The Passport mobile inventory management application enables you to easily scan barcoded stock, supplies, and consumables using mobile devices. It runs on Windows-enabled mobile barcode scanners, as well as iOS and Android smartphones and tablets. Their camera function can be utilized as fully functional barcode scanners. Passportâs intuitive interface allows you to quickly and effortlessly perform everyday inventory transactions and tasks.
Inventory Management and Barcode Scanning On-The-GoScan Barcodes and Manage Inventory with Smart DevicesInventory Tracking In the Palm of your Hand
The barcode-based transactions process in real time, giving you increased mobility and allowing you to streamline your workflow. Whether you are inside your office or working remotely, you can stay connected and wirelessly sync your inventory data. Passport allows you to perform common stock inventory transactions available in the desktop software, including:
Enable BYOD (Bring Your Own Device)
Employee-owned mobile devices have made their way into the workplace, and it now makes sense to use them for inventory tracking purposes. Employees benefit from BYOD policies because they are familiar with their devices. Employers benefit because the policy can help them reduce hardware costs and increase employee productivity. With the Passport inventory mobile app, you can easily reap the benefits of implementing BYOD policies.
Essential Part of an Inventory Management System
The ASAP Passport mobile app is the extension of the Inventory management system; the end-to-end solution that streamlines and automates inventory control tasks. It is an optional addition to the Passport system which can be used by purchasing a device license and downloading the app from Google Play or the App Store.
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Make inventory management super easy! With these top 10 inventory management iPhone apps of 2019, you can take complete control of your inventory and handle it more efficiently.
Structured inventory management is the key to bringing efficiency to business. Thatâs why; we thought youâd like taking a glance at the best iPhone and iPad inventory management apps to bring about the needed convenience of handling inventory.
Whether you wish to keep a track on your inventory, remain updated about the latest changes or keep them ideally organized, these apps can stand up to the task with fairly good results. Besides, you can also personalize them to deliver the desired outcome by your specific needs. Without making much ado, letâs jump across to know more about them!
Best Inventory Management Apps for iPhone and iPad in 2019#1. Sortly
What makes âSortlyâ a fine option is the ability to make inventory management a simple task. The intuitive design coupled with the easy-to-use features ensure you have the essential convenience to deal with inventory without any stress.
You can organize your items into the folders and sub-folders. There are five levels of folders for flexible categorization. You have the option to add photos to folders and also customize images with highlights and resizable arrows.
There is also an option to add searchable tags and notes to folders and items. Whatâs more, you can also schedule reminders to notify you of purchase date returns or warranty expirations as well.
Price: Free
Download #2. Inventory Control with Scanner
The one feature that has really impressed me about âInventory Control with Scannerâ is the way it lets you organize your inventory through barcode scanning. You can quickly scan an item and view stock and price information.
Depending on your need, you will customize it to suit your needs better. With the sort and group list feature, it allows you to put your data in right order. More significantly, the app comes with offline mode and has the support of multiple currencies.
Price: Free
Download #3. Inventory Now
Inventory Now boasts of plenty of quality features to let you track inventory effortlessly. This app provides you all the information you want about inventory on the overview screen. You can filter, sort and search any information such as date, barcode, category, name efficiently.
With the help of barcode scanner, you can pick any item and get to know all the information related to it through this app. To create a new item, simply scan an item for the first time. In case you have an external scanner, you will require scanning the barcode into the search bar.
To have the visual overview from the summary screen, you just need to take a picture of any item. It supports the product life cycle Bought, Received, Sold, Shipped and Delivered to make everything look crystal clear for you.
Price: Free
Download #4. Inventory Scanner X
Inventory Scanner X makes scanning and managing inventory, orders, and sales super easy. With multiple scan modes like single-scan, continuous (bulk)-scan, smart-scan available, you will be able to scan documents more efficiently. You get the option to manage as many inventories as you as you want. Besides, you will be able to move products from one inventory to the other without any hassle.
It lets you import your master data and inventory data via CSV file. Spiderman vs superman vs batman. For quick entry of repeating content, the app provides you editable text templates. You can record GPS coordinates for locations too. Additionally, the app supports a number of codes like UPC-A, UPC-E, EAN 8, EAN 13, ISBN 10, ISBN 13, 2/5 Interleaved (i25), Data Bar, Code 39, Code 93, Code 128, QR Code, etc.
Price: Free
Download #5. Inventory Trackr
Should you find tracking inventory a tad hassle-free, give âInventory Trackrâ to simplify the experience.
You can use this app to manage the entire catalog of your products right from your fingertips. Take advantage of the built-in barcode scanner to quickly find out any product and update the product information with ease.
You will be able to make employersâ account and offer limited access to it. Furthermore, the app also lets you export the entire inventory database in CSV format for a secure backup.
Price: Free
Download #6. Stock Control
Though Stock Control has limited features, it is made for those who are looking for an app to let them manage inventory more familiarly. It allows you to separate groups such as work-related items, personal objects from managing many stocks at once. The built-in search tools will enable you to search any times and their locations amazingly fast.
To help you track your data correctly, this app provides refined management of quantities in the various places of storage. There is a shortage alert for each item that gives the exact info about a particular object. With the use of CSV file, you can import or export any data to use it on your Mac or PC.
Price: Free
Download #7. Nano Inventory
As for functionality, I find âNano Inventoryâ very practical. Itâs quite handy for the small and medium businessmen who want to manage business inventory with ease. The app makes it more convenient to handle stock movement, manage product descriptions and keep a tab on income & expenses. You can easily create reports regarding your turnover, margin, and revenue.
Besides, the app enables you to effortlessly update your catalog and also manage stock for multiple locations. As it also works offline, you will be able to work without any interference.
Price: $2.99
Download #8. Inventory List InvTaking
If you want to monitor your inventory a bit more comfortable, keep âInventory List InvTakingâ in mind. You can quickly glance through the most critical data like date, category, name, model, code, quantity image, etc.
By creating filters, you will be able to instantly check out specific subsets of your inventory like a particular category or status. The app also shows the month chart statistics and lets you export your inventory. With the use of passwords, you can offer more protection to your data.
Price: $1.99
Download #9. Retail Inventory
Retail Inventory is best designed to help you make inventory look amazingly simple. You can quickly scan an itemâs barcode, enter the quantity on hand and sync it with the cloud for sale. Just install it, register the account and scan your inventory and leave everything to it.
If inventory had been a little difficult for you earlier, it is designed to make it easier for you.
Price: Free
Download #10. Tap Forms Organizer and Secure Database
Tap Forms Organization and Secure Database is a multi-purpose inventory app designed to work excellently for your business as well as personal use. This app lets you manage your insurance and accounting work with relative comfort. You would be amazed to see its expertise in helping you manage your holiday lists.
It has the built-in support for iCloud to allow you to keep all your data on your iPhone in sync with your Mac. It has 1 password extension integrated with website field so that you never mess up with too many passwords. The saved search rules with multi-field record filtering let you search for items fast without wasting much time.
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Tap Forms Organizer and Secure Database with the built-in back and restore, all your data is always secure.
Price: $8.99
Download
Thatâs it!
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So, which one of these inventory management apps have you picked for your iOS device? Itâd be nice to know its name and the features you have found appreciable in them.
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By Natalie Burg
When your inventory is constantly moving in and out of your storefront at paces varying from day of the week to month of the year, things can get pretty complicated. Though not every small business can afford expensive inventory management software systems, new apps are making it possible to digitally manage stock in a more cost effective way.
Here's a roundup of apps that can help small businesses keep inventory in check without the risk of bouncing a check in the process:
Inventory Tracker
The site iGeeks Blog recommends Inventory Tracker, which functions as a comprehensive inventory tracking system for iPad.
"It works excellently in synchronizing your inventory and comes with some really amazing features that youâd only expect from a desktop app," said the blog.
A free version of the app is available, and the pro version is just $3.99.
SOS Inventory
If you're already using QuickBooks, the Intuit App Center includes a number of apps that help the software do more for your business. Among them is SOS Inventory, which integrates with QuickBooks and offers expanded features, such as sales orders.
"It also lets you manage inventory in multiple locations, track items by serial number and cost history, track multiple stages of work-in-progress, and create pick tickets and packing slips," reported Christina DesMarais for Inc.com.
The prices of SOS Inventory plans are based on available features and range from $25 to $200 a month.
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Retail Inventory
App developer Cashier Live offers Retail Inventory, an app that not only functions as
When inventory is constantly on the go through your business â and so are you â it only makes sense to have an inventory management system in place that is mobile as well. Not only can these apps be more affordable than full-fledged management software, it's good to know they can keep up with the speed of your business as well.
More from UPS:
Integrating Supply Chain Data Gives Businesses a Competitive Edge
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By Natalie Burg
When your inventory is constantly moving in and out of your storefront at paces varying from day of the week to month of the year, things can get pretty complicated. Though not every small business can afford expensive inventory management software systems, new apps are making it possible to digitally manage stock in a more cost effective way. Iobit systemcare 10 key.
Here's a roundup of apps that can help small businesses keep inventory in check without the risk of bouncing a check in the process:
Inventory Tracker
The site iGeeks Blog recommends Inventory Tracker, which functions as a comprehensive inventory tracking system for iPad.
'It works excellently in synchronizing your inventory and comes with some really amazing features that youâd only expect from a desktop app,' said the blog.
A free version of the app is available, and the pro version is just $3.99.
SOS Inventory
If you're already using QuickBooks, the Intuit App Center includes a number of apps that help the software do more for your business. Among them is SOS Inventory, which integrates with QuickBooks and offers expanded features, such as sales orders.
'It also lets you manage inventory in multiple locations, track items by serial number and cost history, track multiple stages of work-in-progress, and create pick tickets and packing slips,' reported Christina DesMarais for Inc.com.
The prices of SOS Inventory plans are based on available features and range from $25 to $200 a month.
Retail Inventory
App developer Cashier Live offers Retail Inventory, an app that not only functions asan inventory management system, but also scans barcodes and syncs with point-of-sale purchases made with a Cashier Live account.
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Pricing packages range from Basic at $20 per month, to Premium at $75 per month.
Lettuce
Lettuce is more than just an inventory app. As reported by Amy Gahran for Entrepreneur.com, it integrates such systems as order capture, payment processing, shipping, tracking, customer relationship management and more.
Lettuce offers a companion cloud-based web app for easy use between your iPad and computer that includes user setup, accessing records, and customizing the software for $59 per month and an additional $25 for each additional user.
jumpStock
For a more in-depth inventory management system, iGeeks Blog points to jumpStock, for $99 per month. Though costly, the software is so interactive that it's almost like having a human inventory manager on staff, saving you man hours over the more time-intensive apps, the blog said.
When inventory is constantly on the go through your business â and so are you â it only makes sense to have an inventory management system in place that is mobile as well. Not only can these apps be more affordable than full-fledged management software, it's good to know they can keep up with the speed of your business as well.
More from UPS:
What Is Inventory Management Software?
Inventory management encompasses much more than simply keeping track of what you keep in your warehouse or retail storeroom. Inventory management also includes keeping track of what's in your parts department, including individual parts and the combinations of those parts used to build other products and services. Inventory management also involves finding out what your supply partners or your best customers have in stock. For small to midsize businesses (SMBs), keeping track of all these items can get difficult quickly if you're just using a spreadsheet to do so. Tying that inventory product information into all of the other data platforms your organization uses requires a dedicated software called inventory management software. Deciding on the right software package for your business can be difficult as you need to weigh required features against the best pricing. To help with this task, we have tested and compared nine inventory management software packages in this review roundup.
While 'inventory management' sounds like it's a simple tracking of what you have, inventory management software actually goes several levels deep. The software should integrate with at least one other back-end office system, namely, with either your accounting or enterprise resource planning (ERP) package. An inventory management system's function is to track those warehouse items through acquisition, sales, or use processes; locate them across one or many warehouses, and price (cost) the inventory (sometimes in multiple currencies) so you know the value of items you have in inventory for accounting purposes.
In this way, inventory management software sometimes overlaps with typical asset management software. Core functionality definitely centers around your inventory levels, but this kind of software also tracks sales, purchase orders (POs), and deliveries. Aside from accounting, inventory management software is also often tied to point-of-sale (POS) software in many retail and storefront service operations. Very small operations can get away with fulfilling these functions with a simple spreadsheet. However, any business larger than that will want the asset identification, order tracking, and supply chain optimization capabilities that a good inventory management system delivers.
Costing Inventory
Inventory is considered a business asset. As such, it is accounted for in the Assets section of a company's balance sheet. When assets are sold or used, those results are also recorded in the Cost of Goods Sold (COGS) or Cost of Goods Used section of the income statement. That figure is computed by using one or more pricing methods. Common inventory valuation methods used in the US include First In First Out (FIFO), Weighted Average Costing, Standard Costing, and Specific Costing (or Specific Identification). Last In First Out (LIFO) was popular for a while but has fallen out of favor and generally isn't used anymore in most countries.
The acronyms LIFO and FIFO represent the order in which inventory is acquired and then sold or transferred. FIFO assumes that the oldest inventory is being sold or transferred first, while LIFO assumes that the newest inventory will be used first.
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Weighted Average Costing is often used in situations where items are identical to each other and it's impossible to assign a specific cost to an individual unit, or where the accounting system doesn't have the ability to track inventory by using FIFO (which isn't the case in any of the inventory systems we review here). The weighted average method divides the cost of goods available for sale by the number of units available for sale, which yields the weighted-average cost per unit.
Another frequent inventory valuation method is called Standard Costing. With Standard Costing, you substitute an expected cost for an actual cost in the accounting records, and then periodically record variances showing the difference between the expected and actual costs. This approach is often simpler than using FIFO in situations where there is a large amount of historical cost information. Standard Costing requires that you create estimated costs for inventory used in business; this method is used when it's too time-consuming to track actual costs. But it also requires that the estimated Standard costs be periodically compared with the actual inventory costs, and a variance entry be made in the accounting records.
An additional common valuation method is called Specific Costing. This method assigns a cost to each individual item in inventory. Specific Costing is used when inventory items each have a readily available cost that's different from other items in inventory. For example, a custom furniture manufacturer would be likely to use Specific Costing.
Finally, you should also consider the other end of this spectrum, namely figuring out the right price for your inventory. You'll often see other suppliers offering price breaks based on order quantity: Save 10 percent on our widgets simply by ordering 20 percent more widgets! But figuring out the best choice here for your business can be complex depending on the kinds of carrying costs associated with your particular products. The larger your inventory of prodocts, for instance, the more you're probably paying for storage and maybe even maintenance. This is where a system that can help calculate Economic Order Quantity (EOQ) can help. Typically, these come in the forms of customizable calculators you can configure to take into account the specific needs of your particular business.
Some Common Inventory Terms
As is true with many financial systems, the inventory subsystem has its own set of terms. While it's beyond the scope of this introduction to provide a comprehensive list of the terms you might run into, here are some of the more common ones.
One frequent acronym you'll run across is called BOM or BOMP. This stands for 'Bill of Materials' or 'Bill of Material Processing,' and you'll find it used most often in production inventory systems. A BOM is used when an inventory item is made up of sub-items; the list of these sub-items is the BOM. A similar term is 'kitting,' which is a bundling of parts or items that make up a finished item (which may then be used as an item in the BOM). You can have both kitting and a BOM in a single inventory item, depending on the item's complexity and how granular your need to maintain inventory pricing.
Sometimes you will run across the term 'Just-in-Time (JIT)' inventory. This is a logistics term used in supply chain management (SCM) operations to time the receipt of inventory so that it arrives just before or precisely when it's needed. This inventory strategy reduces the time that inventory is actually stored, which can save costs. But this strategy requires some advanced and well-tested SCM capabilities. Also tied into process management and SCM is something called 'Work in Process.' This tracks any inventory released to manufacturing and then tracks the inventory as it's used on the production shop or factory floor. In many cases, you'll find these two terms when examining production inventory systems aimed at everything from small production shops, such as your neighborhood motorcycle repair shop, all the way up to a large-scale auto factory.
Other Things to Look for in Inventory Software
Because of all the complexity involved in how inventory works in any particular organization, there will always be aspects of it that closely tie in with other parts of your accounting system. For example, both sales and purchasing are integral aspects of inventory since you can't sell or use inventory if you haven't purchased itâand you can't sell it if you don't have it available. The exception to this is drop shipping, which lets you accept a sales order and then have it shipped directly to the customer from your supplier's warehouse. In essence, if your inventory software has drop-ship capability (and your supplier is willing), then you're using your inventory supplier as a warehouse. Depending on how your accounting system is set up, drop shipments are often not recorded as inventory but, rather, are frequently posted directly to the 'Cost of Goods Sold' portion of your accounting system.
Often sold as a separate module, SCM refers to the logistics of obtaining materials needed for production and/or items needed for resale inventory. It involves purchasing, shipping, receiving, and storing, and as such, is tightly integrated with inventory. One aspect of SCM is called 'Reorder Point,' a feature you will often also find in inventory management systems. This can be a manual level entered by whatever inventory manager the system uses to generate an alert, or even a PO that brings the number of a stock item below a specific level. Some more sophisticated inventory systems use a technique called the Economic Order Quantity (EOQ). EOQ is a method used to calculate the optimum amount and times to order (or reorder) inventory to minimize holding or storage costs. Essentially, when using EOQ, you want the inventory to go as low as possible without resulting in a stock-out (i.e., no inventory to sell or use).
Retail Inventory
Retail inventory has some terms and procedures of its own. One important characteristic of a retail inventory is that it integrates closely with a POS system, meaning your cash register. The POS system provides a checkout device (including not just a cash register but also things such as bar code readers) that looks into the inventory database, identifies the specific item being sold, and deducts it from inventory in stock. Depending on the type of product or item being sold, individual items may be identified with bar codes or Radio-Frequency Identification (RFID) tags. These are assigned when items are checked into inventory and then checked out of inventory when they're sold. Some POS systems even identify the location of the item, perhaps in a specific warehouse or possibly even where it's sitting on the store floor. This is common in apparel, consumer goods, and electronic goods operations. Bar coding, item location, and bin identification are also functions you'll find in many inventory systems.
One thing to keep in mind is that inventory software is almost never used all by itself. Rather, it's often a part of a modular accounting system. Even if that's not the case, it will always need to talk to or integrate with other back-end business systems, especially with what you're using for accounting. Some businesses will prefer to get all of their accounting modules, including inventory management, from a single vendor. But, if you're willing to implement some integration, then you can tie together apps from different vendors. This can provide not only cost savings in terms of licensing, but will also let you leverage exactly the kinds of features you need, even if they come from different software vendors. All of the inventory systems we reviewed have the ability to export data, at least to a spreadsheet, so it can be imported into a third-party accounting system.
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