Advanced Inventory Control

Advanced Inventory Control

Efficient inventory management is essential for any business dealing with physical products. BIS ERP’s Inventory Control offers a comprehensive solution to track, manage, and optimize stock levels across multiple locations, ensuring accurate data and streamlined operations.

BIS ERP enables businesses to monitor stock movement in real time, from procurement to order fulfillment. Whether you’re managing a single warehouse or a complex multi-location supply chain, our system ensures full visibility into inventory status, movements, and valuation at all times.

Key Capabilities:

Perpetual and Physical Inventory Management 

• Supports real-time updates on inventory levels (perpetual) or periodic manual counts (physical).
• Ensures consistency and accuracy between system data and physical stock. ?

Barcode and RFID Technology and Tracking 

• Enhances speed and accuracy in stock tracking and order processing.
• Reduces manual entry errors and improves efficiency.

Lot & Serial Number Tracking 

• Tracks individual units via serial numbers or groups of items via lot numbers.
• Ensures better traceability for compliance and quality control.

Multi-Location & Warehouse Transfers 

• Easily manage stock transfers between warehouses, stores, or fulfillment centers.
• Automates documentation and reduces stock discrepancies.

Inventory Valuation & Forecasting 

• Provides real-time valuation using FIFO, LIFO, weighted average, or standard costing.
• Forecasts demand trends to optimize stock levels and reduce excess inventory.

Automated Reorder & Purchase Suggestions 

• Uses historical sales and usage data to generate smart purchase recommendations.
• Prevents stockouts while reducing unnecessary overstock.

Key Capabilities:

Absolutely based on the features and capabilities described, here are 8 key business benefits a company would gain by implementing the BIS ERP System:

8 Business Benefits of Implementing BIS ERP 

• Improved Operational Efficiency 
  Automates routine tasks like inventory updates, purchasing, and stock transfers—freeing up staff time and reducing operational bottlenecks.
• Real-Time Inventory Visibility 
  Provides up-to-the-minute insight into inventory across all locations, empowering better decision-making and faster responses to customer demands.
• Reduced Costs and Waste 
  Forecasting and smart reorder suggestions prevent overstocking and stockouts—minimizing storage costs and lost sales opportunities.
• Enhanced Accuracy and Fewer Errors 
  Barcode/RFID integration and automated data capture drastically reduce human error in inventory tracking and order processing.
• Better Product Traceability and Compliance 
  Lot and serial number tracking ensures you can trace every item from supplier to customer—critical for regulated industries or high-value goods.
• Streamlined Multi-Warehouse Management 
  Easily handle stock movement between multiple warehouses or store locations with built-in tools to reduce discrepancies and paperwork.
• Scalable to Support Growth
  Whether you’re running a single site or expanding globally, BIS ERP grows with you—supporting complex operations and larger inventories effortlessly.
• Informed, Data-Driven Decisions 
  Advanced analytics, valuation tools, and forecasting features give leadership the insight needed to make smarter strategic decisions.