Companies try to optimize their inventory in order to unblock cash flow. Part of the inventory management activities company will analyze to see how much stock to order at what time interval. Managing inventory involves data from purchase to complete sale of finished goods. Main goals of the company involve managing good inventory and inventory turnover.
FactoryPRO’s key functionality of the inventory management involves with the following:
Safety Stock Mgmt
Safety stock and Auto-replenishment are the key enablers for the companies to manage their inventory smoothly with optimum levels. Once the materials have been received, the materials are checked into the Warehouse as the standard flow. Materials are released to production as per the work orders and/or electronic travellers. Periodic inventory audit can be carried out par to the FactoryPRO functionality to ensure the checks and balances are intact.