Inventory Management Software for Construction Industry

Inventory is the supply of raw materials, partially finished goods called work-in-progress and finished goods, and organization maintains to meet its operational needs. It represents a sizeable investment and a potential source of waste that needs to be carefully controlled. Inventory is defined as a stock of goods that is maintained by a business in anticipation of some future demand. The quantity to which inventory must fall in order to signal that an order must be placed to replenish an item. The reporting capabilities of the Inventory management software will help on top of the inventory status at any point in time. The tool will keep one prepared, and ready with what is required, well in advance. This paper review various softwares such as Oracle NetSuite ERP, Vyapar - Accounting & Invoicing, Quickbook, Zoho Inventory , Marg Erp 9, Sleek Bill India and Tally ERP 9 which can be use for inventory management in the construction industry.