Inventory Module (IM)
The Inventory Module is feature rich, allowing detailed information on inventory items. For example, multiple photos and specifications of inventory items can be recorded.
Tight inventory control is important to ensure businesses do not lose money unnecessarily.
Huge ERP updates the actual cost of the item received against supplier, which means the system always displays a current cost price. All stock movements are tracked for work in progress, reserved stock and in transit stock.
Inventory Module (IM) Features
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IM Features |
Description |
Benefit |
|
Inventory Module |
Control all inventory from Stock, Custom (consumables), Service and Fixed Assets |
Full stock control ensures no stock losses Increased profitability |
|
Stock Items |
ONE stock item can have multiple suppliers with multiple cost prices and related supplier item codes. |
Allows for smarter purchasing of stock and tighter stock control. |
|
Inventory setup |
When setting up a stock item, photographs, specifications and documentation can be attached.
Specials can be implemented on the system via an expiry date. When expired, Huge ERP will automatically revert back to the original pricing. |
· Ensures clear stock identification where products may have similar features.
· By reverting to the original pricing, the system ensures no unnecessary loss of revenue. |
|
Stock Requests |
Stock can be requested on the system and indicate a specific delivery date.
All stock requests can be authorised and pulled into a purchase order. |
· Stock requests lead to Just-in- Time stock ordering and delivery saving time and money.
· No re-capturing of data required. |
|
Stock Level Adjustments |
In this area we allow a user to import stock levels from CSV files. |
Allows users to work in Excel if required and then import data into Huge ERP.
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Stock Takes |
Stock takes can be performed by product group or by warehouse.
In addition, once a stock take begins, the system freezes all stock in the product group or warehouse. |
This means Huge ERP will not allow for Invoices or Goods Received Vouchers to be processed until the stock take is complete ensuring stock accuracy. |
|
Group Codes |
Users can create group codes.
Huge ERP also allows for advanced general ledger links for groups of items. |
· Group Codes facilitate quick sorting for stock take purposes. · Gives the user advanced reporting features in general ledger as sales can be split into groups. |
|
Supplier Price Lists |
When receiving price lists from suppliers in an Excel format, users can import the price list via CSV files.
From the supplier price list, Huge ERP will update supplier cost price for relevant supplier. |
· Importing the supplier price list saves time re-capturing pricing. · Automatic updates of price changes ensure correct system pricing. · Each purchase invoice updates supplier costs automatically on processing |
|
Price Enquiry |
A quick reference to price, stock availability and serial numbers of items on the system price list. Via the security features, different levels of users can be granted access to amend or see more information on each stock item. |
· The price enquiry feature saves time · A one screen for critical stock information |
|
Inventory Analysis |
Within inventory analysis all movement of stock and cost pricing can be recorded. |
Up to the minute analysis of inventory. |
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