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
How are the different types of indents managed and searched on the Indent Management page?
The Indent Management page is designed to handle various types of indents, and it provides convenient search options. Let's explore how the different indents are managed and searched:
What are the types of indents that are reflected on the Indent Management page?
The Indent Management page displays four types of indents - Partial, Processed, Closed, and Cancelled. These categories represent the current status of each indent request.
How can users search for previous indents on the Indent Management page?
Users can search for previous indents using multiple criteria. They have the option to: 1. Click on the indent status to view all indents of a specific status, such as Partial, Processed, Closed, or Cancelled. 2. Sort the indents based on the created date, indent number, cost centre name, or indent status to quickly find the relevant information. By utilizing these search options, users can efficiently track and manage all indents on the Indent Management page based on their status and other relevant parameters.
How do users initiate an indent and generate a purchase requisition?
To initiate an indent, users need to follow these steps: 1. Select the desired date for the indent, which can even be a previous date if required. 2. Choose the relevant Cost Centre or kitchen for which the item needs to be issued. 3. Search for the item by selecting it from the list of items available in the INV item master. Only items that are configured as non-stackable will appear in the list. 4. After selecting the item, the available quantity of the item in the main store will be displayed. 5. Enter the required quantity of the item that needs to be issued from the main store. 6. Select the required date for the item issuance. 7. Save the indent with all the necessary details.
How can users generate a purchase requisition against an indent?
If the required item is not available in the main store, users have the option to generate a purchase requisition against the same indent. They can do this by following these steps: 1. Identify the item that is not available in the main store. 2. Initiate a purchase requisition for that specific item. 3. Provide all the relevant details for the purchase requisition, such as quantity required, delivery date, and any specific instructions. 4. Save the purchase requisition. After completing these steps, the purchase requisition will be linked to the original indent, ensuring that the item is procured and made available as per the requirements.
Can users print the indent document for their records?
Yes, users can print the indent document for their records. They can click on the "Print" button to generate a hard copy of the indent, including all the details related to the issued items and purchase requisitions.
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