ERP INVENTORY CONTROL MODULE: Maintain Appropriate Level Of Stock In A Warehouse

ERP Inventory module facilitates processes of maintaining the appropriate level of stock in a warehouse. The activities of inventory control involves in identifying inventory requirements, setting targets, providing replenishment techniques and options, monitoring item usages, reconciling the inventory balances, and reporting inventory status. Integration of inventory control module with sales, purchase, finance modules allows ERP systems to generate vigilant executive level reports.

ERP inventory module covers all stock related functions of an organization. Stock management and valuation activities, which form the backbone of any organization generally, take a lot of time and resources. M- wan Inventory handles all the store activities of issues, dispatches, receipts and quality control. The lot wise stock of each item is maintained and various MIS are provided for tracking stock movement.

Features of Inventory Module:

• Maintain an item master file for the company
• Process the inventory within the company
• Facilitate purchasing
• Provide adequate online inquiry and management reporting capabilities
• Online status of item quantity in terms of on-hand, on-hand, available, reserved, ordered, to order, rejected, defective and reworkable quantities.
• Complete excise functionality and generation of excise registers
• Multiple levels of classification of items
• Quality Control based on QC parameters
• Handling Material Rejections
• Rejected Material dispatch to subcontractors
• Linking of GRN to PO and Invoice
• Gate pass – returnable/non returnable
• Cenvat claim for capital goods
• Analysis which help in maintaining optimum stock levels
• Physical verification of stock
• Reallocation of reworkable stock
• Multiple warehouses/branches/regional offices
• Stock transfer – receipts from other warehouse
• Excisable items – Definition and Chapter allocation
• Multiple units of measurement
• Alternate items for Production Planning
• Handling of non-stock low value items like stationery
• Lot wise tracking of inventory at shop floor and main stores
• Stock Valuation – LIFO/FIFO/weighted average
• Material Requisition from different requirement areas
• Purchasing and subcontracting
• Receiving material against sales order processing, material requirement, subcontracting, gate pass and production requisition
• Landed Rate of Items
• Consolidation of all warehouses
• Consolidation at any level of company hierarchy

· Get complete real-time visibility into demand, supply, costs and fulfillment measures and trends

· Manage margins with a clear view into inventory costs, turn rates and inventory profitability

· Eliminate manual inventory management processes and improve vendor satisfaction with a seamless procure-to-pay process

· Significantly improve your relationships with suppliers, vendors and partners by providing self service and real-time visibility

· Effectively and efficiently meet customer demand, helping drive and maintain superior customer service levels

· Meet your industry's specific inventory management and purchasing needs with easily integrated add-on solutions available from indiawebsitedesigndevelopment.com

Our inventory software are designed for any business that desires a complete control over stock levels and inventory tracking. This inventory software can be used either as a simple inventory control system or a complete manufacturing solution.

Inventory module facilitates processes of maintaining the appropriate level of stock in a warehouse. The activities of inventory control involves in identifying inventory requirements, setting targets, providing replenishment techniques and options, monitoring item usages, reconciling the inventory balances, and reporting inventory status. Integration of inventory control module with sales, purchase, finance modules allows ERP systems to generate vigilant executive level reports