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Inventory and Warehouse Management Our Software

Warehouse and inventory management are often seen as interchangeable practices. There are however, subtle differences in the complexity of the two management systems. Inventory management deals with physical stock keeping units, while warehouse management looks after entire storage systems within the warehouse structure.The most significant difference between the two systems is the human factor. While inventory management focuses only on product or stock, warehouse management involves managing employees and shipping or freight personnel operating in the warehouse environment. Warehouse processes cover the internal movements and storage of materials within warehouses. Workplace health and safety practices are vital to these operations requiring employees skilled in the operation of machinery used to stack and store inventory, such as hydraulic trolley jacks or forklift trucks.

Inventory Management

Inventory can account for a substantial portion of a company’s assets. Management of inventory is an essential function that coordinates and controls the flow of goods required for a business to operate. Whether they are products purchased for resale, the components a manufacturer uses for its work-in-progress or finished goods it sells.Inventory management includes the ordering and reordering of stock, maintaining accurate inventory records, forecasting demand and ensuring sufficient safety stock is available for production or supply.


An efficient inventory management system records and tracks goods on a quantity and value basis. Documenting and reporting on the inwards/outwards transfer of goods through the supply chain. In a nutshell, inventory management deals with the amount and cost of the stock. Although fundamental, an inventory management system is just one part of warehouse management, therefore, it is much simpler. It provides important details of the total amount of stock held in a specific storage location at a given point in time.


Warehouse Management

In contrast, warehouses are considerably broader in scope than that of inventory management. The aim of effective management is to efficiently control the movement of materials within the warehouse operations. These operations include the receipting of inwards goods, tracking, stacking and stock movement through the warehouse. Warehouse management is also responsible for ensuring shelving or pallet racking is in place to secure the stock, maintaining the quality of goods while in storage and until they are shipped out of the warehouse.


In addition, warehousing undertakes the task of securing hazardous materials and removing or disposing of any damaged goods.


Features

INFOQUID is a powerful inventory management software to maximize your profits. INFOQUID improves efficiency, gain visibility into your stock and automate your hardest jobs.


• Bulk product imports - Migrate products from other systems or from online store by importing an excel file

• Barcodes and labels - Import existing item barcodes or print new ones. Effortlessly add products to sales, purchase orders, stock-takes or supplier returns with a USB or Bluetooth barcode scanner.

• Product organization - Categorize your products by name, type, brand, supplier, supplier code, SKU, handle, and tag, to easily build custom reports, perform inventory counts or coordinate your online store collections.

• Clone products - Clone Products quickly with the click of a button and make minor changes before saving as a new product. This will considerably cut down time in adding new similar products.

• Discounts - Running exclusive promotions? Using our inventory management software, you can easily apply discounts across every channel or target them on an individual basis.

• Taxes - Easily handle taxes for outlets in different cities, counties or states. Customize your tax rates by outlet, or for individual products.

• Wholesale operations - Simplify the wholesale facet of your retail business. Track, manage and record wholesale stock and sales

• Store & distribute goods smarter. Transform your storage & distribution system into a competitive advantage with INFOQUID ERP.

• Check stock level, manage inter-warehouse transfer, and generate reports for specific warehouses within seconds. Warehouse inventory management, at your fingertips.

• System gives advanced Stock Enquiry options for both centralised & Branch-wise Stock.

• Stock Transfer functionalities (Inter-Branch Transfer).

• Knowing exactly what you have and where it’s located is critical to managing stock, avoiding high carrying cost and shipping orders to customers efficiently and on time. System allows storage in Zone & Bin allocations for Inventory.

• Solution provides help to decrease dead stock. The software tracks sales patterns and inventory movements throughout their whole lifecycle. t can help analyse historical data and support forecasting and inventory purchases. This means you can make smarter, more informed decisions on how much stock to buy. When you buy smarter amounts, you avoid the risk of dead stock being left on your shelves.

• Lots of fast-moving consumer goods (FMCG) are perishable or have expiration dates that need to be managed properly. For instance, when food spoils, there is a huge loss in investment and potential profits. System can help track the expiration of your inventory items. This means it can alert you when certain goods need to get off your inventory shelves and into the hands of your consumers.

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