Date post: | 20-Jan-2015 |
Category: |
Technology |
Upload: | yennes-infotec-p-limited |
View: | 818 times |
Download: | 3 times |
T A L L Y. E R P 9' s
I N V E N T O R Y Avatar
Apart from Accounting purposes,
Tally ERP 9 is also used as an
Inventory management software.
Inventory management is all about knowing the status of
goods/stock at a given point in time. It is also a way of
managing all the products that are in stock - optimizing the
overall quality, flexibility, speed, cost and ensuring that the
flow of goods is uninterrupted and fluid. This is very important
because of the vast amount of data at hand that needs to be
tracked and verified.
ANSWERS !
It is therefore important to know a few things that the
Inventory management software keeps track of, as well as
provides answers to when required, which include:
The amount of stock in the warehouse
The ordering of fresh supplies
The quantity ordered, including, what was ordered, how
much & when
Storage of stocks
The quantity of fresh stock received, when, how much and
from whom.
POSITIVE OUTCOME
Tally can streamline all of the above and give a bird’s eye-
view of the status of goods.
Some of the positive outcomes include:
Improving customer relations
Cost control during purchase
Cost control during production
Cost control for unwanted transportation
Keep track of unpredictable flow and ebb in demand and
supply
Tally ERP 9 is equipped with an Inventory capability that
makes dealing with goods of any kind, an absolute breeze.
These capabilities have been developed to cater to every
individual involved in the supply chain. The inventory
transactions are comprehensively recorded using goods
receipt notes, delivery notes, stock journals and
manufacturing journals.
INVENTORY ?
The term Inventory, can include a host of things:
Raw materials
Products that are work in progress
Purchased supplies and parts
Tools and equipment
Items in transit
FEATURES
The features of the Inventory management software are
manifold, and can be tailored to suit any kind of requirement
that can come up during a stock cycle.
Some important features include:
Groups/Categories of Stock
Stock items can be grouped and categorized effectively
depending on various parameters. Different inventory reports
can be made and overseen, to provide a complete picture.
Multi UoM Support
UoMs can be created which are user-friendly and they can be
viewed in the Multiple UoM support.
Inventory tracking across multiple warehouses
Multiple location/warehouse/bins folders can be created for
storing items and updates, thus allowing for a quick and
simple stock tracking.
Ageing Analysis
A stock ageing report can be created which gives the detailed
time-frame of goods lying unused in the warehouse. This
gives an idea of goods that remain and can be liquidated
accordingly.
Re-order Report
A Re-order report for every stock item when created, gives
complete details of minimum order quantity, the balance,
shortfall and next quantity to be ordered, helping maintain an
optimum level of stocks at all times.
Costing and Real time integration
The Tally Inventory management software's main feature
probably is the complete integration with all the functions in
real-time, saving on time spent and also on the cost.
Therefore, passing a purchase/ delivery challan, will update
the stock report immediately. The valuation of stocks is also
done automatically.
Besides this, a host of other features include
average cost valuation
last purchase cost
monthly average cost
FIFO
FIFO perpetual
LIFO annual
LIFO perpetual and
standard cost
also ensures better viewing of stock reports.
WELL IN ADVANCE
The reporting capabilities of the Inventory management
software will help you be on top of the inventory status at any
point in time. The tool will keep you prepared, and ready with
what is required, well in advance.
EXAMPLE
If a sudden delivery order for T-shirt’s of a particular size
comes up, you will not have to rummage the length & breadth
of your warehouse or make frantic calls to other branches or
even postpone the delivery if you are falling short, because
Tally ERP 9 can save all this trouble and give you the entire
picture in a matter of minutes. The
Inventory management software will keep you prepared, and
ready with what is required, well in advance.
All of this can help you streamline the process for future use,
create new and improved purchasing policies, pricing
methods, sales policies, and will overall enhance customer
service.
Tally ERP 9 can save all this trouble and give you the entire
picture in a matter of minutes. The
Inventory management software will keep you prepared, and
ready with what is required, well in advance.
All of this can help you streamline the process for future use,
create new and improved purchasing policies, pricing
methods, sales policies, and will overall enhance customer
service.
SPECIAL FEATURES
To achieve inventory streamline as described above,
Tally ERP 9 packs a set of features that include:
Stock Summary display
Stock Items display
Group Summary display
Stock Category Summary
Location / Godown Summary
Stock Query
Movement Analysis
Batch Vouchers & Batch Summary Reports
Stock Ageing Analysis
Purchase Bills Pending
Purchase Order Outstanding
Reorder Status
Stock Transfers Register
Physical Stock Register
Sales Bills Pending
Stock Cost Estimation
Sales Order Book
Sales Order Outstanding
Purchase Order Book
Statistics of Inventory Masters
Inventory management capabilities are just one aspect of
Tally ERP 9 and they help in simplifying the overall work
process. There are many other attributes of the software that
when learnt, can make the entire business work-flow easy
and smooth.