatch the right person at the right time

The work order to track every job performed by technicians

Track assets

Search parts in the bins, trucks or warehouses

Equipment recall for the healthcare industry

Purchase to invoice

Estimate to sales order

Vendor catalog

Pricing tool

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Purchase Order for Small Business