Inventory Control

Item structure, Item Details and Transactions with transactional inventory valuation of all  items such as goods in stock, property assets, etc. of a business

  • Store Item
    • Specifications
      • Parameters and value
    • Balance (Company & Branch level)
    • Reorder level & Auto-indent
    • UoM Conversion
    • Price Types
      • With specific taxes
    • Cost revaluation details
      • Estimated Costs
    • Bin Mapping
    • Substitute items
      • Alternative names
  • Store Item Categorization
    • Item Type
    • Item Category
    • Item Sub Category
  • Batch control
    • Purchase
    • Production
  • Auto Accounts Update for item transactions
  • Standard Reports
    • Item Balance
    • Item Movement
    • Physical Inventory reconciliation
    • Valued Inventory Report

Description

  • 4-tier Item Categorization
    • Item Type
      • These may be Raw material / Semi-finished goods / Finished Goods/ Products / Consumables / By-product / Asset
      • Item Type defines the Type-of-account in Balance-sheet
    • Category
      • This is created within an Item-type
      • The Accounting information is inherited
    • Sub-Category
      • This is the further division of the Category
      • The Accounting information is inherited
    • Parameter Set
      • This is the further division of the Sub-category on the basis of Set-of-parameters
  • Item
    • Specifications
      • Parameter-set based Specifications
      • Specification based auto QC-plan
    • Balance
      • Company & Branch level
      • Convertible UoM: Separate UoM for Issue, Purchase and Stock-balance
      • Item movement (Sale, Purchase, Sales Return etc.) tracking at a glance
      • Batch Control: Batch wise Item Balance
    • Purchase requisition/indent is created automatically on marked Reorder-level
    • Unit Cost
      • Purchase
        • LIFO/ FIFO & Weighted Average
      • Production
        • Batch based Product cost with Weighted Average
      • Estimation
        • Design (BoM) Based Cost
        • Estimated Cost, for Items used in BoM, but not yet purchased
      • Item Cost-revision history
    • Maintain
      • Substitute items (can be used in BoM) & Alternative items (obsolete part/ item)
      • Competitor’s Items
      • Alternative Item-names (can be used in BoM)
    • Customers
      • List of Customers for Product Item
    • Vendors
      • List of Vendors for each Item
  • Batch control
    • Batch Type – Production, Purchase, Dispatch, etc
    • Create: BoM Based Project and, Process based Tasks
    • inventory Transactions, after Task-initiation
  • Auto GL Transaction
    • A group or an individual GL account can be selected for Items
    • GL Transactions automatically created in the background
    • GL accounts updated by batch transferred to GL module
  • Purchase-cost  Revision
    • Revalue Unit-cost of a purchase, before importing a GL batch
    • Automatically updates landed cost on item transactions and GL transaction
  • Standard & Customized Reports
    • Item Balance
    • Item Movement
    • Physical Inventory reconciliation
    • Customized analytical reports
  • Import & Draft
    • Every existing Item can be imported and used as a template
    • Any incomplete Item can be saved as Interim-draft
    • Multiple draft versions can be saved, all can be discarded and one can be Finalized later
  • Attachment & Retrieval
    • Attach unlimited Documents on each Item
    • Retrieve any specific attachment, from the Item or using the Central Repository of our DMS
  • Communication
    • Can be set on Item
    • System Communication Types
      • Approval
      • Alert
      • Warning
      • Reminder
  • Communication
    • System or User Generated
    • Inter or Intra Company Items
    • Single or Multi-Level
    • Mandatory or Conditional
    • On event or field (absolute or relative) value
    • Launches Workflow
Inventory Control