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When it comes to eCommerce, Trading and manufacturing the owners can’t imagine their business without their inventory and to manage inventory is a herculean task in itself. Cloud ERP has made this task a simple one with introduction of Warehouse Management System [WMS] in cloud.
The Inventory Management module of Cloud ERP helps your organization in managing the inventory at various locations, which include locations internal to the organization and external locations such as that of customers & suppliers. The warehouse management module can be easily integrated with other modules like purchase, finance and sales to help employees to know the status of their stocks. The entire module is based on location hierarchy which makes the management of inventory highly efficient and convenient.
Cloud ERP Location Management
If your warehouse has more than one presence it becomes more difficult to handle the inventory. With our location management feature you can manage all internal as well as external locations of your organization with a click – create physical/virtual locations, manage delivery methods and price lists according to each location, categorize them as warehouses, create an entire location hierarchy.
As we explained before that our warehouse management application can easily be integrated with other applications, you can use the product management module to add products and view their stock details in a single click. At any point of time, you may choose to view products at a single location by choosing the location from the location structure. These locations can be linked in order to define paths for movement of products.
Maintaining and tracking inventory is the key feature in warehouse management. Tracking is possible with the help of concepts such as Tracking Lots and Production Lots. While tracking lots allow users to track a set of products, production lots are used to track a set of single product. Products are moved from one place to another several time before they reach their destination and Cloud ERP not only allows users to track (both upstream and downstream) every move of the product, but also provides them with the facility to view transactions of the past or transactions that are planned for future. This helps the top management to forecast and plan for the year.
Set your auto stock replenishment in warehouse management tool to avoid running out of stock at any point of time. Specify minimum and maximum stock levels that will ensure that your stock is automatically procured to keep up with your stock requirement. Purchase orders are generated automatically during such transactions. You can automate the request to your vendors.
Manage all your incoming products, internal moves, outgoing products and delivery orders. Incoming products are ones that are sent by suppliers on raising a purchase order. You also have the flexibility to manage back orders and reception of products by order lines. Internal moves represent movement of products within internal locations (generally warehouse) of your organization. You can define internal movements, create new transactions, approve such transactions for packing and track them till destination.
Outgoing products are orders that are moved from the warehouse to another location (for instance, delivery) on confirmation of sales orders. Delivery orders represent the final movement to the customer. You may choose to move your products to the customer in a single go or choose to do so by moving the product from stock to say, quality and further to the customer after confirmation. Even in this aspect you can integrate it with other applications / modules like sales, purchase and finance.
Your sales staff will be acknowledged about the product availability. The accounts person knows when to order new raw materials and finally the logistic person knows where he has to ship with the exact number of quantity.