Inventory Management

• Reorder and Replenishment
• Comprehensive Inventory Management
• Stock Valuation and Accounting
• Stock Entry Management
• Inventory Forecasting and Planning
• Stock Reports and Analytics
• Perpetual and Periodic Inventory Systems
• Multi-Company and Multi-Currency Support
• Seamless Integration with Other ERPNext Modules

Reorder and Replenishment

1. Reorder Level Alerts: Set minimum stock levels and receive automatic alerts when it’s time to reorder items.
2. Material Request Automation: Generate material requests automatically based on reorder levels or production needs for seamless restocking.
3. Supplier Management: Link suppliers to products and manage procurement more effectively.

Comprehensive Inventory Management

1. Multi-Warehouse Management: Manage stock across multiple warehouses with real-time updates and location-based tracking.
2. Stock Transfers: Simplify internal stock transfers between warehouses or departments and keep a detailed record of movements.
3. Batch and Serial Number Tracking: Track stock by batches or unique serial numbers for precise inventory control and traceability.

Stock Valuation and Accounting

1. Automated Valuation: Choose from various stock valuation methods, including FIFO, LIFO, and Moving Average, for accurate stock value calculation.
2. Stock Ledger: Maintain a comprehensive stock ledger that records all stock transactions for easy auditing and financial reporting.
3. Integrated Accounting: Link stock movements with financial ledgers automatically to streamline accounting processes.

Stock Entry Management

1. Stock Adjustments: Record adjustments for discrepancies found during physical stock counts, including damaged or expired items.
2. Manufacturing and Subcontracting Entries: Handle stock entries related to manufacturing and subcontracting to keep inventory updated.
3. Stock Returns: Manage returned items efficiently with stock entry records for return transactions.

Inventory Forecasting and Planning

1. Demand Forecasting: Analyze historical data to forecast inventory needs and improve planning.
2. Inventory Age Analysis: Monitor the age of stock to identify slow-moving or obsolete items, optimizing storage and reducing holding costs.

Stock Reports and Analytics

1. Stock Balance Report: View current stock levels, available quantities, and reserved stock across warehouses.
2. Stock Movement Analysis: Track inventory movements to understand trends, peak times, and movement patterns.

Perpetual and Periodic Inventory Systems

1. Flexible Inventory Management: Support for both perpetual and periodic inventory systems, allowing businesses to choose the method that fits their needs.
2. Stock Reconciliation: Conduct regular stock reconciliation to align physical stock with recorded data and rectify discrepancies.

Multi-Company and Multi-Currency Support

1. Global Inventory Management: Manage stock for multiple companies and handle transactions in various currencies for global operations.
2. Consolidated Reporting: View inventory reports across different company entities for a holistic view.

Seamless Integration with Other ERPNext Modules

1. Sales and Purchase Integration: Link stock management with sales and purchase modules for seamless order fulfillment and procurement.
2. Manufacturing Integration: Align with the manufacturing module for real-time updates on material consumption and production output.
3. Accounting Integration: Ensure synchronized financial data with automated stock ledger entries impacting financial records.