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TallyPrime is a flexible inventory management software that helps small and medium business to manage optimum level of inventories always. It’s so flexible that it adapts to the way you work. Not just that! The insightful reports help you manage your business better.
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Inventory management software is a software system that helps you to track, control and manage inventories efficiently. By integrating several functions associated with inventories, inventory management software helps you to organize, store, track material movements, consumption, manufacturing, order processing etc.
The key aspect of Inventory management software is to maintain an optimum number of inventories which ensures uninterrupted production, sales, high customer satisfaction, reduced inventory handling cost and so on. In simple words, using an inventory management software, you can maintain the right level inventories at the right time without worry of over/understocking and keep the inventory handling cost at low.
Organise your stock by product type, brand, colour, size etc. by creating unlimited stock groups and stock categories. This being a small business inventory management software, you can organize the stock the way you want easily.
How to create stock groups & items in TallyPrime:
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 cycle of manufacturing right from the receipt of raw materials till the dispatch of finished goods including the details of by-product, co-products, and scrap.
You can store and track inventories by lots, batches etc. along with manufacturing and expiry date management. What’s more? The powerful inventory reports such as batch summary, batch-wise ageing, etc. help you stay on top of inventories.
You can create a professional-looking invoice in seconds and customise it the way it suits your business. You can print your company logo, add or remove the invoice details using the host of invoice configuration and track the receivables easily.
Define multiple bill of materials (BoM) with a complete list of components, raw materials, assemblies, co-products, by-products, and scrap etc. along with the quantities required to manufacture a finished product.
Accurate and actionable inventory reports such as stock ageing, movement analysis, re-order level etc helps you manage optimum inventories always.
Record, track and manage material issues, receipts, consumption in the job work process both as principal manufacture and job worker.
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.
Complete track of cost and revenue in form of specific order costing for all those manufacturing jobs undertaken according to customer requirements and specification.
Securely access your business data anytime, anywhere using a web browser
Generate accurate inventory reports on TallyPrime:
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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.
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.
TallyPrime is the best inventory management software solution in Kenya, simply because of its intuitive nature and immense capabilities that help manage and streamline your overall business processes more efficiently. It is so easy to learn, that you can start experiencing the amazing features of TallyPrime, within minutes of its installation? Still in doubt? Take a free trial and be amazed!