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Hybrid Stock Inventory Management

More and more organizations are recognizing the importance of the inventory function: the value tied up in stocks, and the potential losses from unnecessary obsolescence, damage or theft can be enormous. Inventory Management module for New Entrants and old inventory staff is designed to ensure that staff understands the methods and practices needed to minimize losses and maximize efficiency in the stores department. Practical and down-to-earth, its aim is to enable participants and implement what they have learned. In manufacturing inventory you have to keep track of each and every commodity either it is big or small. Our system is very comprehensive and procedure defined because it provides the key information to the management to take decisions for the further purchases of stocks on the basis of detailed analysis of price, materials or material groups, delivery information and price history. Items and suppliers are distributed categorically which eases the browsing / selection process for simple data entry and smooth documents to follow up. All the major required documents like Gate Pass, Goods Receive Notes, Sale Orders, Invoices, Quotations or inquiries, Mailing Labels can be printed through this system, which reduces your stationary and printing cost quite remarkably.

The web-based technology is the future tool for the information gathering. This technology gives users a liberty to move around the globe with their business with them. Users just need an Internet connection to logon to the system. Through this technique the systems are made available online thorough Internet. This type of solutions are very much cost effective as far as Internet connectivity is concerned. While other solutions, which are not, web-based only web enabled or run on desktop require a very heavy infrastructure for online connectivity to build a virtual private network. It requires routers and a heavy bandwidth which itself has a high cost; equipment like routers also cost a lot. In this web-based technology we use Microsoft Dot Net tools to overcome the cost of infrastructure and overall per month running cost.

Other advantage of the web-based system is that all the sites remain updated all the time after each and every single transaction. The data remains at one place on web server, which is shared by the sites or terminals. This technique makes data always intact and synchronized and management can generate reports on latest data any time for the analysis purpose.

If the decision makers are always on move like going abroad or the work is in different cities then this is an ideal solution. You just need a laptop and Internet connection where ever you are; it makes your business available to you.

If the users want to make an interactive website then this technology can be very much helpful to prepare the front end of the website, which can be managed through this system.

IMS (Inventory Management System)

Inventory or stores management is basically a process, which enables the organization to grow by leaps & bounds. A brief summery of these processes are shown below;

  Processing.

Processing is an integral part of any processing inventory system where you have to keep track of your stock, which is in process. In any processing unit stock in process plays a vital role for managing the right production on right time. The activities, which are mentioned below, are very well taken care of in this system

  •  Demand Request    
  •  Store stock issue  
  •  Store stock return  
  •  Consumption
  •  Returnable Gate pass  
  •  Processing Reports

  Purchase System.

Purchase activities are very well managed in our system.

  •  Requisition 

  •  Purchase Quotation

  •  Purchase Order 

  •  Stock Receiving 

  •  Gate Pass 

  •  Physical Stock Verification (Check Authorization) 

  •  Goods Receiving Note 

  •  Vendor Invoice 

  •  Purchase Return

  •  Purchase Reports

  Production Planning.

Our solution also keeps track of all the activities, which involve in production process, like the production-costing module to determine the direct and indirect costs arising from manufacturing a product. It serves the purpose of evaluating products under production in an up to the minute costing. It gives you the position for 

  • Daily Production Plan.

  • Auto Track On Production Planning and   actual production.

  • Production formulation & calculation

  • Formulated and actual cost comparison analysis

  • Production Planning Reports   

 

  Inventory Stocks

Systematic & Proper Stocks management gives a full control over the store & stock management as far as the following points are concerned;

Inventory Stock Reports

  • Stock in hand

  • Stock evaluation using LIFO, FIFO, WA or WMA

  • Stock Movement Reports Like  Fast moving items, Dead items, Slow moving items

  • Daily Store Report

  • Peak product period analysis

  • Work In Process

  Sale System

The most important processes of the business is generating revenue in the shape of sales. These activities are actively supported with outstanding functions of pricing, prompt order processing, on time delivery and direct interface with our financial package. This system handles;

  •  Sale Inquiry
  •  Sale orders
  •  Sale Quotation
  •  Delivery Order
  •  Invoicing
  •  Gate pass Out
  •  Sale Return
  •  Peak Sale periods calculation  
     

T h e  O u t c o m e

The success or failure of any enterprise can be greatly affected by the efficiency of its stores.  Efficient stores management can save an enterprise money, help to retain customers and maintain production; stores “mismanagement” can lose enterprise money, customers and production.  This Program provides the training essential for efficient stores management.  A stores manager must manage more than just the store and inventory; he/she must also manage stores personnel: plan, organise and co-ordinate their work, train, supervise and control them; we teach how that is done. 

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