Inventory Management
OmegaCube ERP’s Inventory Management solution enables you to be on top of your inventory at all times. It gives you real-time insights on inventory balances, stock consumption, material movement and warehouse utilization, helping you to plan, procure, manage and track inventory throughout the production cycle.
With efficient inventory management, you can improve order fulfillment ratios, reduce storage and movement costs, and production delays owing to miscommunication and human error.
Key Benefits
- Maintain inventory levels at all times and prevent stock outs, production delays.
- Improve order fulfillment for your customers by getting complete visibility and control of your supply chain
- Meet quality compliance requirements by maintaining an accurate genealogy and traceability throughout your supply chain.
- Improve cash flow by having the right inventory at the right cost at the right place at the right time.
- Maintain real-time demand and supply data by collaborating with your stakeholders and customers.
Key Features
Inventory Traceability
Inventory Valuation
Conduct inventory valuations using standard, actual or first-in-first-out (FIFO) costing methods. Track actual costs as and when material is procured and used for production. Get detailed breakdown of costs for materials, overhead, labor and outside processes.
Inventory Counting
Consignment Management & Tracking
Efficiently manage customer and vendor consignments. Track inventory counts at each consignment location. Automate invoice and report generation and dispatch them to customers and vendors.
Bar Code
Location Management
Inventory Usage Analysis
Quality Compliance
Auto-generate quality compliance certificates and attach mill certificates to lot numbers. Track heat numbers and material composition data.
Inventory Control
Suppliers and Purchasing
Lot Control & Management
Get greater control over incoming goods, material movement, outgoing product batches and overall inventory.
Kanban
Warehouse Management System
Efficiently manage warehouse operations, material movement, bin management, shipping and receiving and goods quality from a single centralized tool.
Shipping and Distribution
Automate local and global shipping workflows to deliver goods to your stakeholders i.e. vendors and customers on-time, everytime.
Our Customers are Our Purpose and Our Strength
We have been able to thin down our inventory carrying costs by about a third i.e. from approximately 3 million to 1 million. This is a huge deal for us. This was one of the prime reasons we needed an ERP, because we had inventory coming out of our ears, and we wanted to make sure that we had the right products at the right time.”
As soon as jobs are completed everyone knows an order is ready to ship. An email is sent via mobile devices so people throughout the facility are notified no matter where they are. When new jobs are created people can immediately check BOMs and inventory levels, so tools and materials can be ordered within minutes.”
We have to coordinate truckloads of steel, castings and other components from foreign suppliers, and PowerERP helps us balance, plan and schedule our ordering and inventory movements.”
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Browse through our Latest ERP and Technological Insights
