SOFTWARE FOR INVENTORY MANAGEMENT IN PROJECT COMPANIES
Are you looking for inventory management software for your project business?
Want to know more about modern solutions?
Or are you thinking specifically about Microsoft software for inventory management in project companies?
Inventory management is an important component in many project businesses. But the project business encompasses much more than just inventory. We offer strong project management software based on Microsoft Dynamics 365 Business Central. Because a project business does more than just manage its inventory.
Business Central software is designed to support small and medium-sized businesses in streamlining all their processes, including inventory management. Because our project business inventory management software is part of this larger system, it offers significant benefits in terms of efficiency, collaboration and scalability. Because data is handled very efficiently. And because there is no duplication in administration.
Moreover, with our software you not only get a very strong inventory solution. With Offimac, you also get a partner with a wealth of expertise in project processes itself. Because we are experts in software for the project industry.
SOFTWARE FOR INVENTORY MANAGEMENT IN PROJECT COMPANIES: INTRODUCTION
Microsoft Business Central is a comprehensive ERP solution designed specifically for small and medium-sized businesses to streamline their processes. We discuss in more detail the specific functionalities of the software for inventory management in project companies using Business Central.
For each physical product a company consumes, it is necessary to create an item card of the Stock type. This forms the basis of well-organized inventory management and ensures that products are correctly recorded and tracked. Catalog items can be created for items that are offered to customers but are not held in stock by default. These catalog items can be easily converted to stock items if necessary.
For companies operating in the construction industry, accurate inventory management is crucial. With Offimac software for inventory management in construction companies based on Business Central, organizations can easily manage and update their inventory numbers. The quantity of an item in stock can be instantly increased or decreased by manually making entries in the item items. This can be done, for example, after a physical inventory or when a company does not use the standard purchase registration process. This flexibility allows project companies to better respond to fluctuations in supply and demand.
Inventory mutations are automatically recorded when purchase and sales documents are posted. Positive movements occur when goods are received after a purchase, while negative movements are recorded when products are sold and removed from the warehouse. In addition, inventory levels can be adjusted by internal transfers between different warehouses or branches of the company. This is particularly important for companies that manage their inventory spread across multiple locations. Thanks to Offimac Business Central software for inventory management in project companies, these transfers can be easily and accurately tracked so that it is always clear where certain products are located.
To make item management more efficient and products easy to find, items can be categorized and provided with attributes. By adding these attributes, users can filter and sort products based on specific properties, such as size, color, type or availability.
OUR SOFTWARE FOR INVENTORY MANAGEMENT IN PROJECT COMPANIES CAN DO MORE
When inventory transactions are booked-such as sales shipments, purchase invoices or inventory revaluations-the changed item costs are automatically recorded in the item value line items. This ensures that all cost changes are properly reflected in the financial records. To ensure that these changes are also reflected in the accounting records, inventory costs are automatically posted to the related inventory accounts in the general ledger. For each inventory transaction, matching values are recorded in the inventory account, correction account and cost of sales (KPV) account.
Offimac Business Central software for inventory management in project companies not only keeps track of physical inventory, but also takes into account the financial aspects of inventory management. This is especially important in situations where goods are sold before the corresponding purchase invoices have been received and processed. This process, known as cost valuation, ensures that the actual cost of goods sold is correctly allocated to the appropriate transactions.
Although item costs are automatically adjusted as soon as inventory transactions are booked, in some cases it may be necessary to make manual adjustments. For example, if there are price differences between expected and actual purchase costs or if corrections are required due to inventory revaluation. Business Central offers flexible functionalities for this purpose that allow companies to optimally manage their inventory costs and generate accurate financial reports.
For construction companies looking to optimize their inventory, Business Central software for inventory management in project companies offers a comprehensive and integrated solution. It enables companies to effectively manage inventory, calculate costs accurately and seamlessly link inventory transactions to financial records. This not only leads to better decision-making, but also helps to increase operational efficiency and reduce costs.
STREAMLINE ALL YOUR PROCESSES WITH OUR SOFTWARE
By using inventory management software in project companies, companies can not only streamline their sales processes, but also improve their customer management and make their financial records more efficient. Microsoft Business Central offers a complete solution that allows companies to optimize their operations and better meet the needs of their customers.
In addition to inventory software, our software for the project sector also allows you to successfully organize the following departments:
- CRM
- Quotes
- Schedules
- Calculations
- Project Management
- Transports
- Return
- HRM
- Services
- Accounting
- Strong reporting
CHOOSE INNOVATION, CHOOSE MICROSOFT AND OFFIMAC’S SOLUTION
Microsoft solutions are designed to grow with your business. Whether you’re a small project business or a big player, you can easily scale up as your business grows. Tools like Power BI also let you create detailed analytics so you can always make the best-informed decisions.
Microsoft is also investing heavily in security and compliance, which means your sensitive data is well protected against cyber threats. And because many people are already familiar with the interface of Microsoft products, the transition to Business Central is smooth and without long learning curves.
With our Business Central software for inventory management in project companies, you get a future-proof solution. Benefit from an international network and a wide range of integrated tools that help your company work more efficiently and effectively. Take the next step in digitizing your project company with Offimac and Business Central.