The Most Underrated service of Tally ERP 9: Inventory(Stock) management

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Information about The Most Underrated service of Tally ERP 9: Inventory(Stock) management
Business & Mgmt

Published on February 12, 2014

Author: JohnAmend

Source: slideshare.net

Description

Inventory is the soul of small to big businesses. As important as it sounds, the task of managing and track inventory can be nightmarish if poorly handled, unless it is done with the Tally inventory management software.

The Most Underrated service of Tally ERP 9 Inventory(Stock) Management

Inventory is the soul of several businesses. As important as it sounds, the task of managing and track inventory can be nightmarish if poorly handled. Tally is omnipotent and the most effective inventory management software that can keep track of a business’ stock at single or multiple locations with ease and efficacy. A business’ role in handling stock has different dimensions. It is important to record stock movements and inventory transactions on a frequent basis and this is facilitated through numerous reports and documents such as goods receipt notes and stock transfer and manufacturing journals besides many others. The many reports and stock documents enable quicker and easier decision making for the management. Businesses of all sizes possess wide-spread information. Hence, the challenge of lack of visibility of routine functions and operations exist. Product shortages, delivery failures and other stock-in-transit issues are common but should not debilitate business. Tally ERP 9 has been designed to eliminate visibility and connectivity troubles related to stock and sales. None of these problems should impact the customers or make businesses lose their brand value. When businesses fail to make the right goods available at the right time and at the right place, it indicates loss of sales.

How is visibility of stock and established? From the point of inception to the last inch, the line of sight in which your stock and product travels must be visible and accessible. The inventory management software focuses on efficiency of this concept. The solution to this issue from the house of Tally is a software that can obtain actual stock and sales data from every point in the channel. Installing shopper 9 at the HO and mapping all key units to retailers and distributors helps to receive timely and accurate data. Deployment of such a channel is neither time consuming nor laborious. It does not even intervene in routine tasks; instead works to achieve high levels of efficiency. Information then flows seamlessly from the channel to the HO and enables management to make right decisions at the right time since accurate and timely data is made available. Quick results can hence be ascertained. With the progress of technology, businesses want to step ahead of competition. Business transactions in a day are several and each of them is important. Sheer volume of business and a complex network of business activities demand the presence of powerful and versatile inventory management software. Tally ERP 9 meets the requirements of every business because of the list of advantages the tool has to offer.

One of the three fundamental functions of Tally ERP 9 is Inventory management. The inventory management software has emerged as a vital need for all businesses that is stock dependent. Movement of stock along with their status is an important determinant in assessing a business’ financial and operational status. Retail proficiency of the highest order and exceptional benefits make the tool the best of the kind available. Co-ordination between business houses, easy tracking of stock of a specific product and efficient data exchange are handled exceptionally well by the tool. Store owners have the need to know the exact number of items in stock. Factory owners are required to possess information on the number of units of products that are available for their customers. Restaurants and retail houses will need to have accurate information on when to order for further supplies. Thus these factors and many more determine business continuity. Tally ERP 9 comes with in-built features catering to the versatile business scenario. The tool can track stock at multiple locations. Stock movements can be easily tracked and recorded. Similarly, old determined stock to can make be timely decisions regarding their disposal. Multiple reports can be prepared at any point in management time in to facilitate making right decisions. And for all other changes and modifications facilitated, tally customization is a vital component. Customization helps businesses personalize the software as per their individual requirements.

A number of large organizations that are already using Tally ERP 9 are extremely happy with the performance and eagerly awaiting Diamond/Platinum versions in the market. As an efficient Inventory Management software, Tally ERP 9 helps to capture all kinds of inventory transactions through numerous documents that include delivery notes, manufacturing journals, goods receipt notes and stock journals. All movements are precisely recorded on time in stock registers. The tool facilitates all kinds of inventory transactions and all stock movements can be effectively tracked and captured in stock registers. The Tally inventory management software is extremely beneficial to manufacturers, distributors, wholesalers and other traders. Ideal for distributors, manufacturers, traders and wholesalers, Tally ERP 9 has an impeccable list of advantages to offer all kinds of professionals. - - -

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