INVENTORY
What is INVENTORY
Inventory is the lifeblood of many businesses, and poor control can lead to losses. The Inventory module provides real-time visibility into stock levels, warehouse operations, and product movements.
Automated stock alerts, reordering levels, and warehouse tracking reduce the risks of overstocking or stockouts. This helps businesses achieve lean inventory management while ensuring customer demand is met efficiently.
Benefits of INVENTORY Module
Improved Stock Accuracy
Prevents overstocking, stockouts, and inventory loss through realtime data and alerts.
Optimized Costing with FIFO/LIFO
Ensures precise stock valuation and financial reporting through configurable costing methods.
Enhanced Warehouse Efficiency
Tracks goods across multiple warehouses, locations, and bins, increasing control and minimizing delays.
Features of INVENTORY
- Multi-Warehouse Management
- Batch & Lot Tracking
- Real-Time Stock Visibility
- Stock Valuation Methods (FIFO, LIFO, Weighted Avg.)
- Minimum, Maximum & Reorder Levels
- Material Transfer Note (MTN)
- Stock Adjustment & Reconciliation
- Item Master Management
- Serial Number Tracking
- Stock Aging Report
- Inventory Audit Trail
- Opening & Closing Stock Management
- Goods Issue Note (GIN)
- Stock Reservation
- Damage & Scrap Management
- ABC Analysis
- Unit of Measurement (UOM) Conversion
- Stock Location Tracking
- Barcode & QR Code Integration
- Cycle Counting Support
- Inventory Reports & Analytics
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