What Is Inventory?
The accounting of items, component parts and raw materials a company uses in production, or sells. As a business leader, you practice inventory management in order to ensure that you have enough stock on-hand and to identify when there’s a shortage.
The verb “inventory” refers to the act of counting or listing items. As an accounting term, inventory refers to all stock in the various production stages and is a current asset. By keeping stock, both retailers and manufacturers can continue to sell or build items. Inventory is a major asset for most companies. However, while inventory is an asset on the balance sheet, too much inventory can become a practical liability.
Improve performance process time
Better organize your warehouse with the smart double entry inventory system.
Get the most efficient stocking method and improve all your internal operations. e-store works double-entry inventory has no stock input, output or transformation. Instead, all operations are stock moves between locations.
Less stock, no stockouts
with fully automated replenishment.
Use order points and automated RFQs to make your supply chain more efficient than ever.
Advanced features made simple
Use cutting-edge automation and advanced routes to manage any warehouse.
Get Ahead with Cosmic ERP
Is your organization struggling to keep up with the competition? Cosmic ERP is the solution you’ve been looking for. Our software is designed to increase productivity, efficiency, and profits. It’s easy to use and can be customized to fit the needs of any organization.