Manufacturing Inventory Management Software

Manufacturing inventory management software is a specialized software package which monitors and manages the inventory required in all stages of the manufacturing process. This software manages processes such as purchase order placements, tracking the usage at each manufacturing stage, periodic checking of inventory levels, and reordering of depleted stock. Manufacturing inventory management software forms a key component in the automation of the manufacturing process. It helps in faster processing of the system with minimal human intervention. A company can rely on manufacturing inventory management software for greater productivity and better utilization of its resources.Inventory control forms the core functionality of manufacturing inventory management software. Each stock item is tracked through the manufacturing process. The stock level is periodically matched with the reorder level to automatically generate purchase orders and requests for quotations in regard to fresh purchase orders. The software also performs other tasks such as serial number assignment, work order assignment, and report generation. A person operating the software is given a detailed history of the product manufacturing process. Advanced versions of the software can calculate labor costs and indirect costs involved in manufacturing. Personnel belonging to the production department can enter their hourly job status, which is utilized while preparing employee histories and job cost summaries. Manufacturing inventory management software has additional features such as customer order tracking, customer report generation, and tracing of the product order history of individual customers.Increased productivity and faster processing promised by manufacturing inventory management software are often dependent on the user. Hence, a menu-driven interface is the mandatory requirement of manufacturing inventory management software. The software is feature-rich and can perform multiple tasks like storage bin label printing, database searching, and auxiliary report printing. It can also import and export production-related data into a variety of different file formats. Furthermore, the software supports a multi-user environment.

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