Inventory

Inventory management helps in building fundamental block to longevity, helping businesses to minimize costs, improve cash flow and boost profitability.

An inventory management process is about tracking and controlling your brand’s stock from the moment it’s manufactured until it reaches customers. This includes procuring, replenishment, storing, moving and processing.  

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Scope Of Inventory :

  • Create Different Warehouse for related Site.
  • Create different warehouse zone and Location for Warehouse.
  • In Inventory, component can be created under different Categories and classes and can be store at different locations.
  • Create a structured list, identifying all materials and components required to construct a product, as well as the instructions for procuring and using the materials, known as bill of Material.
  • As per requirement, Inventory adjustment can be created for ‘Inward’ or ‘Outward’ type.
  • As Per requirement, Inventory Movement can be done for product or component from one stock location to another.
  • To retain the minimum stock, replenishment would be created and can be fulfilled using Purchase Requisition or Production Order.
  • Create Subcontracting Order, Production activity given to third party which can not be performed at OEM.
  • Create Material Request for operation and fulfilled Material Request.
  • Create Material Scrapped from Material remain.

 

Site & Warehouse Setup

Component Management

Stock Management

Inventory Adjustment

BOM Setup

Replenishment Process

Arrival Management

Shipment

Inventory Management