A Review of Megaventory – Manufacturing and Inventory Management Software Solution
Megaventory is a web-based business software solution designed for small- to medium-sized businesses and large companies that are into buying, selling and manufacturing of physical products. The software solution comes with features that emphasize on manufacturing and inventory management and is generally used by businesses in the apparel, consumer goods, retail and electronics markets. The platform is also a staple cloud-based solution among nonprofits and universities.
Megaventory is the perfect inventory management platform for businesses that prefer to forgo training and a steep learning curve just to be able to properly utilize a business software application. As a user-friendly platform, Megaventory provides users the ability to manage and control their business inventory, accept sales orders and distribute purchased products. They can also do basic invoicing as well as perform simple manufacturing-related processes.
When necessary, Megaventory also offers contact management solutions and allows users to create rather sophisticated reports quickly and easily. Considering what the platform is capable of delivering to businesses regardless of size or scale, there is no denying the software solution would be a great asset, the perfect addition to your company’s cloud-based business solutions.
How Megaventory works
Megaventory is the ideal business management solution for small- and medium-sized businesses as it facilitates a wide array of processes in a typical company’s day-to-day operations across a vast range of work scenarios.
The inventory and manufacturing management platform can handle purchase orders to your company’s suppliers. It can do invoicing, inventory increases tracking as well as returns to vendors. Megaventory also supports sales order fulfillment and the needed stock increase, which comes with return tacking as well.
Megaventory supports other common scenarios like selling on consignment, pre-ordering, drop-shipping and a variety of workflows that are crucial to any brick and mortar establishments and e-commerce businesses.
In addition to the feature-rich inventory management solutions the platform delivers, the manufacturing side of the business is perfectly supported as well. Bundling and bulk processing are major day-to-day activities most manufacturing businesses deal with. With Megaventory, those activities are made easier and more efficient.
Tracking of bills on materials, partial receipts, allocations and labor costs and other processes like the associated paperwork is made simpler and less time-consuming with the solutions provided by Megaventory.
The platform comes with smart and comprehensive reporting features, which provides managers and decision makers all the information they need such as inbound and outbound movements of products and materials, the availability of those materials, gross profit, inventory values and so on. Basically, as a business owner, manager or supervisor using the platform, you have access to all the necessary information you need to effectively manage your operation.
Some of the key features included in the Megaventory business management solution include the following.
Inventory management
This module comes with a wide range of features that include multiple inventory locations, stock alert levels, returns of goods from clients, returns of goods to the suppliers, supplier availability and lead times tracking and many more. It also allows users to trace inventory changes over time and provides full serial numbers support.
Order fulfillment
The order fulfillment module allows users to retrieve sales orders from clients, send out purchase orders to suppliers and prepare accurate sales quotes for customers. It also offers contact management solutions, shipping providers, partial shipping and receiving and sale on consignment. This module is especially useful to retail businesses and manufacturers.
Comprehensive reporting
When it comes to reporting, Megaventory delivers quite a bit of valuable insights to managers, supervisors and stakeholders. The reporting feature is capable of monitoring both inbound and outbound movements of products and materials, availability levels, gross profit and inventory value. It also provides serial numbers tracking, share reports to users and is business intelligence ready.
Manufacturing management
The manufacturing management feature allows users to create billing of materials, allocate components to work orders, track work in process cost and assign labor costs per work order. It provides full or partial receipts for finished goods as well as work order printouts. This is a valuable solution for businesses in the manufacturing industry.
In-depth control of the platform
Megaventory provides users complete control over the platform through a variety of key components that are built-in to the system such as sophisticated user permissions, backup and restore capabilities, comprehensive data import and export and pricing rules. The software solution is also drilldown data capable and supports multiple currencies and currency exchange rates.
Customization features
The Megaventory business management platform can be localized into multiple languages, it has customizable user strings, comes with multiple integrations with third-party applications and has a rich and straightforward application program interface (API). The solution also offers a variety of custom document and invoice templates.
The benefits of Megaventory manufacturing and inventory management software
Megaventory offers a plethora of benefits as many businesses and organizations that have been using it can attest. The software solution provides users with an impressive combination of the best technology and functionality, which allows them to focus more on other aspects of their business instead of spending time on administrative tasks that could be easily taken care of in mere minutes with the right tools and services.
So what can Megaventory do for you? What does it offer to help facilitate your day-to-day operations and management processes? As mentioned above, Megaventory comes with various features and tools that allow you to tackle daily activities more efficiently, which in turn saves you and your in-house personnel a lot of time.
The platform enables users to issue sales quotes, purchase orders, work orders and inventory transactions, whether it’s inventory coming in, coming out or being transferred. It helps to ensure real-time B2B interaction and allows for easy distribution of information across multiple users, partners, suppliers and customers.
And while Megaventory assists users in their administrative tasks, it also maintains detailed analytical user logs, allowing them to create in-depth custom reports on a reasonable price. That very same price also covers excellent customer support services.
The effectiveness of Megaventory as a web-based manufacturing and inventory management solution can be attributed to the fact that it is cloud-hosted. This means that businesses can do away with extensive setups and costly deployments. You can easily and quickly set up the platform with minimal effort and labor cost and implement it in no time at all. Also, it doesn’t require you to purchase additional equipment or programs.
Despite of the platform’s simplistic and manageable design aspects, which is actually what makes it so easy to use and operate, Megaventory comes with a lot of advanced features designed to enhance user experience and efficiency. It also protects your data through regular backups regardless of the type of device you are using.
Megaventory pricing plans
Megaventory is priced on a per-user, per-location basis. They offer three amazingly affordable pricing plans with a 15-day free trial. Each pricing plan is charged on a monthly basis and is designed to meet the needs of businesses and organizations of varying sizes and scales. Check out these plans and choose the subscription based on your usage and your needs.
Starter: $9.90 per month
• Good for 1 location
• Single user
• Up to 300 products
Business: $49.90 per month
• Up to 5 locations
• 5 users
• Up to 5,000 products
Corporate: $99.90 per month
• 10 locations
• Up to 10 users
• Up to 20,000 products
All plans include all of the features that come with the Megaventory platform, as well as complete technical support. You may visit the Megaventory official website for more information about the platform, its features and the pricing.
Conclusion
Megaventory is an efficient cloud-based solution for businesses of all sizes across multiple industries. It comes with minimal setup requirements and no extra equipment needed. The platform is scalable to match your growing business and is offered at reasonable pricing plans. It is easy to use and has a fairly short learning curve.
If you’re looking for an affordable, user-friendly and reliable manufacturing and Inventory Management Software Solution, then Megaventory is most likely the right fit for you.