Several ERP apps are available in the market, each with different features. Most ERPs have standard features suitable for businesses across different industries. However, there are other uniquely designed for specific businesses, such as restaurants, retail, and hotels. If you have a small business, you can also get inventory tracking software for small businesses. 

There is also the option of customising an inventory management app using a no code app builder. This allows you to create an ERP system that meets your needs. For example, if you have van sales, you can add this segment if you can’t get an ERP app that specifically targets businesses with this model. 

Here are some key features to look for in ERP apps.

Order Processing

A good inventory management app makes order management easy, from the moment the potential client expresses interest in the product, even if they don’t proceed to check out. Capturing interest in a specific product shows you it is popular, even to those who cannot afford to buy it now. 

This feature also makes it easier for you to track an order, from billing to delivery. Various departments can access the same automated system to process the order until it is shipped to the customer. If there are any issues, it is easy to identify where it occurred and how to fix it. 

Accounting

Although many people get the inventory management app to keep track of their stock, it is impossible to do so without linking it to the finance side. The inventory is a cost for the business, and you need to keep track of it because any discrepancy could mean money lost for the business. 

You can easily tell how much money is still tied up in the stock, and how much you have made from sales. The ERP app helps ensure the inventory is sustainable, and that the business doesn’t have too much money in stock, especially in those that don’t sell quickly. 

If the business has different selling points including van sales, online stores, or multiple stores, the inventory in each section is tracked and accounted for before and after sales. 

Project Management

The best inventory tracking software for small businesses should also have a project management feature. It is designed to help businesses plan and monitor projects. For example, those in retail can monitor their campaigns and consumer response to it. 

If there are new products targeting a different demographic, you can monitor the progress and determine if it is working or not. It is easier to make decisions, such as those affecting budgets and risks. 

The real-time data captured by the ERP data, whether you buy it as it is or prepare one from a no code app builder, also helps businesses make timely decisions. If inventory is not moving as fast as expected, you can choose to restructure the price and halt purchasing similar products in the future. 

Integration

The ERP app also allows integration of data across different departments. You can choose to limit access to every department based on the role they play, but have management access for  all departments to ensure all departments are working perfectly. You can also see if your business has a high, low, or negative return on investment. 

These are some of the key features on the ERP app. There are many more, and you can even add others with a no code app builder. Every business has a lot to gain from the features on the ERP app. You should first confirm the features you need and compare them with those available on the app.