Inventory Management Module |
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Efficiently controlling procurement, stocking and warehousing functions
Procurement and efficient management made easy
Inventory management functionality within the scope
of an ERP system serves to provide enhanced
procurement capabilities, in addition to consolidating the
abilities of larger materials handling features. Efficiency in
procurement and warehouse management features are
of primary importance in the wake of ever existing
pressures exerted by rising raw material prices.
Ideally, efficient inventory management should be able to
rapidly respond to customer requirements; at the same
time should be flexible enough to undertake any
corrections when required, and do the so without
adversely affecting operational efficiencies. The CANIAS
ERP Inventory Management module offers effective
features to minimize warehousing costs and to optimize
storage needs in line with the requirements at hand.
Goods inwards and outwards automatically brought under control
Keeping in mind the end-to-end management features of
CANIAS ERP, the inventory management module offers a
host of advanced warehousing features such as
modification, balancing, transfer, and reverse operations.
Many features including management of multiple storage
centers and locations, specialized inventory management
features (serial numbers, batch tracking, and special
stock), which are part of a diverse capability in inventory
management, are included as standard functionality
within the CANIAS ERP Inventory Management module.
Inventory management within the CANIAS ERP system provides a high degree of flexibility for handling complex
storage needs, and assures continuous update of
warehouse inventory through multiple inventory methods
and different types of auditing. All materials input and
output transactions are fully automated due to the
seamless integration with other associated modules within
the system. This also enables efficient, prompt and
trouble-free inventory transactions within enterprises.
Inventory records from multiple warehouses within the
enterprise can be consolidated and evaluated with respect
to the transaction being executed. All transactions are
identified and documented per responsible personnel. Due
to the integration of the lot ID and serial number
attributes, materials transactions can be flawlessly traced
to their points of origin. These also allow for the handling
of the processes related to determining service warranty,
and tracking of expiration dates.
All transactions can be structured precisely per
requirements with the use of check tables. Check tables help to accurately maintain and designate all
material-related attributes such as warehouse, location,
pricing, packaging, and unit information. As found in other
modules within the system, powerful reporting capabilities
allow easy evaluation of all inventory related information.
The system also facilitates inventory count criteria and
update of stock based on the count results.
Less stock, less costs
Successful inventory management minimizes financial loss
within organizations. Rapid and problem-free dissemination
of inventory information results in increased customer
satisfaction. Production that is geared towards customer
requirements leads to inventory management which is in
line with the needs of enterprises. All of these ideal
scenarios are depicted with a high level of functionality by
using advanced integration among the system's materials
management, planning, procurement and storage
management capabilities.
Know your stock
The high level of integration found within the CANIAS ERP
system provides end-users with the highest level of
visibility into materials transactions within their enterprise,
and assures the accuracy of the data relating to the
inventory within the warehouse.
Inventory management assumes significant importance in a
highly integrated supply chain and the module facilitates
accomplishment of organizational objectives including cost
efficiency and enhanced customer loyalty by rendering
superior visibility and streamlined processes.
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- Multiple warehouse management capability
- Storage location management
- Types of material acceptance:
- Purchase order
- Production order
- Bill of materials
- Contract manufacturing
- Product for service
- Transfer order
- Types of material transfer:
- Production order
- Bill of materials
- Contract manufacturing output
- Product for service
- Transfer order
- Shipping ticket
- Types of transfer:
- Intra-facility
- Intra-warehouse
- Intra-stock location
- Material to material
- For job order
- Associated with purchase order
- Warehouse designation based on cost centers
- Manual or periodic inventory counts, and transfer of results to accounting
- Complex warehouse management
- Lot ID and serial numbers management (manual or using barcode applications)
- Multiple inventory types:
- available
- quality
- reserved
- post-processing
- transfer
- Special inventory types:
- lot
- consignment
- empties
- supply
- individual customer stock
- hired objects etc.
- Management of stock-keeping units
- Management of remaining quantities
- Batch entries
- Quality assurance in goods entry
- Configuration of goods movements
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