Inventory Must be Managed
Companies have many different categories of data to manage, such as product data, shipping data and supplier information. Work in process information may also have to be collected and organized. All of this information, in turn, enables other business processes like sales and accounting, to function property. Each category of information is important and must be captured in order to keep the flow of the product organized and effective. Crucial product data such as the Manufacturer, item number, supplier and product description must be collected. Shipping information including product weight, dimensions and preferred carrier and shipping cost are also needed. Supplier data requirements include item cost, lead time, minimum order quantity, and stock on hand must also be managed. All of these items are part of a Inventory Management Software