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Inventory Management

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Inventory Management

Saitec Inventory management software helps tracking inventory levels, orders, sales and deliveries. It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Inventory management software is necessary to avoid product overstock and outages. It is a tool for organizing inventory data replacing the earlier used hard-copy form.

SAITEC inventory management software helps reduce carrying costs. The software is used to track products and parts as they are transported from a vendor to a warehouse, between warehouses, and finally to a retail location or directly to a customer.

Inventory management software is used for a variety of purposes, including:

  • Maintaining a balance between too much and too little inventory.
  • Tracking inventory as it is transported between locations.
  • Receiving items into a warehouse or other location.
  • Picking, packing and shipping items from a warehouse.
  • Keeping track of product sales and inventory levels.
  • Cutting down on product obsolescence and spoilage.
  • Avoiding missing out on sales due to out-of- stock situations.

INVENTORY MANAGEMENT SYSTEM FEATURES

USER SELECTABLE STOCK ISSUE METHOD FROM ANY OF THE FOLLOWING

  • First in first out
  • Last in first out
  • Average rate
  • Standard rate
  • Weighted average

OPERATIONS BASED ON ACCOUNT NAME

  • Eliminates the need to remember or look up any code list

ON-LINE SYSTEM

  • The effect of each entry on the respective accounts is done spontaneously, thereby giving you
    any information updated to the last minute (including evaluation)

UNLIMITED ITEMS

  • Only limit is the hard disk space you have

UNLIMITED NUMBER OF FINANCIAL YEARS SIMULTANIOUSLY

  • Provision for working on multiple financial years has been provided to enable you to work for
    any previous or new financial year simultaneously. To change to any financial year the only
    condition is that the data files for that financial year should exist on the disk

CLOSING BALANCES TRANSFERED TO NEXT FINANCIAL YEAR

  • This process can be executed as and when any changes in the vouchers of the previous
    financial year are made, providing an open hand to the user to make amendments before
    finalization

UNLIMITED DEFINABLE PARAMETERS LIKE

  • ITEM CATEGORIES
  • ORDER TYPES used for inward & outward stock movement
  • WAREHOUSES one software manages all warehouses at a single installation

MULTI WAREHOUSE

  • Records stocks at any of the warehouses of the company, thereby giving the advantage of
    instant information of stocks at all locations for easy decision making

UNLIMITED NUMBER OF COMPANIES (OPTIONAL)

  • Any number of companies can be operated from the same program at an additional nominal
    one-time fee for the company

OPERATIONAL SECURITY

  • Any user can be restricted to the extent of

– USE THE OPTION
– ADD DATA
– MODIFY EXISTING DATA
– DELETE DATA

  • All or in combination of the above. If however, the usage right is not given to a user, the user
    cannot enter the option, bringing into effect all the above restrictions.

RE-CREATION OF ITEM LEDGERS

  • In case of any discrepancy (possibly due to frequent power failures, file corruption etc.,),
    the complete ledger can be re-written at the press of a key

RECORDS & LINKS ALL INWARD & OUTWARD STOCK CHALANS WITH THEIR PACKING LIST, PURCHASE ORDER & PRODUCTION ORDER DETAILS

  • Also records any wastage &/or shortage allowable for the item and checks if packing list total tallies with the challan entered

OPENING STOCK WITH PARTIES

  • Keeps a track of the stock with the parties at the year beginning for easy accountability and
    recovery

CHECK & PASS BILLS

  • Allows you to assign challans to the bills received to ensure accurate & timely updating in
    accounts with a check for duplicate bills

IN-BUILT CALCULATOR

  • At any time during the operation of the SYSTEM, if you feel the need to do calculations to
    arrive at a figure, a simple calculator will pop-up for your help at the press of a key

PURCHASE ORDER RECORDING & PRINTING

  • Prints & records all purchase orders raised for stocks to parties and keeps a track of the supply status

COMMON ENTRY FORMAT FOR ALL VOUCHERS

  • Helps in fast and easy data entry as the voucher format for all types of voucher are the same

BUYER ORDER RECORDING

  • Records buyer orders and links them to stocks which have specifically been purchased for the
    purpose and also helps determine the extent of progress in production

CURRENTELY AVALIABLE REPORTS (PERIODIC & YEARLY)

  • All the reports are printable on the printer or the screen

CHECK LIST

  • Prints a list of transactions that have been done during the day which helps in counter checking the stock status as also rectify mistakes that may have gone unnoticed

PURCHASE ORDER STATUS

  • Prints the status of supply against the purchase orders issued to parties for supply of material

PARTY STOCK LEDGERS

  • Prints ledger for stocks issued to or received from the parties

PARTY STOCK FLOW

  • Maintains and prints a record of material given to each party for processing based on the original material that was issued for the purpose

PARTY STOCK FLOW

  • Maintains and prints a record of material given to each party for processing based on the original material that was issued for the purpose

PRICED (ITEM) STOCK LEDGER

  • Prints the status of each item that has been issued for processing to various parties

STOCK STATMENT

  • Gives an at a glance status of total material issued, received and on hand

PARTY WISE SUMMARY

  • Prints an at a glance status of material transacted form parties in any of the selected categories, also helps to avoid excess dependency of any one party

ITEM WISE SUMMARY

  • Prints an at a glance status of material transacted from parties, also helps in selecting parties to
    whom further orders for the material can be places

PENDING CHALLANS

  • Prints a list of all material against which bills have not been received or are yet pending approval from the concerned authority , also helps in determining the approximate value payable in the near future

F.S.N ANALYSIS

  • Prints a fast, slow & non-moving items analysis, this helps in determining the dead stock in the warehouses which can be considered for disposal

PROVISIONS

  • Prints a report informing of the amount payable to the parties for items received against which bill have been registered
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