Benefits of IMS:-

• Ensures an adequate supply of materials.
• Minimizes inventory carrying costs.
• Facilitates Purchasing economies.
• Eliminates duplication in ordering
• Better utilization of available stocks.
• Provides a check against the loss of materials.
• Facilitates cost accounting activities.
• Enables management in cost comparison.
• Locates, disposes inactive & obsolete store items
• No more mistakes. IMS is an error free so it will be an audit free also.
• Assets can be seen from anywhere.
• Stocks can be verified at any time.
• Increased Information Transparency
• Shorter lead times
• Lower costs
• Improved Delivery Performance
• Accurate Planning
• Decreased Stock-outs
• Increased Inventory turnover