Inventory Management in DoxERP
The digital transformation boom that the world witnessed has made a significant impact on the way business is managed
through modern technology, especially accounting systems such as the DoxERP cloud program, which made a qualitative leap for everyone who used it in business management, so we will discuss in this article the importance of inventory management for For companies and how DoxERP transformed the traditional slow and inaccurate systems into fast and accurate ways of entering inventory data in addition to obtaining instant reports.
Inventory management and control is all work related to inventory supervision, review of inventory balances, exchange and addition permissions, and the actual balance of inventory to find out the deficit and addition of items to provide officials with the reports they need in a timely manner. From here we conclude that the presence of a program within the company means that the company is moving in the right direction, as we know that the different activities of companies create many and many inventory items and certainly difficult to manage and control them with traditional paper-based systems, which do not fully fit with what we see of modern technology in our lives, so the The DoxERP program consists of a group of integrated units that make the company work as a single system, especially inventory management, which allows the company as a whole to obtain the
necessary inventory reports with ease and accuracy at any time.
Inventory management in DoxERP has several advantages, including:
1. Ease of making electronic addition and exchange permits for all items.
2. Making a card for the item and specifying all the characteristics of the item (item code - its unit of measure - its description - alternative units of measurement - alternative items for the item - designated warehouse - selling price - cost price - item tax - the opening balance of the item - its account in the chart of accounts...)
3. The ability to add and exchange inventory items through the scanner, by having a serial number on the item that the scanner can read, and the DoxERP program immediately affects the movement of the item within the stock, whether it is addition or exchange.
4. Linking the stock of the branches to each other, where it is possible to review the items in different stores in a momentary manner and it also enables him to know the balance and make a transfer of the stock items when needed.
5. Ease of making materials exchange request for all sections.
6. The link between inventory management and financial management, whether through the addition or exchange of items, where other accounts are affected (such as accounts for cost of sales - customers - inventory - returns of sales or purchases - ..... etc.)
7. Easy and accurate review of the stock balance, which makes the inventory process easy.
8. Ease and accuracy of production planning. The production department can easily review the balance of the stock of raw materials through the reports issued by the program, which enables it to determine the appropriate production quantity, as well as purchase orders during the coming period, dates of supply and production plans, which reduces the chances of wastage and losses and reduces costs.
9. The link between inventory management, purchases and sales, because it is considered a single department, and in order for the purchase process to take place correctly, it is necessary to use reports on the balances of the items in the stores, and the balance of the supplier can only be calculated with the permission to receive the materials to the stores, and the purchase order can also be closed and the supply quantities checked only from During the receipt of all the goods in the purchase order and their addition to the stock, all reports related to these movements can be obtained with ease and accuracy through the DoxERP program.
10. Assisting officials in making decisions through the reports provided by the DoxERP programs in an instant and very accurate manner, which contributes to decision-making.
We conclude from what was mentioned that continuous development and improvement in inventory management is critical for all companies looking for the best in order to increase their competitiveness and gain customer confidence by providing high quality products at the lowest possible cost. DoxERP cloud software is your best choice.