System Inventory Module
Common in ERP, POS,
OR
standalone inventory management systems
Product & Item Management Stock Tracking & Control Warehouse & Location Management Purchase & Supplier Integration Sales & Order Integration Stock Movement History Stock Valuation & Costing Reporting & Analytics Integration & Automation
1. Product & Item Management
- Create, edit, and categorize products.
- Manage SKU codes, barcodes, and product descriptions
- Track units of measure (piece, box, kg, etc.).
2. Stock Tracking & Control
- Real-time stock level monitoring.
- Batch/lot tracking and serial number management.
- Minimum & maximum stock alerts.
3. Warehouse & Location Management
- Multi-warehouse support.
- Bin/rack location tracking.
- Inter-warehouse transfer capability.
4. Purchase & Supplier Integration
- Supplier database management.
- Purchase order creation and tracking.
- Automatic stock updates upon goods receipt.
5. Sales & Order Integration
- Sync stock with sales orders and invoices.
- Reserve stock for pending orders.
- Real-time deduction of stock on sales.
6. Stock Movement History
- Record inward, outward, and transfer movements.
- Audit trail for inventory changes.
- Return handling (sales return, purchase return).
7. Stock Valuation & Costing
- Support for costing methods (FIFO, LIFO, Weighted Average).
- Real-time inventory valuation reports.
8. Reporting & Analytics
- Stock aging report.
- Fast-moving & slow-moving product reports.
- Inventory turnover ratio.
9. Integration & Automation
- Integration with POS, e-commerce, and ERP systems.
- Auto-replenishment based on reorder levels
- API support for third-party apps.