¶ Overview
The Inventory Module in ERP (Enterprise Resource Planning) is crucial for managing stock, optimizing supply chains, and ensuring smooth business operations. It helps businesses track, manage, and control inventory levels efficiently.
Below are the features of the Inventory Module:
¶ 1. Goods Movement and Tracking
- Goods Received Note: The GRN serves as a record that the goods have been delivered and received, ensuring accountability for both the supplier and the customer.
- Goods Issue: Stock can be issued for sales, production, or consumption.
- Stock Transfer: Stock can be transferred between plants or units.
- Inventory Adjustment: Stock can be adjusted for damaged, lost, or expired items.
- Batch and Serial Number Management: Batch wise or Serial Number wise tracking for the expiry date.
¶ 2. Stock Management
- Real-time Stock Updates (Quantity, Location, Batch)
- Multi-Location Warehouse Handling
- Stock Categorization based on the Material Type.
¶ Masters
The list of masters used for the inventory module transaction is mentioned below.
- Item Master
- Department Master
- Employee Master
- Customer Master
- PTCD
- Warehouse Master
- GST – TCD
- Supplier Master
- Subcontractor Master
¶ Flowchart
