Stocks

Manage stock and warehouses (emplacement)

If you need to, you can add support for Lots or Serial numbers

What is stock and Warehouse Management?

Warehouse management involves managing stock storage and picking and packing activities in a warehouse. The practice uses demand trends data to place the best-selling items near packing areas to expedite shipping and dictate which items to use to fill orders, such as items with the closest expiration date. This can includes:

Leverage data and automation to conduct demand analyses, forecast sales and create efficient daily operating plans.
Provide real-time insight into inventory location and quantity.
Share data with other ERP modules or standalone software products, such as accounting software and transportation management solutions, to increase the efficiency of business operations.
Monitor and report productivity to offer a deeper understanding of how efficiently your warehouse is operating and where you can make improvements to warehouse geography and optimize space.
Create step by step directions to guide users through daily processes—such as receiving, picking and packing orders—using predefined rules.
Arranging the warehouse and its inventory.
Having and maintaining the appropriate equipment.
Managing new stock coming into the facility.
Picking, packing and shipping orders.
Tracking and improving overall warehouse performance.

Benefits of Warehouse Management

Warehouse operations are generally invisible to customers, but they play a vital behind-the-scenes role in ensuring on-time delivery. To achieve this goal, good warehouse management ensures all warehouse processes run as efficiently and accurately as possible. For example, warehouse management involves optimizing the use of warehouse space to maximize inventory storage; making inventory easy for staff to find; ensuring adequate staffing; efficiently fulfilling orders; and coordinating communication with suppliers and transportation companies so materials arrive and orders ship on time.

The benefits of good warehouse management—namely fast, high-quality service at low cost—can ripple out to the entire supply chain, strengthening relationships with suppliers as well as customers.

But given the many elements involved, optimizing warehouse management can be a complex task. That’s why many organizations are turning to warehouse management systems for help.

Warehouses

Organize your warehouses and emplacements. Use them to store your products and define stock movements. Track you stock based on product reference, warehouse, date, and/or lot/serial number.

Get an updated visualization of your stock using Weighted Average Price calculation or Standard calculation.

Stock Movements

Record your stock movement manually and/or configure your application to increase or decrease your stock automatically (on invoice, on order, or on shipment validation...)

Retreive any stock movement in your log record

Automatic virtual stock and easy replenishment process

Take your stock workflow setup into consideration to always display the real stock or virtual stock (ie. stock position once all your customer or supplier orders are shipped).

Use both your real stock and virtual stock to make your replenishment in just a few clicks.

Make mass stock change, inventory or transfer in one step

Use the stock transfer page to record in one transaction, several stock transfers.

Define a desired quantity for each product so that the replenishment tool will be able to generate supplier orders automatically to restore the stock. See the page Purchase/Approvisionning.

Lots and serial management

If you need to, you can use the Lot/Serial number management. Products defined to be managed by Lots will require a lot number for tracking. You can also set properties to your lot like Sell-by date or Eat-by-date.

Retreive details of stocks and movements for a particular lot at any time.