All-in-One Inventory Management Software for Businesses in Kenya

best-inventory-management-software-for-businesses-in-kenya
Pratibha Devasenapathy | Updated on: November 19, 2024

Fast, flexible, and accurate inventory management software

TallyPrime is a versatile inventory management software designed to empower small and medium-sized businesses in maintaining optimal inventory levels consistently. It's remarkable flexibility allows it to seamlessly adapt to your unique workflow. But that's not all! With its comprehensive and insightful reports, TallyPrime enables you to enhance your business management capabilities significantly.

What is inventory management?

Inventory management software is a comprehensive solution that efficiently tracks, controls, and manages inventories. It integrates with various functions, including organizing, storing, tracking material movements, consumption, manufacturing, and order processing, to streamline your inventory operations.

The primary focus of inventory management software is to maintain optimal stock levels, ensuring uninterrupted production, increased sales, improved customer satisfaction, and reduced inventory handling costs.

In essence, with inventory management software, you can effortlessly maintain the appropriate inventory levels, avoiding the risks of overstocking or understocking, while keeping inventory handling costs at a minimum.

Key features of TallyPrime: A comprehensive inventory management software

Simplified stock management

Effortlessly categorize and organize your stock based on product type, brand, color, size, and more, using TallyPrime's unlimited stock groups and categories. As a small business inventory management software, it grants you the flexibility to organize your stock according to your preferences with ease.

How to create stock groups & items in TallyPrime: 

Warehouse/location management

Store and track your inventory in real-time by warehouse, racks, lot, bin etc. You can create multiple godowns to store raw materials, finished goods, components etc. at different locations such as warehouse, production floor, showrooms etc.

Record the complete manufacturing cycle

Capture the entire manufacturing cycle comprehensively within TallyPrime, starting from raw material receipt all the way to finished goods dispatch. This includes recording details of by-products, co-products, and scrap, ensuring a complete and accurate manufacturing record.

Manage inventory batch-wise and lot-wise

Efficiently manage inventory by lots, batches, and expiry dates in TallyPrime. Stay informed with powerful inventory reports for batch tracking and ageing. Streamline inventory control effortlessly.

Invoicing

Generate professional invoices effortlessly within seconds using TallyPrime. Customize invoices according to your business requirements by adding your company logo, modifying invoice details, and utilizing various invoice configuration options. Simplify receivables tracking with ease.

Define multiple bills of materials (BoM)

Create multiple bills of materials (BoM) in TallyPrime, encompassing a comprehensive list of components, raw materials, assemblies, co-products, by-products, and scrap, along with the required quantities for manufacturing finished products.

Accurate inventory reports

Accurate and actionable inventory reports such as stock ageing, movement analysis, re-order level etc helps you manage optimum inventories always.

Job-Work

Record, track and manage material issues, receipts, consumption in the job work process both as principal manufacture and job worker.

Manage stock from/far third party

Manage and track inventories that have been sent or received from the third party, separately from your regular stock, especially in case of job work, consignment sale and similar situations.

Job/project-wise costing

Complete track of cost and revenue in form of specific order costing for all those manufacturing jobs undertaken according to customer requirements and specification.

Online business reports

Securely access your business data anytime, anywhere using a web browser

Why do businesses need a good inventory management software?

  • Easy to manage and track inventories
  • Increase in productivity
  • Reduced risk of overselling
  • Accuracy in recording and tracking inventories
  • No worries of understocking and overstocking of inventories

Uses of an inventory management software

  • Increased customer satisfaction
  • Better product visibility in the event of a recall
  • Cost optimization at all levels of inventories
  • Get to know the fast-moving and high profitable inventories
  • Help you get rid of the risk of old and expired stock
  • Insights from reports help you in on-time business decisions

TallyPrime: Essential inventory reports 

  • Stock summary: Provides details of closing stock and consumption information.
  • Godown report: Shows inventory availability across different storage locations.
  • Movement analysis report: Tracks and displays stock movement within a specified period.
  • Stock ageing report – This report keeps track of stock age by classifying it into different ageing intervals.
  • Re-order level report: Highlights inventory shortfalls and items that need replenishment.
  • Item-wise profitability report: Provides insights into item-wise profitability
  • Order summary: Tracks the status of placed, pending, and completed orders.
  • Stock transfers: Displays details of inventory transfers between storage locations or godowns.
  • Batch summary (Mfg. & Exp. Date): Allows tracking of batch-wise or lot-wise inventory with manufacturing and expiry details.

Generate accurate inventory reports on TallyPrime:

Frequently asked questions

What are the 3 major types of inventory management techniques?

The three most popular inventory management techniques are the push technique, the pull technique and the just-in-time technique. These strategies offer businesses different pathways to meeting customer demand.

What is the 80/20 inventory rule?

The 80/20 rule states that 80% of results come from 20% of efforts, customers or another unit of measurement. When applied to inventory, the rule suggests that companies earn roughly 80% of their profits from 20% of their products.

Which is the best inventory management software in Kenya?

TallyPrime stands out as the premier inventory management software in Kenya, offering an intuitive and feature-rich solution to streamline business processes effectively. Its user-friendly interface allows for a quick learning curve, enabling you to experience its incredible capabilities within minutes of installation. Still uncertain? Try a free trial and be amazed!

Read more on TallyPrime Kenya

What is TallyPrime, TallyPrime – Simple to learn and easier to use, TallyPrime’s ‘Go To’ Feature, TallyPrime’s Simplified Security and User Management System, Tally’s Exception Reporting to Address Data Anomalies, 5 Things You Can Do Using Save View Option in TallyPrime, 5 Things in TallyPrime for Enhanced Business Efficiency, Personalise the Business Reports the Way You Want

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Stay on top of your inventory with TallyPrime.