Inventory Management
Take Control of your Stock with Precision
Gain full control over your inventory with our Inventory Management Module, designed to help startups and mid-size businesses manage stock levels, reduce wastage, and streamline warehouse operations. Fully integrated with Octate Accounting Module, this module ensures real-time visibility into stock movements, valuation, and demand forecasting.
Inventory Tracking & Control – Real-Time Visibility
Inventory tracking and control offer real-time visibility across multiple locations, helping to prevent stockouts and overstocking with accurate data. Features like Unit of Measure (Auto Conversion) streamline purchasing and sales, while Batch and Serial Number Tracking ensures compliance and traceability. Multi-Warehouse Management allows seamless stock transfers and centralized control, while Stock Replenishment Alerts notify when items are low. Multiple Pricing Levels & Discount Pricing enable tailored pricing for different customers or promotions. The Master Stock Item with Variants simplifies tracking of product variants under one item, and the Bill of Materials (BOM) supports production by managing raw materials and components for finished goods.
Inventory Transactions – Streamline Operations
Streamline inventory operations with automated and manual transaction management.
- Production/Assembly: Record production or assembly of finished goods. Automatically deduct raw materials from inventory and add finished products.
- Disassembly: Break down finished goods into components or raw materials. Update inventory levels accurately.
- Stock Adjustments: Make manual adjustments for discrepancies, damages, or losses. Maintain accurate inventory records at all times.
- Stock Transfers: Transfer stock between warehouses or locations with ease. Track transfers and ensure accountability.
- Pick List & Packaging: Generate pick lists for order fulfillment and manage packaging processes. Streamline your order-to-ship workflow.
- Inspection: Inspect incoming or existing stock for quality, defects, or compliance. Ensure only approved items are added to inventory or shipped to customers.
- Stock Revaluation: Revalue inventory based on current market prices, currency fluctuations, or other factors. Maintain accurate financial records and comply with accounting standards.
Pricing & Cost Management - Smart Pricing, Smarter Profits—Optimize Costs, Maximize Value.
- Product Price Lists : Set up custom price lists for different customer groups or regions.
- Pricing Tiers & Discount Pricing: Define structured pricing for bulk purchases or special customer segments.
- Pricing Matrix: Automate complex pricing structures based on quantity, customer type, or location.
- Real-Time Inventory Valuation: Track stock costs using FIFO, LIFO, or Weighted Average methods.
Integration & Automation – Work Smarter, Not Harder
- Barcode & QR Code Scanning: Simplify inventory management with barcode and QR code scanning. Reduce manual errors and speed up processes.
- Integration with Procurement & Order Management Module: Sync inventory data with procurement and sales modules. Automatically update stock levels when orders are placed or received.
- Mobile Accessibility: Manage inventory on the go with mobile-friendly interfaces. Perform stock checks and updates from anywhere.
Ready to Transform Your Inventory Management?
Stop struggling with manual processes and outdated systems. Talk to an Expert today and discover how our Inventory Management Module can help you optimize stock levels, reduce costs, and improve efficiency.