Stock Management
Minimize disruptions to your business by streamlining the physical count process
Outstanding customer service and optimum manufacturing productivity require accurate, up-to-date inventory information. HoneycombERP® Physical Inventory provides this information through an automated process that minimizes disruptions to business operations during the physical count process.
Product Ledger
HoneycombERP® gives you a comprehensive product ledger depicting product’s Ins and Outs, balance with a complete stock movement detail within your enterprise premises. Product ledger also cover the storing location thus cover the broader aspect of ledger and assisting you in determining stock positions, calculations and storing methods.
Location Ledger
Location Ledger gives you stock movement per location of items. HoneycombERP® gives you the flexibility to drill down the product ledger to a more refined location ledger thus enabling easy tracking of items.
Store Ledger
Larger enterprises have more than one store to meet the storing capacity required for their items and products. HoneycombERP® gives you ledger of items according to store. In case of multiple stores, Store ledger helps you monitor stock movement store wise.
Dynamic Stock Status and Movement
Dynamic stock status and stock movement is all times requisite information for any organization to make rational decision making. HoneycombERP® provide all such information with comprehensive reports and details.
LIFO/FIFO/Time Horizon Based Issuance
There are three common methods of inventory valuation LIFO (Last in First Out) FIFO (First in First Out) and Weighted Average method HoneycombERP® provide flexibility to use any method depending upon the nature and requirement of the organization. Moreover detail and comprehensive reports are available on stock valuation to help the upper management in decision making process
Periodic Stock Movement Summaries
Organizations are keen to know the stock movement on periodic basis as this will help to identify the fast moving and slow moving items over time and on the basis of this information management make corrective actions. HoneycombERP® system provide all such requisite information and with real time reports.
Update of Perpetual Inventory
A method of accounting for inventory that records the sale or purchase of inventory in near real-time, through the use of computerized point-of-sale and enterprise asset management systems. Perpetual inventory provides a highly detailed view of changes in inventory and allows real-time reporting of the amount of inventory in stock, hence, accurately reflecting the level of goods on hand.
Supply and Demand Management
Supply and demand are the core areas on which every organization capitalize and success of organization depends on the affective management of supply and demand. In today world of globalization efficient relationship between supply and demand is very important and HoneycombERP® provides its clients competitive edge over their competitors by allowing its user to manipulate requisite information from sales and procurement in integrated environment.
Consigned Inventory
In consigned inventory vendors are allowed to have separate stores in organizational premises. Whereas stock is managed separately as the ownership is still lies with the vendors and it will come part of organizational inventory when invoices are booked. HoneycombERP® manages this situation and provides optimal solution to its clients.
Closed Loop Process
Physical Inventory provides a full-structured, closed loop process for counting, reconciling and updating inventories. Flexible freeze options allow HoneycombERP® to perform inventory counts without disrupting business operations. While, exceptions reports warn of potential error conditions whenever counts conflict with existing data