Inventory management software
Inventory Management Software
Real-time stock control across every location, tied directly to purchasing, production and the ledger.
Standalone stock apps tell you what you had at the last sync. BOS inventory is part of the same system as your purchase orders, job cards and accounts — so the quantity on screen is the quantity you have, and its value is already in the books.
The problem with bolt-on stock control
Most stock problems are integration problems.
When inventory lives in its own app, three things go wrong — and all of them cost money.
You buy what you already have
Purchasing cannot see what production has committed, so stock gets ordered twice and cash sits on a shelf.
Valuations drift from the ledger
A separate stock system means a month-end reconciliation just to learn what your inventory is worth.
Shortages surface too late
Without MRP driven by real job demand, you find the missing material on the day the job was scheduled to run.
General
- Landing Costs — accurately allocates landing costs to inventory items, ensuring precise inventory valuation and cost management.
- Multiple Units — allows tracking of inventory items in different units of measurement, providing flexibility and accuracy in stock management.
- Multiple Locations & Warehouse — manages inventory across various locations, including internal, customer and supplier sites, centralising control and improving stock distribution.
- Bin Management — organises inventory within warehouses using bins, enhancing storage efficiency and retrieval speed.
- Stock Checks with Approvals — facilitates regular inventory audits with approval workflows, ensuring accuracy and accountability in stock levels.
- Batch Tracking — tracks inventory by batches, ensuring traceability and compliance with quality standards.
- Serial Number Tracking — manages inventory items with unique serial numbers, improving traceability and warranty management.
- MRP & Replenishment — Material Requirements Planning optimises inventory levels and ensures timely replenishment, supporting production efficiency.
- Automatic Cost Updates — uses weighted average costing to automatically update inventory costs, maintaining accurate financial records.
- Stock Adjustment Mode — allows on-the-fly stock adjustments directly from the Items Dashboard, enhancing flexibility and responsiveness.
- Periodic Inventory Accounting — supports periodic inventory accounting, ensuring accurate financial reporting and compliance.
- Inventory Price Manager — manages inventory pricing, allowing for adjustments and updates to maintain competitive pricing strategies.
- Checklists & Approvals — provides checklists for inventory items and transactions, ensuring proper handling and processing.
- Work In Progress Management — manages work-in-progress inventory, supporting accurate tracking and project management.
- Inventory Transactions — records various inventory transactions, including goods issues, returns, receipts and transfers, ensuring comprehensive tracking of stock movements.
Reports and Dashboards
- Multiple Inventory Reports — generates detailed reports on inventory movements, stock levels, ageing, replenishment, over/under stock, serial number, batch tracking and pricing, providing comprehensive insights into inventory status.
- Interactive Reports and Dashboards — offers drill-down, sorting, grouping and filtering features in reports, facilitating in-depth analysis and data exploration.
- Comparative Views — provides side-by-side comparisons of inventory data, enhancing decision-making and trend analysis.
- Customisable Output — offers customisable report outputs in multiple formats, meeting specific reporting requirements and enhancing flexibility.
Further reading
More on inventory management
What features should I look for in inventory management software?
The capabilities that separate real stock control from a spreadsheet with extra steps.
Read the article →Best inventory management solutions for manufacturing companies
What manufacturers specifically need from stock control.
Read the article →What ERP solution should I choose for inventory management?
Why the ERP question and the stock question are the same question.
Read the article →Related solutions: production planning software, job costing software and ERP software for South African businesses.
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