Flight Inventory Management

 

Why Flight Inventory Management System Is Necessary?

As the tourism industry becomes more competitive, travel agencies can book airfares and select departure/arrival locations and times, allowing them to provide lower prices and better services to their clients.

Travel agencies may use the Flight Inventory Management Module to specify charter flight seat inventory and distribute it in multiple online sales channels with whole online sale procedures independently or as part of tour packages.

A flight inventory system's primary goal is to control the availability of seats in various cabins and to manage fare groups or buckets. Flight schedules, inventory levels, fare pricing, service fees, ancillary sales, user management, and much more are all monitored and controlled in real-time using state-of-the-art interfaces.

Inventory management systems help track inventory levels, orders, sales, and reservations. It is also used in numerous organizations to create orders, bills of bookings, and other customer-related documents.

A flight reservation system is a comprehensive airline reservation software solution that integrates GDS/Flight XML services into a travel agent's travel portal. Businesses may instantaneously access all flight data and capabilities online, reducing operational expenses, development time, and maintenance time.

Furthermore, this airline reservation system enables the booking of flights in conjunction with other travel services such as hotels, excursions, activities, dynamic packages, and transfers to improve customer experience, boost online reservations, and increase profitability.

The flight inventory management system is a platform for managing various flight inventories through a single channel. The most fundamental aspect of an inventory management system is inventory control, which keeps track of available seats. Furthermore, the inventory control function must compute seat pricing based on the rates and booking criteria maintained in the Fare Quote system.