For any manufacturing company, managing inventory smartly is critical to the company's success. You need to know what you have in stock, where it is, where it's going, and how much it's worth. And in today's connected world, you also want to be able to track your inventory as it moves between suppliers, customers, production and distribution to ensure that your data is always accurate and up to date.
abas ERP software does this and more with powerful stocktaking management tools. Make confident, well-informed decisions with accurate data and full control over your stock levels.
Inventory management tools help you to strategically map and manage your company's warehouse structures and physical stock. Maintain manageable warehouse hierarchies and easily track your raw materials, finished products, subcontracting materials, spare parts, and auxiliary and operational materials for maximum productivity and cost efficiency.
ERP stocktaking: The benefits at a glance
More efficiency: Clearly mapped warehouse structures and storage locations help your logistics team more quickly process goods receipts, accelerate picking for sales orders, and improve scheduling and planning.
Accurate counts: Stocktaking in abas ERP excels in clarity and transparency of data structures and counting procedures can be defined according to your company's requirements.
Automatic updates: abas ERP ensures available materials and goods counts are kept up to date by automatically adjusting stock levels when packing slips are posted or production reports yields.
Scanners: Scanner solutions for abas ERP use a login-controlled authentication to ensure secure access and provides layout and ergonomics especially designed for PDAs to accelerate stock receipts, issues and transfers.
abas ERP Stocktaking
In abas ERP, you can control the complete stocktaking process. All of the steps – from the creation and printout of inventory sheets with collective print option, to stocktaking start and entering quantities counted, to the output of difference lists and multi-level stocktaking completion – can be controlled centrally. Processed inventory sheets are archived automatically and enable a seamless recording of inventory. The "Stocktaking Center" provides complete traceability.
Within abas, you can decide by product which consumption sequence (LIFO, FIFO) should be used. Once a consumption sequence has been stored for a product, each receipt of this product, including information on the receipt quantity, receipt date or expiry date, and cost price, is documented separately. Then, when the product is withdrawn, the stock quantity will be debited according to the defined sequence. The resulting costs will then be determined and set in material costs posting and the actual costing.
Standard BI reports
Materials management BI reports show the development of the warehouse stock or stock values within a year, and the stock key figures of the past four years. Materials Management reports show you how the stock values change within a given year or in comparison to previous years. Key figure fluctuations within a month or year are easily identified. You can also recognize long-term trends for the products in question. This enables you to plan as effectively as possible to achieve a specific benefit.