What is Inventory Management
Inventory Management is a systematic approach to securing, storing, and selling raw and finished goods. In business terms, inventory management refers to the right stock at the right level at the right time at the correct cost and price. It refers to managing the record of a company’s history, quantity, sales, and profit/loss of a specific product. Knowing this information is very important because a businessperson can make decisions depending on these factors.
How Does Inventory Management Work?
In business, managing inventory is a very crucial task. It helps companies find out which product is in stock, at what quantity, and when is the correct time to order new ones. This practice allows the companies to ensure that there is always enough product in stock to serve the customers in need. Businesses can face many types of situations. Sometimes there can be an emergency or over-demand of a particular product. With Inventory Management, companies can be prepared for such cases.
Benefits of Inventory Management
Adopting a managing strategy for inventory is an essential job. Accurate management of inventory can cause considerable benefits to a company. One of the most crucial benefits is that it increases the accuracy and efficiency in order. By tracking inventory, companies can reduce the number of merchandise that companies need to keep in hand. When the number of held inventories decreases, companies can save considerable costs and effort. When accuracy increase, errors decrease. And decreasing errors means less expenditure on damage control. Also, inventory management improves data visibility which helps organizations develop their planning. To conclude, inventory management causes huge benefits to an organization.
About EasyEBilling’s Inventory Management Software
EasyEBilling is a software that provides three different services. Accounting & Inventory service, ISP customer management service, and Cable TV service. There is three additional software for each service. The Accounting software of EasyEBilling is also known as POS Software/Billing Management Software/Sells Software or Inventory Software. EasyEBilling software is titled ‘Accounting, Inventory, Invoice.’ It is a combination of Billing Management, Customer Service, and Inventory Management. Companies that are more focused on keeping a record of their product’s history, quantity, sell, and profit are more suitable for using the ‘Accounting, Inventory, Invoice’ software of EasyEBilling. There are many features in this software for ‘Accounting Inventory Invoice.’ EasyEBilling POS software is the best inventory and sells software for small businesses. Small businesses like clothing stores, computer showrooms, Electronic & Smart Appliance Technology showrooms, Cell phone accessories shops, Footwear & Fashion Accessories manufacturer, and Mini supers’ shops are accurate to use this software.
Why choose EasyEBilling?
EasyEBilling is the best inventory software in Bangladesh with the lowest cost. The features of this software make this beneficial to its users. The core features of this software are:
Trial Balance:
The ‘Trial Balance,’ ‘Balance Sheet,’ and ‘Profit & Loss’ are the essential features of Accounting software. These three features make an accounting software a ‘True Software’ These three features help the software calculate and record all the sales, expenses and maintain the whole procedure. EasyEBilling has this three software for which this is the most accurate software for Accounting and Inventory.
Inventory:
This feature records the history, quantity, sells and profit of a specific product. Thus, it becomes easier for the seller to understand that is the product making profit or loss for his company. It helps a business person to make decisions on increasing or decreasing the particular product’s sales.
Employee Management:
This is the most crucial feature of EasyEBilling software. Via this feature, users can assign significant roles to their particular employees. One employee won’t be able to check other data except for his one, and thus the user can control their employees.
SMS Gateway:
Once a customer buys something and prints a receipt, an automated message will go to that customer about his due/complete payments. If the company works with the supplier, an automated ‘Welcome’ message will go to their mobile, making the relationship stronger.
Sells Invoice:
This feature helps to make invoices for the software. Since EasyEBilling supports POS machines, this is also accurate software for supermini shops and showrooms. Also, an ‘Invoice Report’ software reports all the sales during the whole day.
Products & Services:
Generally, accounting software only work with products or services. But EasyEBilling has the facility to work on both of them.
Customer Supplier Membership:
User can add their customer or supplier’s data in the system and make a member list of regular customers or suppliers.
Transaction Report:
The software reports the overall transaction of a company in a year.
Accounts receivable & payable:
These features take care of all the received and paid transactions of the company. EasyEBilling accepts both bank transfers and money.
Expense & Income:
In these features, the user can record all the costs and income. In the expense feature, there is a ledger where the user can add all the debit vouchers. In the income feature, the user can keep a record of all the direct and indirect income of the company.
Ledger & Stock Report:
The ledger report gives detailed transactions of the company in every sector. And the stock report explains products to sell and stock.
QR Code/Bar Code:
Generally, accounting software provides a ‘Bar code generator’ feature. They call it ‘plug in’. Most software companies charge an extra charge for plug-ins, but in EasyEBilling, users don’t need to pay extra for using this feature.
Customization:
One of the best qualities of this software is that users can customize it according to their own needs and choices. Under profile, there is the option for customization of the software. Suppose if any user wants to give a discount in percentage, they can set it to rate, and if any wish to provide it with ‘Taka’, they can set it to ‘Taka’. Also, users can choose whether they want to print A4 size paper or in the pad. The SMS font, the printing process all can be customized by the users.
Cost:
Currently, EasyEBilling is one of the cheapest inventory software in Bangladesh. The lowest price of this inventory software is $2.5 only, and the highest one is $10 per month. Users can choose both monthly or yearly subscriptions according to their convenience. Bangladeshi users can use ‘Bkash/ Nogod or any other mobile banking system, and for foreigners, PayPal is available. The best features, customization techniques, and cheap cost make the best inventory management software to use.
EasyEBilling App for Inventory Management
EasyEBilling is a cloud base software. Users can access this via Google Chrome, Firefox, or other browsers. To use this application, users need to register. For the Asia zone, the software’s hosting is in Singapore’s Google’s office, and for the American site, the hosting is in Amazon. Since this is cloud base software, users cannot download it. But they will get a free trial option after registration.
Accounting Software Free Trial
EasyEBilling is a retail inventory software. Users will get a week’s free trial of the software after registration. EasyEBilling provides this benefit to explore all the features and then decide to subscribe to the software. The best part of the software is that even if users do not renew or forget to renew, all data will be safe.
