Inventory is just an itemized catalog or list of goods or property. Inventory provides the value of materials or goods held by an organization.Inventories are used basically to keep track of the goods brought in to the business and sold out of the business. In turn, the business owner would be able to analyze the profit, loss,demand to supply fulfillment of the various items his or her business deals with. An Inventory System is a repository of all the product related information that is used in Supermarkets, Restaurants and so on. It also keeps information about the Suppliers as in the providers of the goods.
The Inventory System performed all the below listed functions making it easier for the business owner to keep track of the goods he bought from various manufacturers or suppliers and also sold from the different outlets.
Inventory is just an itemized catalog or list of goods or property. Inventory provides the value of materials or goods held by an organization. Inventories are used basically to keep track of the goods brought in to the business and sold out of the business. In turn, the business owner would be able to analyze the profit, loss, demand to supply fulfillment of the various items his or her business deals with. An Inventory System is a repository of all the product related information that is used in Supermarkets, Restaurants and so on. It also keeps information about the Suppliers as in the providers of the goods.
To satisfy the retail market customers and to meet the market strategy, retail holders need to implement a proper system which can handle the stock movement based on sales and report the same to management.
The purpose of this report is to show the stock status of Shelf, Branch and Warehouse in a single click. This report is based on the Sales of the outlet or Branch on a particular day.
This option was an old method and is possible to implement in Pharmacies and other Departments.Since the retail trends are based on seasons and festivals you cannot stick to the fixed order levels.
This Report is called as Smart Report for Re-ordering Analysis. It converts the data from the basic criteria such as
This is a new additional module for Smart Inventory application. This option can be used for industries which handle large scale production & distribution or the divisions which are having Bakery production and in house productions.The concept of production module is to link the raw materials and finish goods with additional cost.The costing and raw materials are entered in Bill Of Quantity module.The manual process of production will be converted into a systematic process in the production module.
Product Master is used for creating Raw Material entries with raw material stock type and this can be same as regular item.
Product Master is used for creating finished Goods as regular item type.
Product Master bill of quantity option is used for raw material entries of all the production items.In addition to this labor cost, utility expenses and so on can be added here.
Generally, when an expiry associated product is sold in retail market, keeping track of the stock along with its expiry date is a strenuous task. This feature makes handling such products easy and organized. We have taken Batch & Expiry to the next level, wherein we are printing the Expiry along with the barcode of the product ; so that during the sales through POS, the system will be able to identify the batch of the product. Identifying an Expiry product batch in retail has been a problem for long and the solution we are providing below will enhance and make the Batch and Expiry Stock Management in Retail Industry a smooth cake walk. This feature is implemented in the entire module from Top to Bottom, which includes
Bulk price change is an add-on option in the Smart Inventory application. This is useful for the user to modify the prices of multiple price groups and multiple items in one shot.Price change option includes following data filters for listing the required items :-
This will allow the user to select specific departments.
This will allow user to select the specific Brand.
This will allow user to select the specific Supplier.
This will allow user to select the specific Category.
This will allow user to select the specific Family code.
This will allow user to select Price range - From and To
Retail Information Technology RIT is a dedicated point of sale (POS) consulting company and has implemented number of large POS solutions to well known retailers in the region.
