Best Accounts & Inventory Management Software in Bangladesh

Accounts & Inventory management software monitors inventory, helping organizations streamline inventory creation and organize order fulfillment operations. These systems help businesses optimize their inventories and improve supply chain efficiency. Advanced inventory management systems provide real-time inventory control and auditing functionalities.  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.

Manual inventory management programs, whatever your method, is inefficient and time consuming. These methods cannot handle complex tasks such as inventory auditing, inventory control, and real-time inventory tracking. Inefficient inventory management harms your business; excess inventory increases your total cost of warehousing, while inadequate stock leads to lost sales and negative customer experience. Inventory management is a key factor that influences whether you make a sale or lose to a competitor, and inventory management software helps your business avoid such damage while overcoming related challenges.  Introducing an easier, more intuitive way to manage your inventory:

  • Simplified stock management:

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.

  • 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.

  • Manufacturing:

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.

  • Manage inventory batch-wise and lot-wise:

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.

  • Invoicing:

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.

  • Bill of materials:

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 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/for 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

Reports from an inventory management system: 

  • Stock summary - A statement that shows you the details of closing stock along with consumption details
  • Godown report – A report that shows you the availability of inventories at the different storage locations
  • Movement analysis report – Tracks and displays the movement of stock for a given period
  • Stock ageing report – This report keeps track of stock age by classifying it into different ageing intervals
  • Re-order level – Using this report, you can get to know the shortfall and the ones that require to be replenished
  • Item-wise profitability report –Using this inventory report, you can get to know the item-wise profitability
  • Order summary – You can track the orders that are placed, pending, completed etc
  • Stock transfers – This report shows the details of inventory that transferred across different storage location or godowns
  • Batch summary (Mfg. and Exp. date) – You can track the batch-wise or lot-wise inventories along with the manufacturing and expiry details.

Why Need for an inventory management software:

  • Easy to manage and track inventories
  • Increase in productivity
  • Accuracy in recording and tracking inventories
  • No worries of understocking and overstocking of inventories
  • Increased customer satisfaction
  • Cost optimization at all level 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

Get your inventory management software free trial today!
Inventory management software is a must for all businesses that deal with inventories, irrespective of the size of the business. Managing stock & inventory in TallyPrime is as seamless as it could get. TallyPrime is a flexible inventory management software that helps small and medium businesses to manage the optimum levels 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.