INVENTORY CONTROL

An Inventory Control system ensures Stock Movement Key Features:

optimum inventory levels and thereby
software records and processes
decreases inventory carrying costs  Multi-location inventory
all stock movements including
and increases operational efficiency  Stock valuation on weighted
stock incoming as well as
and profitability. average method
outgoing transactions. This
software Inventory Control includes Goods Receipt Vouchers  Negative stock detection
module manages inventory and (GRV/GRN), - both Local and  Complete supply chain
keeps track of material receipts, Overseas, Delivery Notes, Sales integrated with Sales Order
issues, transfers, replacement, Returns, Purchase Returns, Processing and Purchase
consumption and adjustment Transfer across locations, Material Order Processing
entries. Supports multiple store Issues and Returns, Issues to  Material Issues and Returns for
locations, transfer between Projects, Production Vouchers projects
locations, Item groups and sub (updates the consumption of  Project wise material issue
groups, stock aging, stock raw material and addition of report with cost and quantity
ledger, finished goods entry finished goods), Internal
 Production & Processing sub-
through production vouchers, Consumption, Damaged Stock,
modules
stock status reports, re-order levels. Replacement of items, Stock
Adjustment vouchers etc. The  Production Norms
Inventory Control module can relevant store location will be  Customer Enquiries,
be implemented as an updated and the overall stock Quotations, Sales Orders,
independent module though it is position, value and average rate Delivery Notes, Cash Memos
closely integrated with the are also calculated. and Invoice Generation
Financial Accounting, Purchases integrated with Sales Order
Order Processing and Sales Processing module.
Order Processing modules to  Purchase Requisitions, Supplier
provide a comprehensive solution. quotations, LPO preparation,
Good Receipts integrated
Item Information with Purchase Order
The items/products could be Processing module.
defined in Item Master screen.  Search stock item with drill
Items can be classified into down to stock ledger
Groups, Sub Groups and Make/  Authorization and approvals
Model. The re-order levels, minimum for specified transactions.
and maximum stock levels, selling Stock Ledger
 Automatic posting of Stock
price etc. could be specified. Stock Ledger provides detailed
value to General Ledger
information on complete movement
 Purchase reconciliation (GRVs
Stock Valuation of i tem s arranged i n the
chronological order. It can be and Credit Bills posted to GL)
software follows weighted  Average rate recalculated
average method for stock valuation generated for all or selected store
locations. before stock reports are
and the it is re-calculated
generated each time to
automatically during each purchase
transaction. In case of stock Stock Reports ensure correct valuation
existing during the system Provides stock position, value and  Stock Ledger and Reports
implementation, the opening average rate along with the last  Location wise Stock Reports
stock and value could be entered purchase rate. Report could be  Auto Credit/Debit notes on
for each store location and the generated for all or selected store Sales/Purchase returns
average rate will be arrived based locations. Stock aging reports and  Stock Aging Reports
on these values. reports on stock variance between
the physical and book stock are also
provided. Customized Software
to meet your requirements