Godowns
Hierarchical Godown structure to
support consolidated inventory
assessment at different locations /
distribution Centres.
Logical and Physical classification
of storage locations.
Godown classification on the basis
of Stock Groups enabling easy
access and traceability of the item.
Unit of Measurement
Definable UOMs ranging from
standard weights such as Kg,
Litres, box, rolls etc.
Multiple Units of Measurement for
single item specifying primary and
secondary UOMS with definable
conversion factors.
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Material classification
Three level framework viz. Stock
Group, Stock Type and Stock
Category to classify each inventory
item in the organization.
Classification of items into stock
groups using a tree hierarchy.
Definable inventory valuation
criteria for material issue and
consumption.
Definable stock issue schemes
from the warehouse, like FIFO and
LIFO.
Definable advanced properties of
the item such as reorder level,
order quantity, minimum stock
level.
Association of accounts with each
inventory item to integrate with
financial accounting.
Association of multiple attributes
with each item to define unique
characteristics of the item.
Association of price schemes with
multiple account assignments with
each stock group for inventory
valuation.
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Quality Management
Definable sets of tests and different
parameters for each test type for
comprehensive Quality Assurance.
Recording of results against each
test for every lot receipt giving test
scores and defects recorded.
Material Movement Control
Document base recording of each
material movement specifying
transactions by means of
Requisition, Gate Entry, GRIN,
Material issue giving quantity,
value, date and time of movement.
Definable different types of
documents for Raw material,
Capital Goods, Stores and spares,
Miscellaneous items, Cash
Purchases and Finished Goods to
manage process flow and better
reporting.
Lot level tracking for inspection,
issue and valuation of materials.
Stock transfer functionality to
manage material movement within
the organization.
Planning of anticipated inventory
movement through item
reservation functionality and future
stock ledgers.
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Material Information Analysis
Document Registers for
maintaining day-to-day
transactions.
MIS Reports such as Stock Ledger,
Consumption Details, Cumulative
receipts, Days Inventory, Excise
Registers.
Performance analysis reports such
as ABC Analysis, Slow Moving
Items, and Item below Stocks.
Analysis of Material Accounting
bringing out quantity and value
discrepancies.
Standard Reckoner Features
Online Authorization of
Documents
True Workflow based system.
In built Mail system.
Alerts can be set in the system to
monitor exception activities or
events.
Ensures people access only the
information they need and are
authorized to access.
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