| Inventory Managment |
| |
UOM Management
- Multiple UOM in the system.
- Classification of UOM – decimal and non-decimal.
- UOM conversion generic in nature.
- UOM conversions specific to an item.
Item Management
- Classification of items – raw material, capital item, finished good, packing material, consumables etc.
- Multiple UOM for an item – stock UOM, purchase UOM, sale UOM.
- Facility to change the UOM at the transaction level.
- Controlling the source of an item – production, purchase, subcontract, stock transfer.
- Controlling the usage for an item – production, sales, maintenance.
- Price definition for sales and purchase separately.
- Standard cost for an item.
- Lot and serial control for items.
- Substitutes for an item.
- Drawing number, item specifications against an item.
- Grouping of items for analysis purposes.
Kit Management
- Definition of an item as a kit.
- Constitute items for a kit.
- Quantity for each constitute item of a kit.
- Primary item for the kit.
- Sales price for a kit.
Inventory Planning
- Manufacturing lead time and purchase lead time for an item.
- Reorder level planning, MPS, MRP and Min-Max level planning.
- Automatic replenishment for reorder and Min-Max level planning through purchase orders.
- Reorder point and reorder quantity tracking.
- Minimum level and maximum inventory level tracking.
Warehouse Management
- Capital item warehouse and non-capital item warehouse.
- Multi level hierarchy of storage – warehouse, zone, bin.
- Auto stock allocation and issue methods at warehouse level and item level.
- Max zone bin allocation and min zone bin allocation.
PI Plan
- Physical count of actual stock in the organization.
- Validity dates for the PI plan.
- PI plan at warehouse level or zone level.
- Physical tag generation at warehouse, zone, bin or item level and printouts.
- Auto stoppage of transactions for warehouse with PI plan attached as part of control mechanism.
- Comparison between counted quantity and system quantity.
- Auto status change of tags based on the count quantity.
- Recount status based on tolerance levels for the difference between count and system quantity.
- Zone-wise and bin-wise stock quantity discrepancies can be tracked.
- Stock Adjustment for quantity discrepancies between system quantity and actual quantity.
Stock Value Adjustment
- Item-wise stock value adjustment.
- Standard cost revaluation.
- Automatic accounting in finance ledger and inventory ledger.
- Positive value adjustment and negative value adjustment
Shelf Life Management
- Shelf life for each item.
- Auto expiry date calculation based on receipt date.
- Manual expiry date in case of purchased items.
- Automatic status change of the items based on expiry date
Attribute Management
- Attribute definition for each item.
- Attribute classification into quantitative and qualitative.
- Minimum value, maximum value and standard value for quantitative attributes.
- Attributes to be inspected.
- Actual attribute recording during receipts and comparison against the standard acceptable attribute value
Inventory Valuation
- Multiple inventory valuation basis – FIFO / LIFO / standard cost / weighted average / actual costing.
- Inventory evaluation, mapped for each item.
- Automatic stock ledger and finance ledger update based on item valuation basis.
- Multiple stock issue basis – FIFO / LIFO / user defined allocation.
- Stock valuation based on landed cost
Material Request Maintenance
- Material request from the store by the shop floor is done using this transaction.
- List of materials to be issued can be defaulted with the help of Bill Of Material code.
- Value of stock issued to the shop floor can be monitored.
- Goods get allocated (status conversion) once a material request is done for the store.
- Allocation of goods can be automated or user-defined.
Stock Issue Maintenance
-
Stock can be of five types namely:
i. Inventory type – Done against a Material request
ii. Subcontract type – Done against a Subcontract order
iii. Sales type – Done against a Customer invoices
iv. Production type – Done against a Production order
v. Unplanned type
- Value of stock issued through different types of issues can be accounted in different account codes and the same can be analyzed over different periods by using cost centers.
- Lot/Serial number of items moved can be tracked.
- Mapping of issues against reference documents helps to keep the track over the actual quantity of goods requested and shipped.
Stock Receipt Maintenance
- Stock receipt can be of three types namely:
i. Purchase receipt – Done against supplier invoices
ii. Production receipt – Dome against production order
iii. Unplanned receipt
- Stock either in accepted and rejected status can be issued or received.
- Lot/Serial number of items received can be tracked.
- Mapping of receipts against reference documents helps to keep the track over the actual quantity of goods ordered and received.
Stock Transfer Maintenance
- Kits can be moved from one warehouse to another.
- Movement of items from the bin of one warehouse to bin in another warehouse is also possible.
- Stock in accepted and rejected status can be transferred.
Stock status conversion
- Stock status of a whole lot or of a single item (serial controlled) in the lot can be converted from accepted to rejected.
- Only stock in rejected status can be issued back as purchase return or taken back as sales return.
- Reason for status conversion and the name of the person inspecting the item can be maintained.
- Quality attributes of the item rejected can be specified.
Inquire stock
- Value of stock in each warehouse can be taken.
- Quantity of items in different status can be taken.
- Location of items within the company is possible.
Stock Return
- Return of stock from the shop floor to store is done through this transaction.
- The status of item returned can be of either accepted or rejected status.
- Stock return is of two types:
i. Production return – Done against a work order
ii. Inventory return – Done against a material request
- Value of stock returned through different types of stock return can be accounted in different account codes and the same can be analyzed over different periods by using cost centers.
- Lot/Serial number of items returned can be tracked.
|
|
Contact us
