We are excited to share the latest updates to Megaventory. Effective inventory management is crucial for the success of any business, impacting important areas like efficiency, profitability, and customer satisfaction. In this article, we will explore the recent improvements and new features introduced by Megaventory, which enhance its capabilities as an inventory management solution. We are committed to providing businesses with a comprehensive and user-friendly solution, so we have integrated several exciting features to empower them further.
Let’s take a closer look at these exciting additions.
New Report to Track Serial Numbers
Introducing a new feature to our system, a dedicated report designed to track serial numbers for inventory items. This valuable addition brings immense benefits, especially for businesses dealing with specific inventory items like electronics or high-value products. With this new report, businesses can now easily monitor and trace the movement of individual items by their unique serial numbers. This enhances inventory management by providing a comprehensive overview of item locations, histories, and any associated actions such as sales, repairs, or returns.
Recording Purchase Price in Inventory-Taking Module
The Recording Purchase Price in the Inventory-Taking Module feature allows users to conveniently capture and store the purchase price of inventory items when doing inventory-taking. This update enables businesses to upload the cost of items (that at which they were acquired), in the cases that there is no known unit cost associated with the item.
Supplier SKU when Adding New Products
This feature simplifies the association of supplier-specific SKU identifiers with new products in our system. With this functionality, users can effortlessly add the supplier’s SKU identifier directly during the initial product entry, eliminating the need to access the Product-Supplier Relationship screen separately. This functionality is particularly useful for users who predominantly work with a single supplier for each product, ensuring a seamless and efficient workflow.
When entering a new product into the system, users will now have the option to input the Supplier SKU alongside other product details. The Supplier SKU serves as a unique identifier used by the supplier to track and manage the specific product within their inventory.
Relate a Product to a Supplier or Client from the Supplier or Client List
This new update simplifies the process of relating a product to a supplier or client directly from the supplier or client list.
Now, while viewing your preferred supplier or client and the associated products, you can effortlessly establish a relationship between one of these products and an alternative supplier. Gone are the days of navigating to the product list or opening individual products, which often led to unnecessary time-consuming steps and confusion.
With this new feature, you have immediate access to relate a product to an alternative supplier, saving valuable time and streamlining the process. This capability can help you towards building a robust supply chain for your business, as it provides easy access to alternative suppliers without unnecessary complexity.
Enable Both Batch and Serial Numbers for a Product
Enabling both batch and serial numbers for a product introduces enhanced tracking capabilities for products, enabling businesses to monitor both batches and serial numbers associated with sold or stocked items. This addition facilitates improved planning and optimization of the supply chain by offering greater flexibility and adaptability.
With this feature, businesses gain the ability to efficiently manage inventory by assigning batch numbers and serial numbers to products as needed. Batch numbers allow for grouping products based on common characteristics such as production date, manufacturing location, or material batch. Serial numbers, on the other hand, provide unique identifiers for individual products, enabling precise tracking and traceability. Now it’s possible to provide these two characteristics to the same item.
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In conclusion, the latest updates to Megaventory bring significant enhancements based on customer feedback. These new features, such as tracking serial numbers, recording purchase prices as unit stock, and integrating Supplier SKU identifiers on more points in the app, all contribute towards improving your supply chain management.
Of course, we value customer input and invite further feedback to continue improving our software. Let us know here – and directly shape our roadmap!
Spiridoula Karkani is a Digital Marketer for Megaventory the online inventory management system that can assist medium-sized businesses in coordinating supplies across multiple stores. She is navigating the ever-shifting world of marketing and social media.