Inventory management also stretches from raw materials through finished goods, and depending on the industry or mode of production, may include work in process (WIP). Inventory includes materials that need to be processed or assembled and can include consumables such as chemical solutions needed for processing as well as complete sub-assemblies like circuit boards, housings, and other items. In fact, inventory value can often exceed the value of production equipment and is an important capitalized asset.
Inventory is as much an asset like a piece of equipment and must be managed with the same level of care. It is a dynamic and critical part of the production effort itself. Inventory isn’t just a warehouse of “things needed for business”. It also allows you to see all the products your company sells, and their cost, profit and margin. Our Manufacturing Inventory Software Apps can be used by your warehouse staff to update the quantity and location of goods, and get notified if there is a need to reorder goods or cancel an order. Manufacturing Inventory Software Apps is a cloud based enterprise inventory management module that provides a platform to optimize the inventory movement in order to meet the customer demand. Some of these programs also come with barcode printing software that is capable of printing barcodes on paper either for performance record-keeping or for tracking purposes in connecting to the scanning devices. These Excel sheets allow you to keep track of how much stock you have at any given point in time.
The manufacturing inventory management Excel sheet is used to maintain the database of items stored in the house of materials.
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