Inventory Management Software

Inventory management systems in retail track inventory movements from the moment stock arrives until it is sold. With these systems in place, businesses can ensure they maintain sufficient stock levels to meet customer demands, promoting swift and transparent sales cycles.

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About Inventory Management Systems for Retail

Inventory management is often a tedious task for e-commerce ventures. Manual tracking raises the likelihood of problems such as overstocking, understocking, or misplacement. This is why many retailers turn to inventory management software development.

Custom-built inventory management systems offer small retailers and established enterprises complete visibility over their stock movements. This enables quicker and more competent order fulfillment. Moreover, businesses can align stock levels with sales to boost turnover and sidestep issues like deadstock or out-of-stock items.

Key features include automated alerts for low stock levels, with the system autonomously reordering the optimal quantity. When integrated with other platforms, these systems can even make sales forecasts and modify inventory accordingly.

The power of analytics means businesses have real-time insights into stock quantities across various locations, streamlining stock flow tracking and order compilation. This transparency also allows businesses to provide customers with precise delivery estimates. Whether for a small business or a large enterprise, integrating retail inventory management software for small business or large-scale companies with order and warehouse management systems, as well as ERPs, can prove transformative.

Features

Retail inventory management systems

Real-time inventory tracking
Barcode scanning
Order fulfillment tracking
BoM management
Batch tracking
Stocktake support
Stock valuation
Dead stock identification
User access control
Stock transfer management

Product categorization
Stock notifications and alerts
Purchase order management
Inventory reporting
Serial number tracking
Return management
Kit and assembly management
Multi-currency support
Integration with third-party tools
Demand forecasting

Unlimited SKUs
Serial number tracking
Supplier management
Reorder point determination
Dropshipping support
Multi-location support
Autofill purchase orders
Historical transaction tracking
Analytics and reporting

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Work Process

Working with an inventory management software development company includes several stages, each requiring its own team of specialists. As a rule, special attention is paid to integrations with other e-commerce software.

Project planning

We plan, estimate and prioritize tasks.

Team:

Project Manager

Business analysis

We analyze the client’s infrastructure, create task specifications, and look for solutions for current situations.

Team:

Project Manager
Business Analyst

UI/UX design

We create UI/UX design that meets the needs of different user groups.

Team:

Project Manager
Business Analyst
UI/UX Designer

Back-end development

We develop the server side of a web solution.

Team:

Project Manager
Business Analyst
UI/UX Designer
Back-end Engineers
Manual QA Engineers

Front-end development

We develop the user side of a web solution.

Team:

Project Manager
Business Analyst
UI/UX Designer
Front-end Engineers
Manual QA Engineers

Integrations

We analyze the software we need to integrate with the inventory management system and implement two-side integrations.

Team:

Project Manager
Business Analyst
UI/UX Designer
Front-end Engineers
Back-end Engineers
DevOps Engineers

Testing

We complete different types of testing, such as manual, automated, unit, and integration.

Team:

Project Manager
Manual QA Engineer
QA Automation Engineer
Back-end Engineers

Implementation and training

We create training materials for your employees and implement the solution.

Team:

Project Manager
Technical Writer
DevOps Engineers
Support Engineers

Our Clients

We develop large projects for clients across 27 countries, a significant number of which are featured on the Fortune 500 list.

Our company specializes in projects for
Retail & E-commerce

Why Do You Need It?

This tool is necessary when your store works with multiple suppliers and has a large number of goods in an inventory. In such cases, you may have issues with supply and turnover. You can turn to an inventory management system development service if you regularly deal with the following issues:

Multiple warehouses

You sell a wide range of items from different warehouses

Lack of real-time visibility

You can’t count the inventory records manually in real time

Inventory issues

You often deal with excess inventory and stockouts

Seasonal sales

You sell seasonal products

Storage constraints

You have limited storage capacity

Supply chain optimization

You want to streamline supply chains

Sales projection

You lack sales forecasts

Numerous suppliers

You work with multiple suppliers

Losing items

You often deal with lost items in your inventory

Accounting problems

You deal with issues in the accounting of goods

Perishable items

You have perishable goods in your inventory

Effective procurement

Procurement managers work inefficiently

Inventory organization

Inventory items are hard to find

Delivery inconsistencies

You have issues with delivery and its terms

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Our Standards

In our work, we follow international approaches and standards such as:

Management:	PMP
Design:	ISO 9241-210
Programming:	Coding conventions, MDN Web Docs, Naming convention
Python:	PEP 8
JS/TS:	ECMA, JavaScript Standard Style, Google TypeScript Style Guide, ESLint
PHP:	PSR
С#:	ReSharper
HTML/CSS:	W3C
Security:	GDPR
Testing:	ISTQB