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Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. [1] 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.
Microsoft Excel now has the largest market share on the Windows and Macintosh platforms. [13] [14] [15] A spreadsheet program is a standard feature of an office productivity suite. In 2006 Google launched a beta release spreadsheet web application, this is currently known as Google Sheets and one of the applications provided in Google Drive. [16]
Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, but it is possible to conduct MRP by hand as well.
Zoho CRM is a customer relationship management application with features like procurement, inventory, and some accounting functions from the realm of ERP. [1] The free version is limited to 10 users. [1] In October 2009, Zoho integrated some of their applications with the Google Apps online suite. [7]
Field inventory management, commonly known as inventory management, is the task of understanding the stock mix of a company and the handling of the different demands placed on that stock. The demands are influenced by both external and internal factors and are balanced by the creation of purchase order requests to keep supplies at a reasonable ...
EOQ applies only when demand for a product is constant over a period of time (such as a year) and each new order is delivered in full when inventory reaches zero. There is a fixed cost for each order placed, regardless of the quantity of items ordered; an order is assumed to contain only one type of inventory item.
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