Inventory management tutorial

Managing large stock of inventory is a time-consuming process for small business owners such as retailers and online sellers. Sending quotations to making purchases to keep track of inventory and fulfilling current orders can be a daunting process, mostly if you use manual and inefficient stock management methods.

Inventory management is an important process in any organization to meet the demand of customers. Both excess and deficit stocks can result in a loss for a business. The moment goods arrive in the store, inventory management helps to receive, count, sort, and arrange the stock efficiently. The right inventory management tool helps reduce the chances of storing excess inventory, which ultimately reduces the warehousing cost.

Similarly, the organization no longer has to worry about inventory shortages because of the constant supply. But keeping track of inventory can be a tedious task if you lack automated and efficient inventory management software.

Fortunately, we have got this sorted, and Imprezz has recently introduced an inventory management software that will help you save your time and efforts by managing your inventory effectively.

As your business expands and grows, Imprezz inventory management software will make it more simple to keep track of your stock.

Let’s deep dive into the Imprezz inventory management feature and help you understand step-by-step how to manage your inventory :

1.Sign Up for Imprezz

The very initial step to begin with Imprezz is to sign up with your credentials. Enter your email address to start. Once you submit your email address, you receive a FOUR-PIN OTP on your email; enter it to confirm.

Once you enter your email, you’ll be asked to create a strong key password consisting of a minimum of 8 words, including the Uppercase.

Moving ahead, you’ll be asked to submit answers to a few questions such as What is your business type - Sole propertiership, Partnership, Joint Venture, etc.?

The annual income of your business and lastly, your contact details to send OTP and other verification details.

Upon completing the entire process, you’ll be redirected to the main page, and you are ready to go.

2.Sign in for Imprezz

If you are already an existing user of Imprezz and using their invoice generation, accounting feature you can directly login to Imprezz with your email id and password.

If you don’t remember your password, you can click the forgot password option on the page to reset your password. Once you log in with the existing credentials, you are ready to go.

3.Create Article

The very initial step in inventory management is to create an article. Enter the number and name of the item purchased.

Below the name, enter the description of the article, which can include the relevant information about the article you might need at any point in time. Later enter HSN/SAC Code.

4.Price

Once you create an article, the next step is to enter the prices. Initially, select the GST rate from 0-28%, followed by the purchase price (net) and purchase price (gross).

Below that, enter the details regarding sales price (net) and sales price (gross).

5.Information of the article

The next step you will see is to enter the information regarding the article. This information includes the number of pieces purchased for a particular article.

Next, select the article category from Non-specified, Design, Equipment, Spare parts, Programming, and Consulting.

6.Stock Management

Once you enter the required information about the article, it brings you the option of stock management.

You’ll be asked to choose from a choice of yes or no. If you want to track the article in inventory, press “yes,” otherwise press “no.”

7.Relevant Notes

You can also create additional notes for an article for your own reference. You’ll be asked to select from an option of yes or no, whether you want to show notes when creating new documents.

8.Article List

The tool also allows you to access a list of articles you have created in one place. You no longer have to track every article individually; rather, find them assorted at a single place.

9.Stock Movement

The option of stock movement allows you to track the movement of every single article. Makes sure you have selected the option while creating an article.

This will help you keep track of the purchase and sale of an individual article.

Creating Inventory Management with Imprezz

Managing your inventory through spreadsheets can be stressful. It hinders the entire workflow.

Therefore it is important to have access to all your inventory at your fingertips.

With Imprezz, you can see the inventory in progress. You can create information regarding a new article, access a list of articles in one place, and most importantly, keep an eye on stock movement.

With Imprezz, it is easy to track your stocks, automate the process of inventory management, and keep idle inventory flow in the process.

You can automate stock management processes on Imprezz. in. Keep inventory management in just a few clicks. Worry no more; track your inventory with no hassles.

The image below demonstrates the standardized template, which includes all the key considerations mentioned in the article above.

Inventory Management software is an essential tool for any business to keep track of the purchase and sale of inventory and maintain a record of current stock.

Imprezz inventory management tool helps you eliminate manual and time-consuming processes and make the inventory management process more quick and straightforward.

Suppose you are looking for the best inventory management software to track real-time stock in your business; enroll for Imprezz.

The software allows the company to maintain the record of inventory and improve customer satisfaction.

The order will be placed immediately to ensure the stock are available, and there’s no turn-round experience for customers.

The tool is extensively designed to support manufacturers, distributors, and retailers.