07-06-2014, 04:13 PM
INVENTORY MANAGEMENT SYSTEM (IMS)
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INTRODUCTION:
Inventory management is primarily about specifying the size and placement of stocked goods. Inventory management involves a retailer seeking to acquire and maintain a proper merchandise assortment while ordering, shipping, handling, and related costs are kept in check. It also involves systems and processes that identify inventory requirements, set targets, provide replenishment techniques, report actual and projected inventory status and handle all functions related to the tracking and management of material.
In modern days, inventory is managed by sophisticated system applications that are designed to manage complex inventory plans and to a large extent contain processes that initiate and streamline the operations and inventory management
INVENTORY MANAGEMENT SYSTEM:-
Inventory Management Systems is an application to track the sales and available inventory. This system communicates with suppliers in near real-time and receive and incorporate other data, such as seasonal demand. System is flexible enough, allowing for a merchant's intuition and shows the owner when it's time to reorder and how much to purchase. This system has following modules:
Inventory Control Management
Contact Management
Accounting Management
Manufacturing Management
Purchase Management
Sales Management
Shipping and Receiving Management
Reports
Inventory Control Management
Real-time inventory tracking is done even between multiple stores/locations
Serial number tracking system.
Barcode printing Module and 2D Barcode Modules are the smart solution-increasing efficiency while lowering costs.
Assigns expiration dates to items during or immediately after receiving items
Easily and effortlessly assigns items Manufacturing lot information at the receipt of goods.
Contact Management
Customer tracking
Customer Transaction Drill Down
Vendor Transaction Drill Down
Assign Payment terms
Define Credit limits
Accounting Management
General Ledger module
Accounts Receivable Module
Accounts Payable module
Banking
Calculates sales commissions due.
Maintain and enforce budgets with ease
Manufacturing Management
Work Order module
Complete servicing management, job costing, revenue recognition and control system.
Purchase Management
Process a new on-the-fly Receipt of Goods
Process a Receipt of Goods from an existing Purchase Order.
Handles the complicated task of tracking landed costing.
View & Report Purchase history.
Generate/Assign Serial Numbers of goods.
Assigns warranty on receipt of goods.
Check Vendor Payment History
Place Purchase Orders on Hold
Maintain Item Quantity on Reserved, Committed, Ordered.
Clone existing Purchase Orders
Easily view all of your Purchase Orders
Purchase Order Status Reports
View your un received Purchase orders by Vendor or Item
Sales Management
Quotation & Quote expiration manager
Management of Sales Orders and/or Invoices
Clone Sales Orders and or Quotes
Combine multiple Sales Orders under one project using the Sales Project Manager
On-Hold Sales Order Manager
Invoice
1. Invoice from an existing Quote
2. Invoice from an existing Sales order
Warranty Tracking
Serial Number Tracking
Shipping and Receiving Management
Packing Slips & Pick Lists
Combine multiple orders from the same Customer in the same shipment
Split shipments
Track/Mark items to shipping containers/packages
Inventory Transfer Shipping Capabilities
Easily status Receipts, Issues and Transfers as Shipped
Track Weight, box qty and shipment cost
Reports
Receiving Report
Inventory Valuation Report
Inventory Activity Summary
History Reports
Custom Reports
Extended Reports
Analytical Reports
Company Statistics
Inventory Turnover Report
Profit and Loss Statement