Inventory Management System
We help you to run the Store Management in a successful way STABLE and SAFE
Introduction
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. 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. It is often associated with and is similar to distribution software, as distributors that can compete with less cash tied up in inventories have a distinct advantage over their competitors. Inventory management software is made up of several key components, all working together to create a cohesive inventory for many organizations systems.
Purpose
- Maintaining a balance between too much and too little inventory
- Tracking inventory as it is transported between locations
- Receiving items into a warehouse or other location
- Picking, packing and shipping items from a warehouse
- Keeping track of product sales and inventory levels
- Cutting down on product obsolescence and spoilage
Advantages
- Cost savings
- Increased efficiency
- Warehouse organization
- Updated data
- Data security
- Insight into trends
- Customer and vendor management with integrated email and SMS options, which means keeping your stakeholders up to date
How Purchase Works?
- Creating assets is the process of asset information being integrated into the Asset Management module from another module (Purchasing, Accounts Payable, or Project Costing.)
- Based on the indent raised purchase orders will be created
- Once the materials are received, system captures the materials details and sends information to asset module
- Asset ID will be generated for one off assets and bulk assets with unique manufacturer serial number
- Asset ID is tagged to the serial number of the asset
- All other assets will have unique asset ID and serial number, and quantity of One
Transaction Course
- Indent Creation
- Issue of Assets
- Receipts
- Daily Auditing of assets
- Asset Return
- Asset Return Receipt
- Repair Center
- Help Desk
Here in Approvals!
- Purchase Order Approval :- Purchase order request is raised and concerned authorised person should approve for furher process
- Asset Issue Approval :- On creation of Indent, it is verified by higher authority and approved for further process of issue of assets
- Asset Return Approval :- To return failed assets return indent as to raised and get approved by the main store manager for retun of asset