Inventory Tracking

Maintain a centralized database of inventory items, including descriptions, quantities, locations, and values. Track the movement of inventory items in real-time, from procurement to consumption or disposal.

Stock Control

Set up minimum and maximum stock levels for each inventory item to avoid stockouts or overstocking. Implement automated reorder points to trigger replenishment orders when inventory levels fall below predefined thresholds.

Inventory
Classification

Classify inventory items based on attributes such as type, category, unit of measure, and cost. Group similar items together for easier management and analysis.

Procurement Integration

Integrate with procurement module to automatically update inventory records upon receipt of goods. Link purchase orders, receipts, and invoices to corresponding inventory transactions.

Issue and Return Management

Record and track inventory issues and returns, including reasons for issuance or return. Capture employee or departmental usage for accountability and cost allocation purposes.

Asset
Management

Manage fixed assets such as equipment, furniture, and technology devices within the inventory system. Track asset details, depreciation, maintenance history, and location changes.

Barcode/RFID Tracking

Implement barcode or RFID technology to streamline inventory tracking and reduce manual data entry errors. Scan inventory items during receipt, issuance, and stocktaking processes for accuracy and efficiency.

Reporting and Analytics

Generate reports and analytics on inventory levels, usage patterns, stock turnover rates, and obsolete inventory. Use insights to optimize inventory management processes, reduce carrying costs, and improve resource allocation.