Inventory System Enables Easy Management
Every transaction detail should be recorded precisely.
Inventory system can make inventory management become easy with a well-recorded history of all items in the system.
Inventory System, even with just a very simple one, must be used even for very small companies.
They would face difficulties when it comes to sharing and checking data in real time as well as frequent data errors.
In addition, when a company manages inventory and accounting separately, there would be a need to enter the same data twice.
It is managable when the work is simple and is handled by one to two people, but there will limitations as the company grows and the transactions with more customers increases.
This is a major reason why many companies are looking for an inventory system for a systematic management.
Once you've entered(recorded) your data precisely,
ECOUNT will handle all the rest of the work.
Entering Purchase(stock in) will automatically increase the inventory, and entering Sales(stock out) will reduce the inventory.
Entering Production will decrease the quantity of raw/sub materials based on the BOM(Bill of Material), and increase the quantity of semi-finished/finished goods.
In an inventory system, all entered details are immediately reflected in the reports and the inventory is automatically managed.
It is not just about inventory stock balance, what comes after will also be fine.
Entering sales(stock out) automatically aggregates the sales performance and A/R to be managed by each salesperson.
Automatically calculates and shows the appropriate amount of purchasing quantity, which helps you manage the right volume of your inventory.
Our inventory system will automatically calculate and show the appropriate amount of purchasing quantity,
which helps you manage the right volume of your inventory.
Inventory System with Quantity Management
- When you input sales, purchases, and production details, they are calculated and reflected right away in the inventory balance book.
This can resolve issues caused by discrepancies between book inventory balance and the actual balance due to missing transaction history. - The calculated inventory quantity is reflected in all books and reports so that you can check inventory quantity and balance in real time.
- When entering the transaction, you can specify which warehouses receive/release the stocks to manage the inventory in and out automatically. You can also register unlimited number of warehouses and locations, so you can separate your inventory according to your needs.
Track Inventory History
- Even if the quantity in the inventory system is wrong, there shouldn't be a problem.
Since the quantities are calculated based on the transaction details, you can easily track the history by inquiring the details that were created. - You can record serial number and lot number on items.
Even if the items are of the same type, it is possible to determine when and where each item was received and shipped by number.
Interlinked Workflow
- Even if you have a different person in charge, your work is immediately shared without the need to request or deliver documents.
This is because recorded transactions can be easily viewed at any time in a report according to the authorizations given to each user. - Since the recorded sales order details can be imported to create sales, purchases, and production,
you don't have to enter the same transaction details twice, and you can also avoid missing any data. - You can see the progress status of other departments right away, so your work is seamlessly connected.
For example, the sales department can view purchase details and receive a sales order accordingly.
The purchasing department can place purchase orders by viewing the planned production details of the production department.
Inventory System with Quantity Forecast
- Forecast the quantity to order for sales and manufacture by considering the current inventory and scheduled sales/purchases.
- Set the quantity that needs to be maintained for a certain item, to predict and prevent the quantity from going below this number upon sales.
Profit Management
- Inventory system enables you to record purchases, sales, and production details to yield company's profits.
- By checking the amount of profit and the rate of return for each item,
you can determine if you need to adjust the inventory quantity and the production quantity. - The current inventory amount is calculated accurately from the amount of purchases recorded for each item.
By just recording the sales, purchase, manufacturing details into the inventory management program,
the inventory balance calculation, inventory movement management, work sharing, profit management is possible
making it easier to manage the inventory without separate processing tasks.