Inventory Management Software

Company Overview:
  • Name: Khaloy Ecommerce.
  • Industry: Khaloy offers lot of products across various categories, making it a one-stop shop for customers..
  • Location: Dhaka, Bangladesh
Background:

Established in 2023, An e-commerce company is a business entity that operates digitally to sell goods and services over the internet. It provides a platform for buyers and sellers to connect, transact, and exchange products and services without requiring a physical storefront.

Key Features of Inventory Management Software Software :

Tactsoft Inventory management systems help businesses monitor, control, and optimize stock levels, improving operational efficiency and reducing costs. Here are the key features of an effective inventory management system:

  1. Real-Time Inventory Tracking:
    • Feature: Tracks stock levels in real time, ensuring up-to-date inventory information.
    • Benefit: Prevents stockouts and overstock situations..
    • Example: Barcode scanning, RFID integration, and IoT sensors for real-time updates..
  2. Stock Alerts and Notifications:
    • Feature: Alerts for low stock levels, reorder points, or expired products.
    • Benefit:Enables timely replenishment and avoids disruptions in operations.
  3. Inventory Categorization:
    • Feature: Organizes inventory by categories such as product type, location, or supplier.
    • Benefit: Simplifies inventory search and management.
    • Example:ABC analysis for prioritizing inventory items.
  4. Multi-Location Management
    • Feature:Tracks inventory across multiple warehouses, stores, or locations.
    • Benefit: Provides a centralized view of inventory for businesses with distributed operations.
    • Example:ABC analysis for prioritizing inventory items.
  5. Barcode and QR Code Integration
    • Feature:Generates and scans barcodes or QR codes for inventory items.
    • Benefit: Speeds up inventory operations and reduces errors.
  6. Reporting and Analytics
    • Feature:Provides detailed reports on inventory turnover, stock levels, and sales trends.
    • Benefit: Improves decision-making with actionable insights.
  7. Integration with Other Systems
    • Feature:Integrates with ERP, accounting, and point-of-sale (POS) systems.
    • Benefit: Streamlines operations and ensures data consistency.
  8. Batch and Serial Number Tracking
    • Feature:Tracks inventory by batch or serial numbers for traceability.
    • Benefit: Essential for industries like food, pharmaceuticals, and electronics.
  9. User Access Controls
    • Feature:Role-based access for users to ensure data security.
    • Benefit: Prevents unauthorized changes and secures sensitive inventory information.
  10. Returns Management
    • Feature:Tracks returned inventory and updates stock levels accordingly.
    • Benefit: Simplifies return processing and inventory adjustments.
  11. Cost Management
    • Feature:Tracks cost variations and calculates inventory value (e.g., FIFO, LIFO, or Weighted Average).
    • Benefit: Helps in accurate financial reporting and cost optimization.
  12. Supplier and Vendor Management
    • Feature:Stores information about suppliers, purchase orders, and lead times.
    • Benefit: Enhances supplier relationship management and order accuracy.
  13. Customization and Scalability
    • Feature:Adapts to specific business needs and grows with the organization..
    • Benefit: Supports various industries and company sizes.
  14. Mobile Access
    • Feature:Mobile apps for inventory updates and tracking..
    • Benefit: Enables on-the-go inventory management for field operations.

Technology Used