The main advantages of an Inventory Management System are accuracy and error-free operations, increased productivity, and streamlined resources. In my research, I found that the best software provides visibility into stock levels, tracks items from the time of purchase to the time of sale, and integrates with other [b]ERP [/b]modules to maximize efficiency. It also provides stock ageing reports, stock level reports, inward and outward register reports, and inventory valuation reports. Dashboards and KPIs on fill rates, turnover ratios, excess stock, and stock-out risks are also available.

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