Inventory Management

Inventory Management

  • Stock Control: Tracks and manages inventory levels, locations, and movements.
  • Warehouse Management: Optimizes warehouse operations, including receipt, put-away, picking, packing, and shipping.
  • Lot and Serial Number Tracking: Manages the traceability of materials and products using lot or serial numbers.
  • Reorder Point and Safety Stock Management: Determines optimal reorder points and safety stock levels to ensure inventory availability.
  • Inventory Valuation: Calculates the value of inventory based on cost methods such as FIFO or weighted average.

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