What are the benefits of inventory management system?

 ERP is the abbreviated form of Enterprise Resource Planning. It is one software solution that supports and supervises all the business processes. It is considered one of the basic needs of all business enterprises. Implementation of the ERP system is considered to be an expensive and time-consuming affair. However, the entire scenario is different for small and mid-size companies. Implementation of the heavy ERP software is considered to be an expensive option and hence most of the small and mid-size firm opts for the open-source ERP development.

Open source ERP comes with a lot of functionality that assists in all the internal business processes. Be it inventory management system or any software. The solution is built-in with an easily understandable and user interface for free. This is the main reason behind the small and mid-size enterprises opting for the free source.  

One can simply download this software and then customize it as per need. They come up with extensive documentation and support from skilled developers. Some of the advantages of the Open Source ERP are that it comes with a lot of rich features. This includes,

• The ownership cost is extremely low
• There is no associated licensing fee
• It even receives notification relating to all the updates and wide support
• It has one of the healthy data models

The manufacturing industry is known to undergo regular changes. Sometimes, it becomes difficult for all the organization to predict and manage the operations. Even Open erp software comes as an opportunity for all the manufacturers to improve their productivity efficiencies enabling a higher job quality with less labor force. It is no doubt tough to make predictions and then manage the working of the entire business system. Hence, automating and streamlining the tasks works in the manufacturing sector.

To conclude, it can be said that the open-source framework helps in to bring flexibility in operations by implementing the tailored workflows which fits the specific need of manufacturing enterprise. Therefore, it is one solution that helps all the business organizations to deal with day to day operations.