Re: Are there apps that can do the following which I can integrate with my store

Are there apps that can do the following which I can integrate with my store

AhmadMraish
Tourist
5 0 1

The inventory control system should manage the process of; purchasing, receiving, costing and delivery.
All these processes should be documented, for example, GRN (Good Received Voucher) for new items purchased, and GDN  (Good Delivery Note) for items delivered. Later we can talk about the documentation that is needed.

The system is to be integrated with the sales, so for any transaction, the inventory will be updated automatically

The system should provide different reports like:
Inventory Item Movement Report
Inventory on hand report (for each store)
Location Inventory Detail Report
Inventory Aging Report
Inventory Cost or valuation report
Shipping/Receiving Reports
Item List Report
Inventory Count Sheet
Inventory Count Variance Reports

Reply 1 (1)

shahrozbabar5
Trailblazer
204 19 23

@AhmadMraish,

For the inventory control system you're developing, it sounds like a robust solution that covers all critical aspects of inventory management. Integrating the system with your sales operations will ensure that inventory levels are updated in real-time, which is crucial for maintaining accuracy and efficiency.

Key Features to Consider:

  1. Purchasing Module:

    • Purchase Orders (POs): Create and manage purchase orders. Automatically update inventory upon receiving items.
    • Vendor Management: Track vendor details, pricing, and performance.
    • Goods Received Voucher (GRN): Document goods received from suppliers. This should automatically adjust the inventory.
  2. Receiving Module:

    • Goods Received Note (GRN): Record the receipt of goods against POs.
    • Quality Check: Allow for quality checks before goods are added to inventory.
    • Stock Adjustments: Manage discrepancies between ordered and received goods.
  3. Costing Module:

    • Cost Allocation: Calculate and assign costs to received goods, including shipping, handling, and other expenses.
    • Inventory Valuation: Methods like FIFO, LIFO, or weighted average can be used for valuation.
  4. Delivery Module:

    • Goods Delivery Note (GDN): Document items delivered to customers, adjusting inventory levels accordingly.
    • Shipping Integration: Integrate with shipping carriers for real-time tracking and updates.

Integration with Sales:

  • Real-Time Updates: Any sales transaction should automatically update inventory levels.
  • Sales Orders: Track sales orders and link them with inventory to ensure stock availability.

Reporting Features:

  1. Inventory Item Movement Report: Track the movement of items in and out of inventory over a specified period.
  2. Inventory on Hand Report (for each store): Display current inventory levels for each location.
  3. Location Inventory Detail Report: Provide detailed information on inventory at each location.
  4. Inventory Aging Report: Analyze how long items have been in stock, helping identify slow-moving or obsolete items.
  5. Inventory Cost or Valuation Report: Show the value of inventory based on the chosen valuation method.
  6. Shipping/Receiving Reports: Summarize items shipped and received within a specific period.
  7. Item List Report: Display a comprehensive list of all inventory items.
  8. Inventory Count Sheet: Used during physical inventory counts to record quantities.
  9. Inventory Count Variance Reports: Compare physical counts with system records to identify discrepancies.

Documentation Requirements:

  • We'll discuss the documentation needs for each module in detail later, ensuring all processes are well-documented and auditable.

This setup should provide you with a comprehensive inventory management system that streamlines operations, improves accuracy, and enhances reporting capabilities.

 

If it resolves your issue, please mark my answer as a solution, or if you want me to fix this, contact me here.

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