While you cannot eliminate “out of stock” scenarios, you can certainly improve the situation with pre-designed tools specific to your business requirements. Use BIS Inventory Control application to generate reports on important metrics in real-time, including perpetual & physical inventory, order processing, purchase, inventory location, stocked items, cost, logistics, and more. Over a period, efficient operational control will significantly lower overhead costs, providing you with a rapid return on your investment.
The BIS Inventory Management solution is created with a number of distinct modules with a key focus on product distribution. All modules in the system are integrated to provide maximum convenience and flexibility during operations. The application emphasizes sales, operations, customer service, inventory management, and accounting functions of a business.
Our engineers have upgraded the application consistently based on new industry prerequisites, technological inventions, inventory management concepts by industry experts and user inputs. One of the latest application features is the powerful cloud support, making it operable anywhere in the world. Employees on the field will greatly benefit from the Cloud ERP, accessing data post working hours, during holidays and lockdowns.
The module helps you to access data for important metrics like products stocked, location, total inventory value, inventory movement, and stock position (in hand, on order, scheduled for production and committed for sales). The module is further categorized into two sub-modules.
1. Perpetual Inventory
Takes care of purchase, manufacturing, and selling cycles to maintain an accurate record of each item stocked with filters like “items available to sell,” “quantity on hand,” “items scheduled to be received from vendor purchases and manufacturing units,” and “items scheduled to ship.” The inventory is further broken down into different lots that require lot controls and bins to help you locate items at picking and put-away time. Various cost elements, including the average cost of stock in hand, are also included.
2. Physical Inventory
Generates information for actual items count, values the counts, and compares the count with pre-count records to identify instances of shrinkage or validation of proper counts. You can set up counts for high movers, item classes, and other filters so that you can improve your inventory stock on hand for items that are indispensable for your business.
Use of handhelds and tablets allow easy entry of stock counts. Entries are updated in the backend. This access to the backend database avoids the need for stock counters to go back to the office to verify their work.