Inventory Management System in ERP

Inventory Management in ERP Software

Inventory Management System

The Inventory Management System in ERP Software is responsible to manage the stores or warehouses of a manufacturing or trading company.

Inventory control system basically falls into the overall categories of raw materials, semi-finished goods, finished goods, work-in-process, Consumables, Service, repair, replacement, and spare items (S&R Items) including scraps.

The inventory management module in our ERP software manages all items mentioned above.

Inventory Control System

Inventory Control address all the demands for materials from the different departments, issuing the materials against demand. Checking minimum and maximum levels.

Any business that depends on physical inventory for its success needs to have a reliable and efficient method for managing Inventory tracking.

The Material Management Software involves the recording, analyzing, and managing of the company’s inventory that depends on physical inventory.

WMS Inventory Management

The warehouse management system manages the entire warehouse from Entry of the goods to dispatch. Bin management, location management, and room management are the best features in our WMS Inventory Management.

Using the WMS you can manage the unlimited location, rooms, Almira, shelve, and racks, every location is virtually and physically demarked

Inventory Management module in ERP Software helps maximum workflow efficiency, maximal return on investment (ROI), the least costs on inventory, and better control of their costs and finance.

Inventory Management

Inventory Management System

Features and functionalities in Sales Module of ERP Software. The stores and warehouse department is closely connected to the purchase, production, sales and dispatch departments. In our ERP Software, the stores and warehouse department has access to the production, purchase and sales department data on a real-time basis. So that proper planning can be done for the Inventory control system.

Inventory Management System

UOM Group Setup
Unit Management
Manufacture Management
Categories & Sub Group
Multi-Unit
Item Group & Sub Group
Item Creation
Stock In
Client Price List
Stock Journal
Tax category (HSN/SAC)
Issue Slip
Product tags
Branch
Vendor / Supplier
Stock Attribute

Inventory Control System

Stock Specification
Department / Division
Production Unit
Demand Slip
Requisition Slip
Issue return
Materials Receipt Note (MRN)
Goods Receipt Note (GRN)
Pending Items
Stock Trial
Stock Register
Customer Price List
Supplier Price List
Daily Stock Account
Stock Details
Monthly Inventory Analysis

WMS Inventory Management

Warehouse Inventory Setup
Warehouse Location
Store, Room, Shelf, Rack
Delivery Challan
Bulk Stock Upload
Individual Stock
Stock Movement
Stock History
Stock Life Cycle
Stock Counting
Stock Posting
Stock Variance
Assets Management
Store Front POS
Discount Management
Scrap Management

Advantages and Benefits

Benefits of Inventory Management in ERP

Advantages and Benefits of Inventory Management System in ERP Software, In a manufacturing industry Inventory control System is the main heart of the entire manufacturing or production process. The material movement will be able to help you to find the right product with the right quantities for running a smooth production process. Stock life cycle right from creating the stock, opening balance, demand, requisition, goods received from suppliers, inspection, issuing the raw materials to the production department everything depends on the Inventory management control.

Predictability

Our Inventory management module in the ERP Software helps you to engage in capacity planning and production scheduling, you need to control how much raw material, parts you process at a given time. Inventory buffers what you need from what you process. It will predict what are the raw materails & quantity you required

Fluctuations in demand

You don't always know how much you are likely to need at any given time, but you still need to satisfy customer or production demand on time. If you can see how customers are acting in the supply chain, surprises in fluctuations in demand are held to a minimum. Our inventory management module in our ERP Software will help u the same

Price protection

Inventory management module in our ERP Software will help Buying quantities of inventory at appropriate times helps avoid the impact of cost inflation. Contracting to assure a price does not require actually taking delivery at the time of purchase. Opt for a periodically deliver rather than taking supply for a product all at at at time for entire year

ORDER MANAGEMENT

Once a company has ordered for a product delivery in huge amount, the inventory management module in our ERP Software of the manufacturing industry automatically creates bills of material required to finish that order.

INVENTORY TRACKING

After the goods are produced, they are given specific barcodes which has been created using inventory management module in our ERP Software, helps in tracking the location of the particular product.

PRODUCT IDENTIFICATION

Barcodes were used with the purpose of tracking products on their dispatching from the warehouse. Barcode readers are the machines meant for this reading. Every product of the same type has a barcode of its own an unique number.

We provide ERP Source Code also, please find more details of source code

Inventory Management

Inventory Management Screenshot

There are more than 70+ screens in Inventory Management in erp software which include an entry screen, transaction screen, and report screen. For a sample demo only some of the features in Inventory Management module of ERP system screenshot provided. Entire features of the sales module of the erp system you will get in the video demonstration link and in the live demo link of the ERP system