Inventory Management System is a ‘single repository’ to track all assets. IMS enables you to:
- Manage all your assets and stocks with ease
- Monitor assets, get asset data and its history, all in a single view
- Optimize asset costs
- Get insights into the value of all your assets and make informed decisions around expenses for assets
- 360-degree visibility into the asset lifecycle
- Manage and track all the assets in a single view from anywhere, through all phases namely, procurement, maintenance, and disposal
Some of the main objectives of developing an Inventory Management System were:
- To keep a track of all the assets and ensure continuous supply of assets/materials to meet the customer’s demands
- To eliminate duplication
- Smooth fulfillment of orders
- To keep a track of the next stock for all the stores registered
- To keep asset costs under control
- Various approval levels to maintain a proper organization of the inventory system
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