Trends Materials/Inventory Management manages critical functions, which include materials procurement or purchase order processing, inventory control, stores management and materials valuation.
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- Capture materials requirement
- Determine source of supply by selecting vendors
- Process purchase orders
- Monitor purchase orders
- Receive goods in the warehouse
- Verify accuracy and validity of purchase invoices against orders and goods received
- Post-invoice activities like sales tax forms and waybills
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- Indents - Indents Analysis ( Itemwise/delivery due date schedule)
- Enquiries
- Quotations & Offers received
- Purchase orders
- Pending purchase orders - Purchase order amendments
- Materials inward
- Quality Inspection
- Material rejection excise
- Purchase Invoice - Bill/date/item/vendor-wise
- Debit/Credit note registers
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- Geared to handle all the inventory needs and materials control requirements of a factory including vendor registration, vendor evaluation (on basis of price, quality, delivery and service) and quality inspection
- Allows inventory to be measured in a number of units, with immediate conversion between units
- Multi-warehouse stock handling
- Activity-based costing by defining cost centers and monitoring consumption of materials
- Comparative study of costs to planned consumption
- Track Excise claims
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- Detailed materials procurement analysis through a host of MIS reports, such as Item Rate Analysis, Lead time Analysis, Item Supply Performance and Supplier Analysis
- Generate stock analysis reports
- Consumption forecast with the aid of Re-Order Level, minimum and maximum levels
- Physical stock verification and adjustment of differences
- Reserve materials received against specific production orders
- Batch-wise inventory for products
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