| Key Business benefits |
| Accurate recording of all inventory transactions lead to better inventory management and increases service levels by preventing lost sales opportunities. |
| PDT [handheld barcode scanner with memory] based stock audit automatically generates stock discrepancy report based on computer and physical stock, analysis for discrepancy, etc. This makes daily stock taking easier and enables accurate measure of pilferage.
Price protection reports. |
| Comprehensive tracking on same product purchased from different vendors with different purchase cost and same MRP but different sales price leads to efficient price management. |
| Flexible price level management leads to efficiency in purchase order given to supplier. The supplier who is supplying product at best cost is assigned order. |
| Purchase reference can be embedded in barcode which helps in tracking the inventory item to the purchase invoice in which it is received. |
| Powerful policy based re-order module helps in improving inventory turnaround cycle management. Work in progress capital is fully utilized. Reorder can be made based on past n number of days of sales history, week, month, purchase scheme, order based on minimum maximum stock level, minimum maximum days, price protection needs, etc. |
| Key Funtional benefits |
| Easy and convenient form of opening stock entry. |
| Flexible and comprehensive inventory classification to suit your business needs. Such inventory classification can be specific to each department. |
| Maintains different stock states (uninitialized, unaudited and audited) to manage inventory better. |
| Parent / Child items supported for example loose sales from bulk packages or pack. |
| Provisions to repack bulk items into smaller unit packages and sell. It can be any unit of measurement. |
| Tracking of inventory based on location, rack, shelf, bin, etc. |
| Simple and easy opening stock entry reduce the time required for stock entry. |
| Support for Multi-company, Multi-division and Multi-location. |
| Barcode scanning supported in most of the transaction screens. |
| Facility to maintain manufacturer / Supplier product code and my product code. |
| Full tracking on Wastage / Damaged items. |
| Picking list generation. |
| Support for complete gift voucher life cycle tracking from gift voucher creation, sale, redemption and lost gift voucher handling. |
| Comprehensive Item Manager to manage item stocks, rates, items, etc. It can merge items that are mistakenly created twice. |
| Support for vendor managed and co-managed inventory. |
| Inventory can be transferred to other location just by click of a button. |
| Physical stock verification based on category, department, manufacturer, rack, shelf, bin, Batch and expiry. |
| Stock outflow method supported LIFO, FIFO,Expiry Sales Price , Expiry MRP and Sale price. |
| Stock Ledger gives the comprehensive details on the items complete flow within the product. |
| Item search engine to search the item stock details and sold item details As this search engine provides batch wise current stock details for a given item, it would be helpful while placing the order. |
| Complete Expiry management system. Expiry can be received on daily, weekly or monthly basis that can be adjusted in next bill or new product can be received as replacement or credit note can be raised |
| Material issue / receipt management |
| Manage multiple selling price of same products. Change selling as and when selling price update happens |
| Kit and Assembly type of product management helps to track inventory for products based on recipe |
| Item transaction history to track complete item life cycle flow
|
Disclaimer:
Availability of a feature depends on the edition of product and the retail segment / vertical for which the product is bought. So, please check the FAB document for specific retail segment and edition for feature availability. |
