Inventory Management System India-Advantages and disadvantages

‘Inventory management system’ although this term may sound new to you but reality is this is one of those few activities without which you may face many difficulties while handling various business task of yours. In fact if we look into deeper facts anybody who is into any type of business practices has been following this particular step in one manner or the other so that they can keep a proper record of what they have and what they don’t. It’s just the term which is used to mention the same may different from one and another.

Now that we are well aware of the fact that this particular procedure of ‘inventory Management System’ is pretty important to be follow, thence it’s important that  we look for best methods or sources which can help us in following the same in proper manner that to with ease. As we all know these are the days when each and every task we are planning to complete can be done in two manners which are either we use basic manual method to complete the same or we can use one of the latest computerized method. Although both methods have their own advantages and disadvantages, but in this particular discussion we’ll be discussing facts related to manual inventory system only.

The very first advantage one can enjoy when they opt for manual method is simplicity - there is no doubt that there are more of small scale company registration in India comparing to large scale, which directly means that they can easily handle most of their tasks without looking for help from some complicated software’s. 

Reduce extra expenditure of money – if a person is handling small scale company or work form it’s very important that they spend less on those facilities which are not required. And in such situations when one can easily handle their inventory records without seeking extra help it would be complete waste of money to invest on extra software’s to do the same.

Provides you a sense of control – when we talk about small scale work organization, sense of control highly depends on manual completion of tasks, which is again not hard to achieve as well. In fact this sense of control can be mentioned as one of the main reason owners opt for manual inventory control.

While there are so many advantages there are few disadvantages as well like when we talk about manual control one has to pay extra attention towards their labour force and other factors as well, which consume extra time of the person which could have been invested on more fruitful tasks. All in all while this method is providing us some great advantages, it has few disadvantages as well.

Although this article of ours is complete, but it would be great if you follow our next one as well. As in next we’ll discover more facts related to Chartered Accountant India and few facts related to computer control of inventory as well.