Inventory (RM/WIP/FG)
Multi-warehouse, bins, QR tracking, cycle count, FIFO/FEFO
Module Overview
Advanced Inventory Management module for Raw Materials (RM), Work-in-Progress (WIP), and Finished Goods (FG) with multi-warehouse support, bin management, QR tracking, and FIFO/FEFO strategies.
Comprehensive inventory control system that provides real-time visibility into stock levels across multiple warehouses, tracks materials by lot/heat numbers, and implements intelligent inventory strategies for optimal stock management.
11+
Unified Features
6
Industries
9
Key Benefits
10
Key Features
Unified Features
Core functionality that works seamlessly across all steel manufacturing industries
Multi-Warehouse & Location Management
Manage multiple warehouses and storage locations with independent inventory tracking. Define warehouse hierarchy, location codes, and storage capacity for organized inventory management across facilities.
Bin & Storage Location Tracking
Track inventory at bin and storage location level for precise material location. Support for rack, shelf, and bin numbering systems with visual location mapping for faster material retrieval.
QR Code & Barcode Scanning
Use QR codes and barcodes for fast and accurate inventory transactions. Support for mobile scanning, batch scanning, and integration with handheld devices for efficient warehouse operations.
Lot, Heat & Batch Tracking
Track materials by lot numbers, heat numbers, or batch numbers for complete traceability. Maintain lot history, expiry dates, and quality status for each lot with forward and backward traceability.
FIFO/FEFO/LIFO Strategies
Implement First-In-First-Out (FIFO), First-Expiry-First-Out (FEFO), or Last-In-First-Out (LIFO) inventory strategies. Automatically suggest material issues based on selected strategy for optimal inventory management.
Cycle Count & Physical Inventory
Schedule and execute cycle counting and physical inventory verification. Compare physical counts with system records, identify discrepancies, and process adjustments with approval workflows.
Stock Adjustment & Transfers
Process stock adjustments for inventory corrections, write-offs, and transfers between warehouses. Maintain complete audit trail of all inventory movements with reason codes and approvals.
RM/WIP/FG Visibility
Get real-time visibility of raw material, work-in-progress, and finished goods inventory across all locations. Monitor stock levels, identify shortages, and optimize inventory investment.
Inventory Valuation & Reporting
Calculate inventory valuation using standard cost, weighted average, or FIFO methods. Generate inventory valuation reports, aging analysis, and slow-moving inventory reports for better inventory control.
Material Reservation & Allocation
Reserve and allocate materials for specific production orders, sales orders, or projects. Track reserved quantities, available quantities, and prevent over-allocation of inventory.
Inventory Reorder Point & Safety Stock
Set reorder points and safety stock levels for automatic replenishment. Generate purchase requisitions when stock levels fall below reorder points and maintain optimal inventory levels.
Industry-Specific Features
Tailored functionality designed for specific steel manufacturing industries
Wire Rods
- 1 Coil-based inventory management
- 2 Heat number and batch tracking
- 3 Diameter and grade categorization
- 4 Weight and coil tracking
Steel Wires
- 1 Wire rod and finished wire tracking
- 2 Diameter and gauge management
- 3 Heat number traceability
- 4 Coating type and batch tracking
Steel Wire Strand
- 1 Strand configuration tracking
- 2 Pre-stressing specification management
- 3 Project-based inventory allocation
- 4 Breaking load categorization
LRPC Strand
- 1 Strand construction tracking
- 2 Low relaxation batch management
- 3 Pre-stressing force categorization
- 4 Construction project allocation
Steel Wire Ropes
- 1 Coil and reel tracking
- 2 Length-based inventory
- 3 Rope diameter and construction tracking
- 4 Breaking strength categorization
Wire Rope Slings
- 1 Sling type and configuration tracking
- 2 WLL and capacity categorization
- 3 Leg length and angle management
- 4 Lifting equipment project allocation
Key Benefits
Discover how this module transforms your operations and drives business growth
Reduce inventory carrying costs by 20-25%
Eliminate stockouts and overstocking
100% traceability of materials
Faster inventory transactions
Accurate inventory valuation
Lower working capital
Reduce cycle count variances
Improve space utilization
Fewer picking errors
Key Features
Essential features at a glance
Ready to Explore This Module?
Schedule a personalized demo to see how this module can transform your operations and drive business growth.