There are many software available in tracking the stocks movement and doing the logistics planning. The software not be feasible or cost-efficient to small-sized company, while it is absoultely suitable for medium-sized company. Logistics planning is an important part of Wal-Mart success.
A very good software we have used is SAP software, which is essentially a well-developed inventory management software to plan the logistics flow of the Company.
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SME entrepreneurs should read these! i'm working at an accounting firm, and to my disappointment, most company's accounts i worked lacked good documentation of its biz operations, say it's inventory or otherwise, most are poorly documented :(
The cost of inventory management software could pose a really big challenge, but once businesses, particularly the small ones, have overcome this, they would get totally satisfying results. Plus, I’m pretty sure experts are now trying to create a more budget-friendly app with the same, or even better, efficiency.
Ethan Mudgett
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