Merchant Inventory Software

Merchant Inventory Software is a mobile and window-based application that helps companies keep track of their inventory in the best way possible. It is a tool that helps store owners track, organize, and manage their inventory.

Our free billing software has various helpful features that allow small businesses to easily manage their inventory by avoiding overstocking. It improves the overall efficiency of companies and reduces the operating cost.

Here are the following features that make merchant inventory software a suitable choice for your business:

1: Real-Time Inventory Tracking

By using merchant inventory software, companies can get real-time information about their inventory levels, products that are available, and how their stock moves.

You can make accurate decisions for the future based on the company’s up-to-date sales operation. They can keep track of goods in real-time, avoid running out of stock, make the best use of their stock, and speed up the order fulfilment process. 

With accurate and up-to-date data, businesses can analyse the previous data and quickly react to customers’ needs by giving preference to goods in demand. Real-time data gives merchants the power to improve how they handle their stock and, in turn, improve customer satisfaction.

2: Barcode Scanning And Labelling

Barcode scanning and labelling features are two useful features in retail inventory management software. Scanning goods by using online barcode scanner and then labelling the goods this function helps firms better manage their stock.

Businesses may speed up operations like receiving, picking, and stock audits by scanning barcodes to update inventory data and track the whereabouts of items. 

To match up with the increasing volume of goods and to have better inventory control require advanced features like barcode scanning and labelling, which increase accuracy, decrease the likelihood of human mistakes, and boost productivity. It makes your inventory management system more organised and precise.

3: Better Demand Forecasting

With merchant inventory software, predicting future demand for your goods is more precise. By looking at past sales data, market trends, and other relevant factors, the software can make more accurate predictions about how many goods will be needed.

Using data analytics makes it easier for businesses to plan how much product is in demand and what volume of stock should be required to match that demand.

It removes the chances of overstocking or understocking goods in your inventory. With a better idea of what customers want, businesses can make more informed buying, selling and restocking decisions. This leads to better inventory management, lower costs, and happier customers.

4: Gives You the Sales Analytics 

A lot of businesses use the ABC method. The ‘A’ products are in high demand, while the ‘B’ and ‘C’ may be less in demand. This rule is a big generalisation, but the point is that some products will sell quicker than others, so you need to give different types of categories to different goods in your inventory. 

It will also help you figure out where to place things in the store or inventory so that you can easily find the goods when they are required. Inventory management software lets you easily categorise your inventory levels within minutes.

Using the merchant inventory software is a simple and less time-consuming process to track your inventory through digital software, allowing you to track it from anywhere.

5: Provides An Alert At Low Stock

When your inventory begins to run down, you must receive alerts from the software to determine when to restock the goods. Good merchant inventory software will allow you to set up a stock alert system that will notify you when your inventory reaches a predetermined level. 

A reorder point report can be automatically generated after the alert, allowing you to create a purchase order and send it to your supplier. Reports on reordering can spare a great deal of time to be utilised in other productive areas of your business.

6: Stock Return Handling

Unfortunately, good returns are an inevitable part of an e-commerce business. But returns don’t have to mean the end of the customer and business relationship.

A great returns system will build customer trust in your brand, so customers return the goods when they do not match their expectations. It can give you a preferential edge over competitors.

A returns system is vital as manually tracking all returns can be extremely time-consuming, especially if customers initiate a return and need to remember to send it back. With the inventory systems, you can easily track your return order and do enterprise resource planning ERP.

7: Reduces The Operational Cost

Merchant inventory software can save you from unnecessary costs. There are several common inventory expenses that can easily be avoided, like overstocking. It requires additional storage space, human error, and late or incorrect order fulfilment, which leads to returns. 

Using merchant inventory software can answer each of these problems and more. These days medium and small businesses try to avoid overspending on inventory tracking and management because of their limited resources.

The inventory management software is the best solution to maximise the profits from your limited inventory space. So, using the free inventory management tools, you can reduce the optional cost of your business significantly.

8: Backup And Security of Your Inventory

Proper backup and protection of the inventory are crucial for the functioning of the inventory, no matter the type of business. Good layers of protection in e-commerce inventory management software render hacking completely futile. 

Using the Vyapar app for inventory management, you can rely on automatic data backups to your Google Drive for seamless data storage every data at a specified time. Further, you can keep a copy of the data on your devices to avoid data loss.

Cyber Attacks have become the most common threat for small businesses, making it essential to prefer high-security inventory management software. Creating multiple timely backups of your data makes securing the stock easier, and disruptions are avoided. 

Here are the following benefits associated with using the merchant inventory software:

1: Enhances productivity

A well-organized and systematic inventory management procedure allows more to be accomplished in less time. Utilizing inventory management software will reduce the time required to process, audit, and monitor your merchandise.

With a single interface, you can check the stock levels of your entire inventory, monitor what’s selling and what’s not, locate information about your suppliers, and connect to payment applications for invoicing and purchase orders.

2: Improves Profitability

With inventory tracking software, you can find out what goods are selling well during this period and what can be sold next. Using the merchant inventory software, you can easily keep track of ongoing trends, which goods are high in demand, and which goods need to be removed from your stock.

To be good at managing supplies, you must know how to get the most out of the market and your products. You can use inventory software to make decisions that will help you make more money and to perform other essential operations inside your business.

3: Easy Inventory Processing

Use merchant inventory software to save time and speed up inventory processing by keeping track of stock and inventory levels and the costs linked with them. Large businesses have multiple inventory chains across India and the world, making it essential to keep track of what is taking place in their inventory.

When you buy or sell goods, inventory tracking tracks how many goods you have in hand in real-time. It makes buying and selling faster. The program can also help companies ensure they have enough stock.

4: Reduces Unwanted Inventory and Deadstock

Use merchant inventory software to keep track of stock and inventory numbers and the prices of stock you want to sell. It will save you ample time and speed up the inventory processing. The demand for goods may fluctuate if you are in seasonal businesses like garment or mart businesses.

You can easily categorise your goods as per your seasonal requirement, which removes the hassle of making a new list of goods each time. This makes it faster to buy and sell. Companies can also use the tool to make sure they have enough stock.

5: Automate Manual Inventory Task

Merchant Inventory software can automate your business’s inventory and provide you with more accuracy to make more money while cutting down on costly mistakes and human error. With real-time information from software, your workers won’t have to waste time counting inventory levels and recounting stock.

There’s no need to run to the back to check and count stock. Instead, flip open your phone or look at the screen of your tablet to quickly lookup accurate and exact information. You can also do calculations and keep track of expenses without making mistakes.

6: Helps Improve Customer Service

By keeping your clients’ requirements, you can significantly improve customer satisfaction in your business. Automatic low inventory levels notifications will be sent directly to your phone by merchant inventory software, allowing your business to maintain popular inventory levels, allowing you to view stock levels and place orders more rapidly.

Keeping popular items in stock and on the shelves can convert one-time purchasers and later attract them for repeated purchases. They appreciate your services, repeatedly returning to purchase from your company because they are confident you will have what they require. Therefore, good inventory management software can aid in consumer retention and acquisition.

7: Eliminates Chances For Stock-Outs

Merchant Inventory software helps businesses prepare for various events, such as a stock-out, that affect the supply and demand of your goods. A stock-out happens when an unexpected demand for a specific stock rises and causes the product to sell out. Using inventory tracking software can help your business prepare for these eventualities.

Low stock alerts, real-time inventory valuation, and automatic quantity updates are all features that will help you adjust to the supply and demand of the market and your customers. It allows you to have better inventory control in your business. 

8: Precise Expense Tracking

Expense tracking is integral to every business department, including inventory management. Merchant Inventory software can generate reports that compute total sales, cost of goods sold, total taxes, and other pertinent financial data, such as real-time inventory valuation, to help you track inventory costs and revenue.

These inventory and expense reports will serve your company well in auditing and accounting for your inventory. When it comes time for your next inventory audit, cross-reference your stock with your financial data to ensure the two correspond. Make the most profit from the smallest quantity of inventory.

1: Create And Manage Your Inventory Effortlessly

Vyapar offers the most advanced inventory management software with the most compelling features for small businesses. It enhances commercial performance and order management. Using the Vyapar app’s features, such as business reports, you can monitor your business’s sales. It will help you determine the effectiveness of your inventory management.

As inventory management software, Vyapar stores business data within the application. It simplifies the process for business proprietors to develop an effective strategy. Utilising inventory monitoring features maximises inventory space utilisation. Our inventory management features facilitate the identification of unsold products. You can use the analysis to save space by eliminating infrequently purchased items.

Using inventory tracking features, you can record and identify products that are more or less in demand. The production number, expiration date, manufacturing date, slot number, and other details are used for monitoring. These are immediately recorded in the system upon arrival. It allows you to have the necessary inventory for sales when needed. In addition, keeping a record ensures that no theft goes undetected.

2: Track Your Orders 

Our advanced Vyapar inventory software makes creating sales or purchase orders simpler. It facilitates the seamless setting of due dates by allowing you to monitor orders. With this Business Accounting Software, stock adjustments are performed automatically. It aids in ensuring the availability of inventory.

Having tracking capabilities is quite beneficial for timely order fulfilment. Monitoring prevents unnecessary losses associated with overstocking. With tracking, you can save time and apply it to other daily duties. It facilitates increased customer satisfaction. Using the app, you can affix tax invoices to orders and monitor when payment is due.

Utilising our application makes it simpler to enhance your purchase/sale order formats. Vyapar App offers a variety of options, including Word, PDF, and Excel, among others. Using our GST invoicing software will save you time and money. You can save time by automating the conversion of orders to sale/purchase invoices.

3: Get The Real-Time Inventory Update

Vyapar’s business dashboard makes it easy to handle and track your inventory. You can check your business’s cash flow, inventory, open sales, and payment status. The best part is you can manage your inventory from anywhere across India. Vyapar has an easy-to-use interface and does not require technical expertise to perform your day-to-day operations.

You can run your business on the go with free inventory management software and invoicing tools. This free program makes doing the books for your business easy and quick. All information is saved automatically, and it eliminates the requirement for keeping track of the information separately, as you can log in and search for the details you are looking for.

Using the business platform, you can quickly get complete information about your business anytime. In our payment app, it’s free to use the dashboard. Also, our accounting software has enough features, which include: Cash-flow, Bank Status, Stock/Inventory Status, and Open Orders.

4: POS Billing Software

Vyapar point of sale pos billing software provides accurate and timely billing. Create invoices, challans, order forms, and other documents using a single inventory management system. With our free POS billing software, you can quickly collect customer information at the point of sale. Request the customer’s name and mobile number, and improve the customer experience by providing bills via WhatsApp.

In addition to helping you save money on printing, this Point of Sale Billing software supplies you with vital data points to help you grow your sales channels. This POS billing software lets you track your client’s purchase history, create profiles for repeat customers, and much more. The integrated accounting system assists you in avoiding issues such as mismatched tallies or unrecorded sales.

Keep track of paid, outstanding, and partially paid invoices to maintain your receivables and payables. Allow frequent customers to purchase on credit and send payment reminders at the appropriate times to ensure a smooth repayment experience. You can also offer multiple modes of online and offline payment options to your clients for sales of goods.

5: Create And Send Delivery Challan

Vyapar’s “Delivery Challan” allows you to send an acknowledgement of delivery when you use our sophisticated software to manage your inventory. Using this free accounting app, you can create delivery challans and affix them to your shipment in simple steps. It already includes all the information necessary to construct a delivery challan with a professional appearance.

Tracking delivery challans lets you confirm that your products have reached customers safely. Our inventory management software will enable you to easily monitor your shipments and provide guidance if they become lost. Our ultimate free accounting software enables seamless management of consignor and consignee details.

You can include the order’s terms and conditions to prevent disputes and clarify the scope of the order. This procedure facilitates business operations and ensures that consumers receive their packages safely. Using our leading inventory management software, you can also customise your bills and invoices, add photos and logos, and do so in accordance with your business’s requirements.

6: Add And Manage Multiple Bank Accounts

With Vyapar, businesses can swiftly and efficiently add, manage, and track online and offline payments. The task becomes simpler if they choose a user-friendly, free mobile app for inventory management. Whether your revenue comes from banks or e-wallets, you can easily enter information into the free inventory software.

This advanced software allows you to manage your various bank accounts from anywhere across India. Vyapar Software enables you to adjust the amount and manage cheque payments quickly. Using our advanced software, you can effortlessly conduct interbank transfers.

The Vyapar App has open cheques enabling the user to make a quick deposit or withdrawal and swiftly close them. In addition to the many other payment options available in the app, we also allow you to monitor payments made by check. It performs cash and bank balance adjustments and checks management with ease.

7: Offer Various Payment Options To Your Clients

Offering various payment options to your clients creates a professional image of your business between your clients and helps you to get paid more promptly. You may offer online and offline payment options, such as UPI, QR, NEFT, IMPS, e-wallets, and credit/debit cards. It enhances customer satisfaction in your business and encourages clients to place additional orders.

You can provide your customers with the payment options they prefer, or you can provide them with all options. Among offline payment options, you can provide a QR code, cash, or a check to receive prompt payment from your clients. Additionally, you can specify your bank account information within the app.

Your clients can make payments using a method they choose, such as bank transfer (NEFT, RTGS, IMPS). Customers should have access to all available payment options. It serves to ensure prompt payment from your customers.

8: Build Your Professional Brand Image

With the help of Vyapar inventory management software, you can build a professional brand image among your business clients. With adequately made custom bills, invoices, delivery challan, etc., you can stand out from other sellers and show that you are a professional.

You can include our business logo, style, font, and brand colours on your invoice. This will help you show off your brand’s identity exactly. If a seller uses professional custom quotation formats instead of plain text, a buyer is likely to buy from that seller.

Using Vyapar software, you can offer custom-made bills and invoices that look more reliable and professional to your clients and have everything you need to make a deal. Bills and invoices can include information about the product or service, savings, taxes, and the terms of the sale.

Frequently Asked Questions (FAQs’)