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Inventory management

Inventory management

Inventory management in gFM-Business

Inventory management is used to record and manage existing company inventory. Various product details can be entered for each inventory product, such as manufacturer and retailer with contact details, location, date of purchase, warranty, details of the invoice document or the purchase price. Many inventory management programs support the entry of additional data such as freely definable fields or the storage of media and files for the item.

Depreciation and leasing

Information on the depreciation period can often also be entered in inventory management. The current residual value is automatically calculated as part of the depreciation, as are the monthly costs for the product called up. Inventory management often allows you to maintain the relevant data for leasing purchases.

Barcode for the identification of articles

Many inventory management programs offer the option of generating a barcode for each item, for example to print labels for the items or to be able to scan the item onto barcode lists. Barcodes according to the Code39 or QR code standard are often used for inventory items.

Details of the sale of the item

Some inventory management programs also contain fields for selling the item if the item is to be sold to a third party at the end of its useful life.

Inventory management as part of an ERP

Inventory management as part of integrated business software (ERP) often offers additional functions such as the creation of an inventory product from item management or the creation of inventory products from order documents.

Inventory management in gFM-Business

The Light and Professional versions of the gFM-Business business software have integrated inventory management that supports all the functions mentioned in this article.

Inventory management in the gFM-Business ERP software

More information about gFM-Business enterprise software

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