Inventory management through the most powerful accounting software

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Overview of the best inventory management software
Inventory control is of paramount importance to companies of all sizes and industries, and it requires oversight of every aspect of companies' inventory or assets. After the start-up phase, retail brands and e-commerce companies alike will quickly realize how well an inventory management system has been integrated as part of their day-to-day operations.
 
In terms of actual inventory management, the basic technique of pen and paper will not suffice for long. Not only is this system prone to bugs and errors, but it is also time consuming and can lead to companies losing valuable data-driven insights or even losing money. Therefore, it is highly recommended to use one of the various inventory management software options to keep inventory under control. From brick-and-mortar stores to large e-commerce businesses, no matter the scale of operations, an effective inventory control software can greatly benefit your company.
What is inventory management software?
Simply put, inventory control software provides companies with an overview of how much inventory they have, exactly where it is, and when it comes in or goes out. This allows companies to plan ahead, boost productivity, and manage customer expectations. Some programs are suitable for growing companies or smaller companies, while others focus on larger companies.
Below, we look at some of the advantages of inventory control software:
Increased productivity and efficiency: By automating daily operations, inventory software saves time and effort dealing with the most pressing issues within the company.
Avoid Excess Inventory or Deficient Inventory: With improved inventory accuracy, your company will have exactly the amount of inventory it should have, preventing lost sales.
Customer Satisfaction: Thanks to this comprehensive inventory management, customers will receive the most efficient service possible.
Careful Planning: Inventory control software helps companies plan ahead. It facilitates monitoring and analysis of trends, and plans for accurate inventory management.
Avoiding errors: With the automation provided by inventory management software, the possibility of human errors is reduced.
The various types of inventory management systems can be divided into four main categories:
The periodic system: This method ensures that all inventory data is updated at specific intervals rather than continuously. This system requires physical inventory accounting, so it is best suited for smaller companies.
The perpetual system: With this system, all inventory data is updated with every transaction such as sale, purchase, returns and discounts. In order for this system to provide inventory data in real time, it requires additional software, a coding system, or radio frequency identification.
Barcode scanning system: As the name suggests, barcode scanning allows businesses to pull inventory data based on barcode scanning at the point of sale (POS) stand. Incoming and outgoing inventory is automatically updated as soon as the item is scanned.
Radio frequency system:) Radio frequency identification (RFID) systems provide automatic control of the warehouse using fixed tag readers in each warehouse. This inventory management system is ideal for large organizations.
There are a bunch of different inventory management software out there – each offering different features and pricing. There are various criteria that can determine the inventory control program you choose such as your budget, industry and company size. So it is a good idea to do your research first in order to find a system that best suits your needs and the needs of your company.
What is the purpose of a specialized inventory control software?

The volume of materials related to inventory represents a large proportion, and therefore the inventory control program seeks to provide some features that serve the management of companies' inventories.
First, it must have an integrated storage cycle to control between stores and purchases, monitor sales, quantities purchased or issued for company projects as quantity and value, monitor deviations of issued amounts in line with the standard quantities approved by the technical office, and follow up on some solutions provided by the warehouse control program.
Solutions that must be available in inventory management software
Record all data items and classify them into groups.
Provide prices to deal with the type of exchange rate, purchase, and indexing.
The ability to import items from an excel sheet.
Providing information about the item at any time of the average, lowest and last "buy" price.
The ability to record the combination of assembled elements such as reinforced concrete.
The ability to record the item's bar code and deal with it while draining or inserting.
The possibility of dealing with services provided for items such as equipment transfer and rental.
This item can be credited linked to the Accounting Manual for use during the Accounting Instructions.
An integrated inventory cycle from the inventory record, the issuance permit number, the receipt authorization number, the internal transfer order number.
Of course, the reports should be there.

Fikra Program for Accounting and Warehouse Management
If you are looking for an account and storage software to manage corporate warehouses and stores. Companies can increase their profitability by 20%-50% or more by carefully controlling inventory; So if you want to stay competitive in today's business world, it's time to switch from pen and paper to real-time tracking and cloud-based inventory management software.
The Fikra program for accounting and warehouse management contains the most powerful accounting programs for warehouse management; The store management program is designed for large companies and institutions and consists of a series of main and sub screens that give the user the best solution to many accounting problems related to inventory. Such as the creation of primary and subsidiary repositories and the creation of d


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