Inventory Management
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Inventory Management in an ERP (Enterprise Resource Planning) system refers to the systematic process of ordering, storing, tracking, and managing raw materials, components, and finished products. It ensures the right stock is available at the right time, in the right quantity, minimizing both stockouts and excess inventory.
Item Master & Categorization
Central repository for all inventory items with detailed attributes.
Key Capabilities:
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Define item codes, UOM, category, supplier link, and tax details
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Store item images, technical specifications, and pricing
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Support for variants (size, color, grade)
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Define HSN/SAC codes, GST rates
Standardizes inventory data for accurate transactions and reports.
Multi-Warehouse & Location
Manages inventory stored at multiple locations or warehouses under one system.
Key Capabilities:
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Track stock quantity and value by warehouse
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Internal stock transfers between branches or plants
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Region-wise and warehouse-wise stock reporting
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Buffer stock settings by warehouse
Improves control and distribution efficiency across locations.
Real-Time Inventory Tracking
Tracks inventory movements live—across warehouses, departments, and transactions.
Key Capabilities:
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Auto-updates inventory with every inward/outward transaction
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Bin location tracking within a warehouse
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RFID/barcode scanning for fast and accurate tracking
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Tracks stock across raw material, WIP, and finished goods
Enables accurate stock levels and supports instant decision-making.
Goods Inward & GRN (Goods Receipt Note)
Handles the process of receiving and recording incoming stock.
Key Capabilities:
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Create GRNs against purchase orders
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Quality check tagging during receipt
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Batch and expiry tracking for received items
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Auto-update stock levels and ledger
Improves inward process accuracy and supplier accountability.
Stock Issue, Transfer & Return
Manages how inventory is moved internally or issued externally.
Key Capabilities:
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Issue materials to production, service teams, or departments
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Record returns to suppliers or from customers
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Transfer items between warehouses
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Gate pass generation for physical goods movement
Tracks every stock movement, ensuring traceability and control.
Inventory Valuation Methods
Supports multiple costing methods to evaluate inventory value accurately.
Available Methods:
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FIFO (First In First Out)
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LIFO (Last In First Out)
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Weighted Average
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Standard Costing
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Moving Average
Provides flexibility in accounting based on industry standards.
Batch/Lot & Serial Number Tracking
Maintains traceability of products for industries with stringent compliance.
Key Capabilities:
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Track batches with manufacturing/expiry dates
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Serial number registration for warranty items
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Enable batch-wise QC, shelf life management
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Trace recalls or defective batches easily
Critical for pharma, food, electronics, and auto parts industries.
Inventory Auditing & Stock Reconciliation
Ensures data integrity between system stock and physical stock.
Key Capabilities:
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Physical stock entry and count sheet comparison
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Auto-calculate discrepancies and adjustment entry
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Audit trail for every inventory transaction
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Manage periodic or cycle counting
Improves inventory accuracy and detects fraud or shrinkage.
Comprehensive Reporting & Analytics
Empowers decision-makers with real-time, insightful reports.
Sample Reports:
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Stock Ledger & Valuation
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Item-wise Stock Summary
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Fast/Slow Moving Items
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Inventory Ageing Report
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Stock In-Out Report
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Dead Stock Analysis
Supports strategic planning and inventory optimization.
Experience CRM excellence
From intelligent sales automation that accelerates deals to robust reporting and analytics, our software solution is designed to make your business succed.
Cloud Based Solution
Efficiently scalable, easily manageable, undeniably powerful.
Detail MIS & Reports
Informative MIS reports for presentations.
User Friendly Interface
User-Friendly interface offers a perfect work environment.
Unlimited Users
Unlimited users account gives access to any information.
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