Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the most effective inventory management system for retailers ?

user-image
Question added by Abdullah Mahhaden, CFA, CPA , Assurance Manager , Grant Thornton
Date Posted: 2013/06/13

Hello Abdullah, Could you be more specific about your question? Are you looking for an information system, or are you looking for a sort of strategy? Best regards, Leon

Usman Ahmad Farooqi
by Usman Ahmad Farooqi , BPM CONSULTANT , Qatar National Bank

Dear Abdullah, There are many Inventory Management Systems available in market, some free while other paid.
Regardless of the name, you need and inventory management systems which has the ability to track sales and available inventory, communicate with suppliers in near real-time and receive and incorporate other data, such as seasonal demand.
It must be flexible, allowing for a merchant's intuition.
And, it must tell a store owner when it's time to reorder and how much to purchase.
To achieve all this, your inventory management systems pull together several technologies into one cohesive approach.
Free Versions are :1.
Pos Maid2.
inFlow Inventory3.
ABC Inventory4.
BS1 Enterprise Accounting5.
Chronos eStock Card Inventory

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.