Inventory Management
Inventory Management describes the system businesses use to ensure optimal inventory levels at all times by organizing sourcing, storing and selling both raw materials and finished product. Good inventory management leads to optimal stock levels at the right price at all times and reduces overall costs.With inventory management techniques, businesses can oversee both raw materials and finished products, and can regulate the warehousing and processing of these items, as well.
Inventory management can be much easier, more efficient, and cost-effective with an inventory management ERP. distribution, and supply chain organizations manage all aspects of their inventory in real time, including costs, orders, products and materials in stock, supplier information.
Optimize inventory tracking and fulfillment
Ensuring product availability goes hand-in-hand with optimizing your fulfillment potential, and thankfully, ecommerce inventory management supports both of these objectives. With proper inventory tracking, you’ll know exactly how inventory is moving so you don’t miss out on sales or ruin a customer’s experience because you’re unable to complete their order.
Inventory tracking
Inventory management software integrates with other crucial systems to improve inventory control by tracking your inventory in real time, showing you where it’s located and how it moves throughout your ecosystem. This eliminates human error, something for which a manual spreadsheet system is notorious.
Improve inventory turnover
Common sense tells us if you continue to invest in your inventory when you have a surplus of unmoved products, you stand to lose money in both the short and long-term. Fortunately, tracking inventory in real-time keeps surplus and waste to a minimum, while also ensuring the production and storage of said inventory is handled efficiently. By preventing aging stock, you can avoid gratuitous losses and gain more control of your finished goods.
warehouses
Stock must be allocated to at least one warehouse, but quantities may be allocated to multiple warehouses, and movements between warehouses can be initiated and tracked. As warehouses will probably be in different locations where the costs might vary, Company allows for different costing methods and costs per warehouse.
FutherMain Features
To try the most advanced business
General (Store)
- Supplier
- Warehouses
- Item Cards
- HSN Details
- Category
- Item Sales Price List
Inventory Transaction
- Transfer Voucher
- Adjustment
- Item Inward
- Item Issues-Consumption
- Item Return
Purchasing
- Purchase Order(LPO)
- Store Receipt Voucher
- Local Purchase(GST)
- Other State Purchase(IGST)
- Goods Recieved Note
Sales / Work Order
- Sales Contract
- Sales Order
- Local Sales(GST)
- Other State Sales(IGST)
- Sales Receipt Detail
Production Management
The process of managing production inputs (raw materials, capital, and labor) to produce outputs (finished products).
For companies that manufacture products, production management is necessary to ensure the operations and logistics (supply chain) run smoothly.
- Design production process.
- development of production.
- Production planning.
- control Production.
Macheneries
- Machine Master
- Machine Material
- Work Order
- Service Movement
- Service Entry
Efficient Stock Control
- Inventory Planning
- Inventory Receipt
- Inventory Storage
- Inventory Tracking
- Inventory Counting
Multiple Warehouse Management
- Optimize Communication Flows Across Warehouse Locations.
- Ensure That All Data Remains Synced Across the Organization.
- Re-Evaluate How You Do Warehouse Inventory Stock Counts.
- Change the Layout of Your Warehouse Locations.
- Optimize Warehouse Locations For Geography.
- Look For Cost and Time Savings Based On Inventory Data Flows.
Products Categorization
Bring ease and clarity in all warehouse operations by defining products in the Master and categorize them based on the type, location, brand, attribute and many other options. The stored information would include name, item code, item description, item group and units, along with other optional information such as standard and overhead costs.
- convenience goods.
- shopping goods.
- specialty goods.
- unsought goods.
Supplier Management
Supplier information management, vendor performance tracking , alternate vendor suggestions etc. are the common business requirements and expectation from IMS. Also it should facilitate communication between suppliers & business to streamline the procurement process
- Selecting and approving suppliers
- Assessing and comparing suppliers
- Developing and optimizing suppliers
- Ensuring compliance with industry-wide and company-specific quality standards
- Monitoring delivery processes (e.g. delivery times, transport costs, completeness)
- Conducting supplier audits.
Reporting and Analytics
Reporting is the process of gathering and presenting data in a structured format such as graphs and tables. Organizing information in predefined KPIs and metrics makes it easier for you to understand what is happening. Analytics is the process of analyzing your data to identify patterns and gain insights. Customizable reports providing analytical insights on inventory performance, turnover rates, fulfillment rate, stock movement, and more aids in decision-making
- Descriptive analytics.,
- predictive analytics.,
- prescriptive analytics..
Mobile Compatibility
Access to inventory information via mobile devices is very helpful for Sales persons. It enables on-the-go inventory management and updates, especially useful for staff on the warehouse floor. Mobile ERP apps simplify and streamline day-to-day business processes by reducing the time and resources required to enter data into the ERP system manually. With mobile ERP, users can easily create, access, and share business information directly from their mobile device.
- enhances user experience,
- improves SEO rankings,
- expands reach,
- provides a competitive advantage,
- adapts to changing user behavior,
- ensures faster loading times,
- boosts brand perception.
Our Great Team
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Sekar
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HR Management
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Our team of experts is dedicated to delivering innovative IT solutions that drive business success. With years of experience in software development, project management, and technical expertise, our team members are passionate about leveraging technology to solve real-world problems.
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Our Work
Increased Efficiency
A centralized inventory management system manages business operations from a single source of truth. Centralizing this approach eliminates overhead and cuts costs while facilitating automation of day-to-day operations to increase productivity and drive competitive advantages. Implement a First-In, First-Out (FIFO) system to ensure older stock is sold first.Use barcode scanning and RFID tags for accurate tracking and counting. Optimize storage and shelving to maximize warehouse space. Automate inventory tracking using inventory management software.
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Our Plan
To try the most advanced business
- System Storage Auditing
- Customized Reports
- Unlimited Training
- Data Migration and Developer Support
- 24X7 Online Support
- Direct Customer Visit for Customer Support
- Regular and Weekly Back up
- System Storage Auditing
- Customized Reports
- Unlimited Training
- Data Migration and Developer Support
- 24X7 Online Support
- Direct Customer Visit for Customer Support
- Regular and Weekly Back up
- System Storage Auditing
- Customized Reports
- Unlimited Training
- Data Migration and Developer Support
- 24X7 Online Support
- Direct Customer Visit for Customer Support
- Regular and Weekly Back up
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