Accurate Inventory Management & Control
Logistics companies, regardless of its size or type always find inventory control and 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 transit 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 has forced logistics companies to store and manage right amount of inventory in their warehouses and storage areas.
Store inventory management in Workshops and Warehouses
Logistics companies usually deal with 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 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. Logistics ERP solutions like Ripples-FMS will have much more than just inventory management in workshops. Adding job cards, raising spare request against job orders, generating purchase order, 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
How Ripples-FMS helps you attain inventory control and management?
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.
If you are in look out for implementing accurate Inventory Management & Control in your logistics operations or are in look out for efficient warehouse inventory management software, do write to us for a free expert advice.