Inventory Management Software Module
" If you count all your assets, you always show a profit. "
Inventory management is always a tricky and demanding task for any organization, whether big or small. But this challenge is already resolved by TheERPHub. From this moment, you can relax and focus on customer service while forgetting about messy stock, because our inventory module in ERP keeps everything organized in the most efficient way. This highly detailed and extensive system can be used by any type of organization to manage current stock levels and reduce the risk of overstocking or shortages. Stop wasting time on manual stock control; your attention should stay on growing the business. We offer the best inventory management software in India, designed to manage warehouses smoothly and improve overall operations with reliable inventory management software solutions.
ERP Inventory Management Software Solutions
ERP Inventory Management Software Module
Because every organization follows its own method of handling stock and inventories, our inventory management ERP software offers flexible ways to organize materials. This makes it suitable for different industries and aligns well with any organizational management structure.
Batch Number/Expiry Date
It includes the name of the company from which the inquiry or stock was received. This feature helps maintain accurate trackability.
Sub categorize
You can subcategorize products by their features or by weight. This helps improve material classification and overall stock visibility.
Sales and Stock Unit
You can maintain separate sales and stock units based on your business process.
Unit Conversion
Unit conversion is one of the key features, allowing you to manage and sell products in different units while maintaining a consistent base unit in your inventory.
Minimum/Re-Order/Maximum
You can set minimum, reorder, and maximum levels for each material. This ensures better stock planning and prevents shortages or overstocking.
Features
These are only a few of the key features, but there are many other fine points available that make the module suitable for your business workflow and organizational structure.
Integrated
The inventory management system can be integrated with many modules so you can manage stock as per your company’s requirements. For example, in the Sales module, inventory updates happen through delivery challans and invoices. In the Purchase module, they are processed through GRN, QC and purchase invoices. In the Production module, stock movements flow through Material Issue, Material Return, Material Produced, Material Job Outward, and Material Job Inward. This level of integration ensures accurate and real-time data across your ERP inventory management system.
Configurable
Depending on your organization’s requirements, inventory settings can be configured before starting any ERP voucher entries.
Attribute-Based Inventory Management Software
Here, stocks of a particular product can be managed according to its attributes or specifications. A single item may have multiple attributes, and manufacturers often need precise tracking for each variation. For example, in a manufacturing company, plates can be categorized by attributes such as length, width, thickness, and MOC.
Now, Plate Thickness can be from 1 mm to 200 mm, Width can be 500 mm to 3000 mm, Length 500 mm to 15000 mm, and MOC can be IS 2062 Gr.E250BR, IS 2062 Gr.E250B0, IS 2062 Gr.A, IS 2062 Gr.B, SA 516 Gr.60, etc. So if one attribute value changes, its stock changes and we cannot create a combination of Materials in ERP; otherwise, plates can have more than 15000 material codes, which is not right, but at the same time, we need stock differently as per the attribute. TheERPHub Attribute Management System removes this complexity and you need to just create 4 attributes and their values using dynamic entry. Assign this list of parameters to Material Group and you are set to go.
Advantages
Inventory management is the soul of any business and mismanagement in this part always creates big losses. So no companies suffer this kind of loss and can achieve their targets/goals & can run smoothly. This system can be employed in the production, trading and service industries. Therefore, the inventory management system is one of the most important systems that can be integrated within any field of business to improve productivity and more efficient results. Here are a few more key benefits mentioned to give you an idea about this module.
Widgets and Reports
This tool moves the approval process forward by powerful approval routing. Configure Multiple or Single Approvals as per the need for Purchase Order, GRNs, or Purchase Invoices and once approved by all approvers, the system will move forward.
Anytime Anywhere Access
To make the system easy to use, a mobile application for the module is also available, which provides you access anytime and anywhere. With the mobile application, even the stocks could be managed using QR codes. It also helps in tracking orders, sales, purchases and deliveries.
Graphical Representation
Different kinds of reports with Graphical representation are also present.
Extra Info
We created an extra feature for the large, substantial products: For this type of product, usually stocks are not maintained, but its information is provided to the customer. For example, If you have a generator, all the details, such as its model no., KVA, RPM, Manufacturing Date etc. would be there in the delivery challan and in the sales invoice, but there would be no stock affected based on this information. Thus, we added an option called "Extra info," where you can allow extra information of the material along with the product without doing any extra effort, which can be predefined or writable.
" If you count all your assets, you always show a profit. "
