Sunday, September 28, 2008

#5- Inventory Management software

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.

2 comments:

Orang said...

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 :(

Ethan Mudgett said...

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