Industry Management System is a software system for tracking inventory levels, orders, sales and deliveries,employee management,production management,transport fleet management,waste management. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents
Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets.
Reorder point The number of units that should trigger a replenishment order
Order quantity The number of units that should be reordered, based on the reorder point, stock on hand and stock on order.
Lead demand The number of units that will be sold during the lead time.
Stock cover the number of days left before a stockout if no reorder is made.
Accuracy the expected accuracy of the forecasts.