Real-Time
Inventory Management Software
Lift profit margins, automate your manual processes, keep track of your inventory, purchases, and sales in real time, and save time with PlanIT inventory management software for growing businesses. Try it free today for 14 days.
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Benefits of PlanIT’s real-time inventory management software
Whether it’s your first inventory platform or an upgrade, you’ll unlock all-new levels of productivity with PlanIT’s inventory management features
Simple stock takes
There’s no need to down tools at stock take time, thanks to PlanIT’s rolling stock takes. And because it’s always up to date, you don’t need stock counts for visibility – just end-of-year reports.
Total traceability
Industry-leading real-time tracking features let you confidently track and trace parts, ingredients or finished products from purchase, through manufacturing, sales, and beyond.
Accurate COGS
PlanIT updates the average landed cost of products with each transaction instantly, factoring in extra costs like labour, freight & duties. That means continuously updated and accurate financial records – and reliable profit margins.
Global flexibility
Run a truly global operation, whether that means using multiple warehouses – either your own or 3PLs – working across different currencies – or buying and selling between imperial & metric units.
In-depth real-time reporting
Easily report on suppliers, product groups, warehouses, bin locations and more – or use the built-in Business Intelligence module to slice and dice your data – and create custom dashboards and KPIs that update automatically without delay.
Flexible product management
Record all your important product information, from size, weight & images, to detailed documentation managed in your central file library. Perfect for those with audit trails to maintain.
Inventory software that
makes every day easier
Real-time inventory control
PlanIT is a perpetual inventory management system that reflects your stock position in real time.
All your stock movements are updated as they happen – whether that’s goods coming in or out of your business, moving between locations, or being used up in production – so you always know what stock you have, and where it is.
Forecast demand to predict your inventory needs
PlanIT’s Advanced Inventory Manager (AIM) module auto-detects an optimal min-max level for every item in your business on the go, based on your own unique lead times and rate of use. AIM lets you set custom levels for different locations – keeping your stock in a healthy range and saving you thousands – while powerful inventory planning software features, including a full inventory forecasting system, help you model your future needs.
How PlanIT inventory management software works
Learn more about PlanIT’s inventory control software features in the pages below
Batch Tracking / Lot Tracking
Take the administration out of product traceability. Keep an eye on expiry dates at a quick glance so you can act quickly.
Product Management
Centralise your inventory information for all of your sales channels – and keep up-to-date product records for all your goods.
Serial Number Tracking
High-quality products require high-quality service. Never lose of your most valuable products with comprehensive audit trails and serial number tracking that make warranties and after sales servicing easy.
Barcode Scanning
Eliminate errors & save time with barcode scanning. Receipt, count and check stock in an instant by adding a barcode scanner to your PlanIT setup — giving you increased accuracy and speed for your inventory and sales processes.
Inventory Management Software FAQs
Questions we get asked the most about PlanIT’s inventory management software functionality
What is the meaning of real-time inventory?
Real-time inventory means knowing exactly how many products you have in stock at any moment. It involves continuously tracking product movements to control stock levels and meet customer demand. Companies often use software with real-time tracking functionality to avoid stockouts throughout the supply chain and inventory management lifecycles.
How much does inventory management software cost?
Based on a comparison of 70+ brands on Capterra, the average cost of an inventory management system is USD$175 per user license, per month. PlanIT is significantly more affordable, with monthly user licenses priced at USD$88 per month on its most common plan.
Other costs for inventory management software include customer support fees, which are often billed separately. Expect to pay around USD$80 per month for a support package.
Explore inventory management software costs in our guide to The average cost of an inventory management system or jump straight to the PlanIT pricing page.
How does inventory management software work?
Inventory management software works by creating a ‘digital twin’ of a company’s real-world inventory – as well as records for sales, purchases and any manufacturing.
This live inventory tracking largely removes the need for stocktaking. For example when new stock is purchased and arrives at the warehouse a barcode scanner is used to record its arrival, with the inventory management software system updating the stock count for those products – along with details such as the stock’s location, purchase price & any additional variable costs such as transport fees, the date of its arrival and even its physical dimensions.
Equally, when a sale is made this process runs in reverse, with the stock count for the items sold being reduced and further details such as sale prices captured.
Finally, if stock is used in a manufacturing process inventory management software will reduce the stock held for all the components or ingredients as these are consumed, and increase the stock count of the new product being created.
Inventory management software will also update accounting records in real time, allowing for much more accurate financial management in companies that buy and sell physical goods.
For an in-depth explanation of all things inventory management see the PlanIT Inventory Management Guide.
What does inventory management software do?
Inventory management software lets businesses keep stockholding costs to a minimum by matching their demand to the level of inventory held for every different part or product across multiple warehouses – while simultaneously maintaining high customer service levels by preventing stock outs.
It does this by automatically prompting users to created and send purchase orders when stock levels drop to a specific ‘reorder point’ or minimum stock level.
How do I actually check my stock levels?
There are multiple ways to do this. One way is to use the PlanIT stock-on-hand enquiry report. You can also use an item inquiry report to gain an understanding of stock availability data. Stock can be reserved for a sales order or a manufacturing process – and PlanIT gives you the necessary insight into how much stock is available.