Inventory Management vs Warehouse Management
Do you know the difference between inventory management and warehouse management? Inventory management software should capture the key movements of stock as transactions to ensure an accurate order trail. Core features such as facilitating purchases, returns, sales and purchases are fundamental features of an inventory management software. Warehouse management will have a different set of features outside of typical inventory management features, with features such as location tracking and transfers, pick, pack and shipping options, pick face assignment, optimal receipt reporting, wave picking, and trackable cyclic stock take options. It is crucial that businesses understand that warehousing is just one potential part of inventory management.