What is inventory management?
Inventory management covers entire process of managing company inventories from raw materials to products ready to be sold. It involves ordering, storing, using and selling the company’s inventories. The main purpose of inventory management is to organize the whole process efficiently in order to avoid both surplus and shortage.
What are the two main methods of inventory management?
Just-in-Time (JIT) and Materials Requirement Planning (MRP) are the two main approaches to inventory planning and control. The MRP method tracks customer demand to find out which materials and goods are needed and when. On the other hand, JIT’s goal is to make sure that production takes place only when the product is needed and that materials are made available just before production in order to minimize inventory-related costs.
Why do I need an inventory management system?
If you are selling any sort of physical products, that adopting an effective inventory management system can certainly help you keep everything under control and improve decision-making. Stock fulfillment decisions work best when they rely on accurate data. That’s why having a detailed overview of your entire supply chain along with your orders, stock numbers, vendors, etc. will help you oversee potential issues and stay efficient.
Do I need a Softr account to use the template?
As soon as you click the Use the template button, you'll be immediately taken to Softr studio and can start working on the template. If you don't have a Softr account, you'll be prompted to register first (a Free account will work just fine).
Can I use the Inventory Management template with a free Softr account?
All the Softr templates are completely free of charge and can be used with any of the Softr subscription plans. However, Free and Starter plans have a limitation on the number of application users, so you might need to consider a higher subscription plan if you need to have full Memberships access.