"Warenwirtschaft" refers to the holistic management of goods and products within a company. This includes all processes from procurement of goods through inventory management and administration to sales and billing. The goal of merchandise management is to efficiently manage inventory, optimize supply chains, increase customer satisfaction, and enhance profitability.
Typical modules and functions of software in the "Warenwirtschaft" domain may include:
Procurement Management: Managing supplier relationships, ordering processes, and purchases to ensure timely procurement of goods.
Inventory Management: Monitoring and organizing inventory, optimizing storage space, inventory management, and inventory tracking.
Sales Management: Managing customer relationships, order processing, invoicing, shipping, and delivery tracking.
Finance and Accounting: Integration of accounting processes such as invoicing, payment processing, bookkeeping, and financial reporting.
Analysis and Reporting: Providing analysis tools and reporting functions to monitor key performance indicators, sales trends, and inventory movements.