Our stock management software improves inventory control, reduces costs, and enhances efficiency.
Access our stock management features on mobile devices, allowing for item receipt and item issue make it more flexible for field usage
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Stock Movement Management
Manage stock movements efficiently, including receiving new stock, transferring items between locations, and tracking stock adjustments.
Stock Alerts and Notifications
Set up alerts and notifications to monitor low stock levels, expiry dates, or reordering thresholds, ensuring timely replenishment and preventing stockouts.
Stock Valuation
Calculate the value of your stock based on various valuation methods, such as FIFO (First-In-First-Out) or weighted average, gives insights into the financial status of your inventory.
Our stock management software can contribute to 15% revenue improvement
Avoid Stockouts
By accurately tracking stock levels and implementing automated reorder points, a stock management software helps prevent stockouts. Having sufficient stock on hand ensures that you can fulfill customer orders promptly, increasing customer satisfaction and reducing the risk of lost sales.
Minimize Overstocking
Overstocking ties up valuable resources and increases the risk of obsolescence. With accurate stock tracking and demand forecasting capabilities, a stock management software helps you avoid excessive stock accumulation. This enables you to allocate your financial resources more effectively and minimize storage costs.
Minimize Stock Loss and Shrinkage
Our robust stock management software helps identify discrepancies between physical stock counts and recorded stock levels, reducing the risk of stock loss or shrinkage due to theft, misplacement, or administrative errors. By minimizing stock loss, you protect your revenue and maintain accurate financial records.
Data-Driven Decision Making
Comprehensive reporting and analytics provided by stock management software offer valuable insights into stock performance, trends, and financial metrics. Leveraging this data enables you to make informed decisions about pricing, promotions, purchasing, and inventory optimization, ultimately improving revenue generation.
Integrated stock management software with costing and PMS
Inventory Control
The integration allows you to manage and track hotel inventory, such as linens, toiletries, food and beverage supplies, and other consumables. Real-time visibility into stock levels helps prevent stockouts, optimize reordering, and reduce wastage.
Purchase Order Integration
Linking stock management with the hotel PMS enables automatic creation of purchase orders based on inventory levels and guest reservations. This integration ensures that stock is replenished in a timely manner to meet guest demands.
Inventory Cost Calculation
By linking costing with stock management, you can accurately calculate the cost of goods sold (COGS) for each inventory item. This integration allows for better control over food and beverage costs, as well as other consumables.
FAQs
Can I receive items against a Purchase Order in the system?
Can items be received without creating a Purchase Order (PO)?
Can items be issued without using an indent number? How does the process work on the item issue page?
How are adjustment entries used to manage inventory when items are expired or discrepancies occur in stock quantities?
Integrated stock management software with hotel PMS improves inventory control, cost calculation, and guest satisfaction.
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