Accurate Inventory Management & Control
Logistics companies, regardless of its size or type always find inventory control and stock management as an extremely complex process. It is not just about arranging your inventory items in your warehouses, stores or workshops. The process starts right from its acquisition. Purchased or transportation components are put into shelves, bins or stock areas. There may be times when inventory levels are high and storage space is low. The ever increasing consumer demand and service-level expectancy have forced logistics companies to store and manage the right amount of inventory in their warehouses and storage areas.
Tracking Inventory in Workshops and Warehouses
Transportation and logistics companies usually deal with a lot of inventory be it in their warehouses, workshops or office stores. An efficient inventory stock management system becomes crucial to their day to day operations. The authorities have to get a real-time picture of the inventory on hand, inventory in transit and inventory in the work process. By having ready access to the inventory levels, the workshop operations can be planned accordingly and the service management can be conducted smoothly.
Adding job cards, raising spare requests against job orders, managing purchase of spares, transfer of stocks between branches and warehouses, stock valuation, etc. are some of the crucial aspects in day to day working of any fleet workshops.
The main motive behind having a systematic method is to avoid theft and bring clarity in quotation, purchase order and purchases. Multiple levels of approval and checking will give the transparency in expenses like purchase
Optimize your Workflow
Optimizing logistics operations should be the key for any management software in this domain. There is a sequence of workflow to purchase an item in Ripples-FMS like: Quotation – Purchase Order – Purchase Entry. In order to proceed to next stage, proper top level approvals are needed. Stock management especially in tyre stock management can be done with the help of barcode and brand number generation. The system provides single click analysis of the stock values of spares and tyres in store and in transit. Easy steps can be provided to manage the returns from trucks and purchase returns to the suppliers. This can be done by adjusting the credit notes against the bills. You can read more about our advantages here.
If you are in look out for implementing accurate Inventory Management & Control in your transportation & logistics operations or are in look out for efficient warehouse inventory management software, do write to us for a free expert advice.