IFS Stock and Inventory Management

IFS ERP INVENTORY & STOCK MANAGEMENT MODULE OVERVIEW

Comprehensive Stock Control

This feature of IFS ERP Inventory Management helps businesses to manage their inventory levels by providing real-time visibility into stock movements and allowing the creation of reorder points, ensuring that sufficient inventory is maintained to meet demand, while reducing the risk of overstocking and stock-outs. IFS Stock Management enables businesses to monitor inventory turns, calculate average lead time, and generate reports to help make informed decisions about inventory management.

Efficient Warehouse Management

This feature of IFS ERP Inventory Management enables businesses to manage their warehouse operations more efficiently by automating the physical storage and retrieval of inventory items. IFS Stock Management also provides businesses with the ability to manage their receiving and shipping processes, including the creation of packing slips, labels, and manifests, as well as the ability to track and manage serialized items.

Bin Management

This feature of IFS ERP Inventory Management helps businesses to manage the physical storage of their inventory by providing the ability to allocate specific locations within the warehouse for specific items. IFS Stock Management also provides businesses with real-time visibility into the location of each item, improving the accuracy of inventory counts and reducing the risk of lost or damaged goods.

Accurate Inventory Valuation

This feature of IFS ERP Inventory Management provides real-time valuation of inventory items, based on the cost of goods sold, using FIFO, LIFO, or average cost methods. IFS Stock Management enables businesses to understand the true cost of goods sold, which is critical for financial reporting and decision making. This feature also provides businesses with the ability to monitor inventory margins and to generate reports to help make informed decisions about inventory management.

Streamlined Order Management

This feature of IFS ERP Inventory Management helps businesses to manage customer orders more efficiently by automating the processing of incoming orders, the allocation of inventory to fulfill orders, and the shipment of orders to customers. IFS Stock Management also provides businesses with the ability to track the status of orders, including the ability to view order history, generate reports, and monitor order-to-cash cycle times.

Effective Procurement Management

This feature of IFS ERP Inventory Management enables businesses to manage the procurement process more efficiently, including the sourcing of raw materials, the negotiation of purchase contracts, and the receipt of purchased items into inventory. IFS Stock Management also provides businesses with the ability to manage supplier relationships, including the ability to monitor supplier performance, to track purchase orders, and to generate reports to help make informed decisions about procurement.

Barcode Scanning Technology

This feature of IFS ERP Inventory Management enables businesses to use barcode scanning technology to manage their inventory more efficiently, by automating the tracking of inventory movements and providing quick access to inventory information. IFS Stock Management helps to reduce the risk of human error and improves the accuracy of inventory counts, enabling businesses to make informed decisions about inventory management.

Mobile Inventory Management

This feature of IFS ERP Inventory Management provides businesses with the ability to manage their inventory using mobile devices, providing real-time access to inventory information and enabling inventory transactions to be processed on-the-go. IFS Stock Management enables businesses to perform inventory counts, manage stock transfers, and access inventory information while working remotely, improving the efficiency of inventory management processes.

Real-time Inventory Visibility

This feature of IFS ERP Inventory Management provides businesses with real-time visibility into their inventory levels, enabling informed decisions to be made about inventory management. IFS Stock Management helps businesses to quickly respond to changes in demand, reducing the risk of stock-outs and improving the