There are ample examples in the apparel industry that bolster the fact that poor inventory management practices may lead to heavy losses. It is, therefore, essential to develop an effective ERP software solution to streamline and optimize your inventory management processes.
At Oodles, we provide end-to-end software development services for inventory and warehouse management processes. Our development team has years of industry experience in ERP development for inventory management and we specialize in building enterprise-grade business solutions for apparel brands. We use open-source ERP software platforms to develop performance-driven inventory/warehouse solutions that drive business efficiency.
Also read Custom ERP Software Development For Inventory Management
Selecting The Right ERP Platform For Inventory Management
A holistic inventory management software lets you track every single inventory movement between different store locations and warehouses. Nevertheless, it is extremely crucial to choose the right ERP software platform that addresses your business requirements and fits right into the budget. For startups and small-to-medium enterprises in the apparel industry, choosing open-source ERP platforms could be the best option, considering their size and financial limitations. Let's get you familiar with two such open-source ERP platforms that may prove game-changing for clothing businesses. Here, we'll compare these platforms with respect to their inventory modules and the benefits they deliver to apparel businesses.
Open-Source ERP Platforms For Inventory Solutions
Below are the two most extensively used open-source ERP platforms for inventory management.
Odoo ERP
Odoo is one of the most sought after ERP software packages that offers the best support for inventory management. The Odoo inventory module comes with scores of features that enable apparel manufacturers to efficiently manage their inventory in the best possible manner. It is an open-source software package that is highly flexible, customizable, and easy to scale. Given below are the key features of the Odoo inventory module:
1. Tracks incoming/outgoing inventory movements
2. Prevents stock outages and the possibilities of overstocking
3. Provides centralized access to inventory data
4. The embedded double-entry inventory system aids in organizing warehouse data and streamlines internal operations
5. Facilitates seamless order processing and reduces shipment delays
6. Tracking and monitoring product expiration dates
7. Easy stock transfer between warehouses and multiple store locations
8. Improved support for scrap and waste management
In addition to the aforementioned features, Odoo inventory software comes with advanced features like barcode scanning, freight carrier integration, and more. Besides, it is easy to integrate with a host of other enterprise applications to boost overall business performance and productivity.
Apache OFBiz
Apache OFBiz is yet another reliable option for inventory management software development. It is an open-source ERP package from the Apache software foundation that is highly scalable and suitable for businesses of all sizes. Coming back to inventory management, OFBiz provides a number of features and functionalities to centrally manage inventory and business catalogs. It is equally beneficial for apparel brands as it lets them efficiently manage their incoming/outgoing stock, prevents stock outages, and cuts unnecessary expenses. Let's take a look at the benefits of using Apache OFBiz ERP development for inventory management:
1. Highly organized interface for inventory tracking
2. Easy to create and manage product catalogs
3. Intuitive, adaptive, and easy-to-use, software interface
4. Accelerated development and reduced time-to-market
5. Easy to code, scale, and customize
6. Provides real-time insights into inventory and warehouse data
7. Better performance and faster order processing
8. Offers the best support for data security and privacy
Apart from Odoo and OFBiz, there are several other open-source tools that offer similar features and functionalities. Some examples are ERPNext, Opentaps, and Dolibarr. At Oodles ERP, we are skilled at using all these tools to develop enterprise-grade inventory management solutions with a focus on improving your business productivity.
You may also be interested in reading A Technical Comparison Between Odoo and ERPNext
Closing Thoughts
Each of the aforementioned software platforms comes with its own set of pros and cons and it can be really confusing, at times, to make a choice. To sail through the intricacies of inventory software, it's advisable to consult ERP experts. Most ERP software development companies also provide ERP consulting services to help you move past the commotions and choose the ideal solution.
We, at Oodles ERP, provide 360-degree ERP consulting and software development services to overcome diverse business challenges with advanced problem-solving capabilities. Our development team uses agile methodologies to develop tech-driven inventory management solutions for cross-industry business use cases. We have proven expertise in ERP development for inventory management that caters to the diverse business requirements of our customers. We have successfully completed several full-scale ERP projects for customers from across the globe. View our project portfolio to know more about previous work. For project-related queries, drop us a line at [email protected].
