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Manufacturing needs an inventory management software that can provide an accurate cost for finished goods. Get clear visibility of your profits and margins for your manufacturing business today.
A manufacturing company deals in goods and hence inventory is of critical importance. Whether a small business or a multinational corporation, inventory management is a crucial function for a manufacturing business. There are multiple aspects to inventory management. It can be overwhelming to do all of this manually. This is why you need an inventory management software for manufacturing like Tranquil. It can help you streamline operations, reduce cost and boost productivity.
You have to track your inventory in various stages of production
Decide how much inventory you will stock at any given time; how much, when, how frequently to order.
Proper and Accurate Control of Invenory Mangement
Consider production rate, warehousing facilities, time,cost
Tranquil inventory management software is perfectly suited to businesses in the manufacturing industry who require an accurate finished goods cost. Product assemblies, costed purchase orders, multi-currency, and advanced reporting are just a few of Tranquil’s powerful features which make this possible.
Pre-builds can combine materials and labour, materials only, or labour only as a single billable item to appear on jobs, quotes and invoices.
Tranquil Online inventory management software lets you seamlessly split sales into multiple shipments. Get what you do have out the door to the customer, and simultaneously order the balance. Ship the remaining items when you’re ready to complete the sale at a later date.
Inventory kitting, also known as ‘product bundling’, is the process of grouping, packaging, and selling usually-separate items together.
A Bill of Materials can be considered to be the recipe or DNA of a particular product. Multi-level BOM is a critical manufacturing ingredient when numerous sub-assembled are required in the production of finished products. This feature helps you configure your operation with smooth production flow so that your production is not impacted later.
Facilitates the allocation of various resources like raw materials, employees, funds, and equipment, as well as processes to the various products you manufacture. Achieve efficiency and cost-reduction in the manufacturing process, boost productivity, and deliver products on time.
Allows you to accelerate your manufacturing process by identifying the raw materials, components and subassemblies required, and by determining the time to assemble the finished goods based on the BOM and demand, by considering what, how much, and when it is required.
List all the activities, like for example, each sub-assembly, that are to be carried out on specific days – rather like the time tables in schools. It helps you to assess your manufacturing of finished products.
Barcodes contain information about a product like description, price, expiry date, and so on. Thanks to barcode integration in our production management software, items can be easily scanned and automatically recorded in the system.
A robust inventory management software for distribution and production like Tranquil can help you maintain compliance with regulatory requirements. Tranquil collects and organizes your business data systematically and accurately, empowering management to make informed business decisions. Real-time accurate data helps you in getting a clear picture about the financial health of your company.
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