erp - stores module
Post on 10-Feb-2017
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Stores Management
A professionally managed Stores has a process and a space within, to receive the incoming materials (Receiving Bay), keep them for as long as they are not required for use (Custody) and then to move them out of stores for use (Issue).
The basic responsibilities of stores are to act as custodian and controlling agent for parts, supplies, and materials, and to provide service to users of those goods.
Stores Functions
Receipt of incoming goods Inspection of all receipts Storage and preservation Identification of all materials stored Materials handling Packaging Issue and dispatch Maintenance of stock records Stores accounting Inventory control Stock-taking
Why ERP ?
Streamlining processes and workflows with a single integrated system. Reduce redundant data entry and processes Improved workflow and efficiency Improved customer satisfaction based on improved on-time delivery, increased quality, shortened
delivery times Reduced inventory costs resulting from better planning, tracking and forecasting of requirements Turn collections faster based on better visibility into accounts and fewer billing and/or delivery
errors Decrease in vendor pricing by taking better advantage of quantity breaks and tracking vendor
performance Track actual costs of activities and perform activity based costing Provide a consolidated picture of sales, inventory and receivables
https://www.youtube.com/watch?v=fQ_l8MiwNDQ
Indent
Based on the requirement from the various Departments
Generally Issue slip is received Check the material in stores If available issue items and update
stock register If not available, indent to Purchase
department for purchase of that item
Receiving of Material
Receiving of material on the basis of Purchase Order, Challan/ Invoice.
Verify Qty. with PO & challan/Invoice and prepare GRN.
If the material need Inspection, Inform QA.
Creating New Stock Item
While creating a new stock item user has to be very careful as organizations need full traceability of each material
“ERP automatically prompts you to enter the important data related to the stock item for the easy traceability of item”
Reorder Point Planning
Organizations generally has lot of items in inventory.
Items can be both perishable and non- perishable
Items with high/Low frequency of use
“It is very important to maintain reorder point for each item, for the smooth functioning of organization”
Material Dispatch
Check Purchase Order and Sales Order
Prepare Packing List and material Gate pass.
“ So we can see for dispatching material stores need a lot of information from various departments which ERP enables easily and swiftly”
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