How to Manage Inventory?
Our product goes beyond mere inventory management; it empowers users to comprehensively monitor and oversee their entire inventory, catering specifically to the nuanced needs of warehouse operations. Whether it concerns the operational aspects of stocking or the strategic management of inventory levels, our system is designed to accommodate.
Key features include the ability to categorize and manage inventory based on lot numbers, a method that aligns seamlessly with varied warehousing stocking strategies. This level of customization ensures that users can organize their inventory in a way that best suits their operational methods, enhancing efficiency and clarity.
Furthermore, our product offers sophisticated tracking capabilities, allowing users to monitor the movement of products by status and manage locked quantities. This ensures that inventory is not only accounted for but also that its flow through the warehouse is transparent and under control.
Figure 4.4(a) Manage Inventory Table
Our Manage Inventory Table is customizable, enabling users to easily adjust display fields to fit their preferences with just a few simple settings. List of parameters for display fields are as below.
String | Length | Type | Source/Remark |
SKU *mandatory | 256 | Alphanumeric & Special | - |
SKU Name | 32 | Alphanumeric & Special | - |
Product Name | 48 | Alphanumeric & Special | - |
Available | - | Dropdown | Category List |
Onhand | - | Dropdown | Currency List |
Pending | 32 | Alphanumeric & Special | Last Name List |
Locked | 10 | Numeric | - |
Custom Field | 128 | Alphanumeric & Special | - |
Company | - | Dropdown | Company List |
Table 4.4(a)
Our product introduces several key features designed to enhance overseeing purposes of inventory management. These features include:
Inventory Lots
The purpose of an inventory lot, also known as a lot number or batch number, is to group a set of items in inventory that were produced, purchased, or received together. This grouping helps in tracking, managing, and controlling inventory for various reasons
Figure 4.4(b) Inventory Lots Table
Lock Inventory
Locking inventory refers to the practice of temporarily restricting the movement or sale of specific items in a company's inventory. This can be done for several reasons, such as to complete specific sales order, warehousing for inventory level, and for outbound fulfillment.
Figure 4.4(c) Lock Inventory Table
Bill Inventory
Bill Inventory is a crucial concept in inventory management, referring to the portion of inventory that comprises orders that have already been fulfilled. Tracking bill inventory is vital for businesses to accurately gauge market demand and consumer purchasing patterns. By analyzing data from fulfilled orders, companies can gain insights into which products are performing well, seasonal trends, customer preferences, and as well for stock replenishment.
Figure 4.4(d) Bill Inventory Table
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