What is meant by Article management?
The term "item management" refers to the organization, maintenance, and control of item data within a company. This includes managing product information, inventory levels, prices, and categories. Efficient item management is essential for trade, manufacturing, and service companies, as it allows for accurate stock control, pricing, and product categorization.
Typical software functions in the area of "item management":
- Master Data Management: Managing basic item data such as name, description, item number, and category.
- Price Management: Recording and updating purchase prices, sales prices, and discount information.
- Inventory Management: Real-time monitoring and adjustment of inventory levels.
- Product Group Management: Categorizing items into different product groups for better organization and analysis.
- Serial Number and Batch Management: Tracking products by their serial numbers or batches for traceability and quality control.
- Import and Export Functions: The ability to import item data from other systems or export it for data exchange.
- Automated Reordering: Automating the reorder process when stock levels fall below a defined threshold.
- Reporting: Creating reports to analyze item movements, stock levels, and sales data.
Examples of "item management":
- Product Database: A comprehensive overview of all products in a company, with detailed information for each item.
- Price Calculation: Calculation of prices based on purchase costs, discounts, and margins.
- Inventory Overview: Display of all available items with their current stock levels.
- Serial Number Tracking: Management and tracking of items using their individual serial numbers.
- Product Group Analysis: Evaluation of sales data by product groups to optimize the product range.