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In many businesses, inventory is the
monetary value asset. In time of inflation, high cost of credit and
increased competition, it is imperative to manage inventory effectively.
The Stores & Inventory Management Module delivers an essential tool to
do an effective job of managing important assets.
The module forms the core of the
accounting, distribution and manufacturing facilities. It is designed to
integrate with all the major functions of the systems and to provide
timely and flexible reporting on inventory holdings.
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Both perpetual and periodic
inventory system support.
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Three methods LIFO/FIFO/Weighted
Average are supported to do inventory costing for profitability
analysis.
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Maintain raw materials, spares &
stores, finished goods and supplies as, stock items issued to
departments / cost centers.
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The system provides several
inventory locations, such as a sales outlet and separate warehouse.
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Caters for raw materials, spare
parts and supplies (stock items issued to departments/cost centers),
and finished goods.
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Maintain Batch wise inventory
record Maintains stock units and cost of stock for each stock item.
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Maintains re-order level and
re-order quantity for each stock item.
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Receipts and issues of stock
items immediately update the cost of purchase and inventory balance.
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Issues can be split into several
inventory types such as consumption, damage, sample, and bonus.
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In-Transit stock quantity is
maintained for inter-location transfer of stock.
Sample Reports
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