Merchandise Management System

Merchandise management systems are software that illustrates the flow of goods

A merchandise management system (MMS) depicts and controls the flow of good of a company through the various trade levels. The key components of a merchandise management system are selling, purchasing, outgoing and incoming goods and storage. The features of a modern MMS are varied: merchandise management systems can create quotes, automatically cover purchase orders and contracts with workflow components and work from delivery notes and invoices. The units can be proactively controlled and inventories carried out with an additional component for warehouse management. There are open and closed merchandise management systems. While in open merchandise management system only ingoing and outgoing goods are recorded, closed systems offer the possibility to record the entire flow of goods at all stages from the planning up to goods volume and value. This leads to higher organisational and personnel expenses because spoilage and inventory differences need to be registered in additional damage.

Typical users of modern MMSs in industry and trade are manufacturing companies in diverse industries, retail and wholesale trade. Merchandise management systems are usually ERP systems which collect current inventories and goods needed for future orders and automatically process them.

Merchandise management systems control many areas of the company

The ERP offers the following application possibilities: merchandise management systems in purchasing can manage the product range, take orders and distribute and process contracts. They also receive returns. Merchandise management systems used in sales can capture customer data, plan sales promotions, record sales-relevant data and provide seller data and organise returns. Merchandise management systems that are used for incoming goods can verify invoices, accepting incoming goods, check incoming goods and regulate the delivery of goods. Merchandise management systems which are used for inventory management can highlight goods, manage storage space, call up the entire inventory list, regulate the surrounds and cover entire inventory measures. And last, but not least, a merchandise management systems used for outgoing goods can control the goods leaving, process orders, ready the range and even take care of the shipping.

You can find more information on merchandise management systems on Wikipedia: https://en.wikipedia.org/wiki/Enterprise_resource_planning and on the German-language Gabler Economic Lexicon: http://wirtschaftslexikon.gabler.de/Definition/warenwirtschaftssystem-wws.html