Question

Briefly explain:

Inventory Module of ERP

Briefly explain the inventory module of ERP.

Answer 1

The inventory module in ERP is used to track inventory levels. Goods can be identified by a unique serial number allotted. It helps to track every item and trace its current location in the organisation. It tracks inventory levels, orders, deliveries, and sales. It ensures there is sufficient stock without overstocking. It also supports features such as report generation. The inventory module can be integrated with the ERP’s purchase module.