Inventory Management

Inventory management software is a computer-based system for tracking inventory levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product overstock and outages. It is a tool for organizing inventory data that before was generally stored in hard-copy form or in spreadsheets.

Procurement

  • Issuing Purchase Orders
  • Receipts of Goods Management
  • Pending Order Status and Control
  • Summary & Purchases History Management
  • Transaction Status (individual as well as consolidated)
  • Creditors Management (Trade & Others)
  • Item Return
  • Attachment of documents

Sales

  • Item issue to projects
  • Putting margin in percentage for sale of an item
  • Sale of Inventory
  • FIFO
  • Detailed / Summarized Sales Reports
  • Integration with other Sales Reports
  • Location wise Sales Report
  • Project wise sale report
  • Sales Return
  • Attachment of documents against the sales

Inventory

  • Comprehensive Item / Stock Master
  • Stock Status Report (Quantity and / or Valuation)
  • Stock Control (for individual store / outlet, as well as on consolidated basis)
  • Inter Transfer of Goods (Issues & Receipts)
  • Multiple Stock Locations Management
  • Integration of Stock and delivery
  • Cost Management with Purchase prices, Landed Cost and Selling prices
  • FIFO/Average Costing method
 
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