PHP Inventory Script is easy to use and affordable billing solution which works smarter than other similar items in the market and keeps you informed about your business with many custom reports.

PHP Inventory Script is for small business & large sized company. With PHP Inventory Script you can easily manage your inventory and increase your profitability.

PHP Inventory Software(Script) is based on top open source Language PHP and MySQL. from PHP Inventory , you can manage your Items, manage your Clients, Salesman and purchasee. there are lot of exciting features on PHP Inventory Script. You will just love it 🙂

Inventory is a collection of goods that have a cost associated with them, and are kept in various forms by an organisation for packaging, processing, transformation, and further use.

Every organisation that produces, trades, sales and service goods, holds stock of various types and sale. An inventory is needed for any such business, the organisations have inventories for many reasons, such as functional purposes, speculative purposes, and various other necessities.

From the above definition, the following points stand out with reference to inventory:

• All organisations which produce or sell products have inventory.
• All inventory resources have an economic value associated with them.
• Inventory can be in many states.
• Inventory is used to keep the goods for future use, sale or further processing.

Inventory is a collection of products owned and stored by an organisation that deals with the production or sale of the product.The goods can also be used for the production of other goods or as a raw material such as a CPU of the computer warehoused at a computer company to be used in the assembling of the desktop computer are inventory. All the products displayed for sale in a medical store or the other products in the warehouse are an inventory.

Inventory is the other name of goods and materials that an organisation holds for sale to the customers in the future.

Inventories have an economic value, which can be seen as an asset to the organisation. However, it is considered a very risky investment.

Inventories are a large investment done by many manufacturers, wholesalers and retailers. Inventory investment cover over 20% of the total investment of manufacturers and more than 50% of the total investment of wholesalers and retailers.

In the supply chain of goods, everyone has to manage the inventory. The inventory includes a very big part of materials that are being transferred, stored, consumed, produced, packaged, or sold in many ways for business.

All the logistics include moving, planning, storing, and accounting of inventory.The purpose is to keep the inventory to maintain the supply chain.

Holding the inventories has some costs. Inventories are often the asset with a low return in the company. Most of the companies hold 20-40% more inventories than actually needed. Keeping many inventories lower the company`s profit and the return of assets.

ADVANTAGES OF INVENTORY Software

Every business needs inventories for efficient processing of material.So the companies have inventory for following reasons:

• Uncertain demand: Uncertainty of demand necessitate the building of safety stock. They can also be called as buffer stocks. Larger the uncertainty of demand and supply; the larger will have to be the amount of buffer stock. Inventories help to overcome failures in supply or increase in demand. Even a small thing could interrupt production if not shipped on time. So Inventories can protect production in such anticipated delays.
• Seasonal demand: There are more demands for some products in a particular season, whereas it is not in demand for the rest of the year.So inventories can be maintained periodically.
• Uncertain lead-time: Sometimes a supplier is not in a position to supply goods as per decided dates or promises. In the context of the vendors in some areas, it is observed that there is hardly a supplier who supplies as per promises and of the particular quality. This situation leads to bad quality of production.
• Delay in deliveries: Delay in deliveries also makes the building of inventories necessary. If the products are not on time, it can affect system operation.
• Pipeline inventory: Transportation rates can be very high for the delivery of a product.Sometimes it can have many people involved in the transportation or delivery of the product.This leads to higher cost of the resultant product.The inventories can play a role to lower the overall product cost.