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Stock Management
Inventory tracking, warehouse management, demand forecasting, vendor management, batch/serial number tracking, and reporting for efficient supply chain operations.
By biCanvas
Category
Module Of Infrastructure
Last Update
20/12/2022
Language
English
Terms
View Term & Condition
Description
About Module
This module oversees the comprehensive control and optimization of inventory. It tracks stock levels, manages warehouse operations, forecasts demand, handles vendor relationships for procurement, ensures traceability through batch and serial numbers, and provides robust reporting and analytics for informed decision-making and operational efficiency across the supply chain.
Key Features Of Module
Inventory Tracking
Real-time monitoring of stock levels and locations to optimize inventory control and prevent stockouts or overstocks.
Demand Forecasting
Utilize historical data and trends to predict future demand, ensuring adequate stock levels and minimizing excess inventory costs.
Vendor Management
Maintain relationships with suppliers, track vendor performance, and manage procurement processes to ensure timely stock replenishment and cost-effective sourcing.
Batch and Serial Number Tracking
Traceability of goods using batch and serial numbers to facilitate recalls, warranty tracking, and compliance with regulatory requirements.
Reporting and Analytics
Generate reports on inventory turnover, stock movements, and financial impacts to support informed decision-making and strategic planning.
Warehouse Management
Efficiently manage storage locations, picking, packing, and shipping processes to streamline operations and improve order fulfillment.
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