Posted by Sudhir Kumar Ojha | Last Updated: 10-Dec-17
A warehouse is a commercial or individual space of a building for storage of goods, which is used to store products newly manufactured in an organization. Warehouses are used by the manufacturer, importer, exporter, wholesaler, transport businesses, custom, etc. to store their products in safe place something called warehouse.Warehouse module in ERP module is most widely used to track the quality control, tracking losses, timing order purchase, and order filling.Through the help of warehouse, we can transfer the inventory from one place to another or one warehouse location to other warehouse location and keep the track of all update.
mangeinventory automatically, this will help you to reduce handling cost and optimize cash flow.Inventory pieces can have different values depending on when you ordered them, so your labeling and tracking should tell you exactly how much you paid for each unit. Then you can show the exact expense of any loss. Use this value when you are calculating your net income. Your inventory losses count as an expense of doing business.
There are following capabilities adopted by inventory in warehouse module of
* Cycle Counting: It majorly depends on how tracking management system is.you need to check on the regular basis for inventory level of items.Keeping regular track of an item will reduce required stock for that particular item.
* Traceability: Inventory management system allows you to trace the records of items having in your warehouse. Traceability also enables you to race items via serial number, tracing using inventory lot number and many more.The key features of traceability are as follows:
* Warehousing: Warehouse offers a unique capability to comes to track inventory in different locations .it will create a hierarchy of sub-locations
,theselocations can be broken in bins and stored anywhere where bins are defined.The key features of warehousing are as follows:
The Main advantage of inventory in ERP Application is as follows:
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