IMMS provides the facility to maintain accurate and up-to-date inventory data of current inventory levels by warehouse, historical data and inventory management and valuation statistics. It provides the flexible methods of inquiry, reporting and categorising inventory movements. Provides timely reporting of changes in inventory levels. Inventory module receives transactions from sales module, purchase order and shop floor module. It supports MRP. Inventory module also provides the facility to physically count the inventory, compare physical and book quantity and pass the adjustments. Supports user defined inventory transactions. Allows doing a physical stock count and passing the adjustments. IMMS provides ABC analysis and Fast, Slow and Non-moving analysis with age and value.

Warehouse
Warehouse is the unit of inventory storage where the items are physically stored. Warehouses can be defined for physical or logical reasons. For example if a capital goods manufacturing company wants to keep its inventory on the basis of major sub assemblies, it can be done by defining different warehouse for each individual assembly. Items are stored in the individual locations within the warehouse. IMMS maintains inventory data for each individual warehouse separately. Inventory transactions affect warehouse inventory. Warehouse inventory can be hidden from MRP. An item can be stored within multiple warehouses.

Location
Location is the lowest and smallest unit of inventory storage. Locations are physical place either racks or cupboard or in open place, where the items are stored. IMMS allows maintaining location wise inventory. IMMS supports multiple locations for one item. IMMS optionally maintains location wise inventory.

Inventory Transaction
IMMS supports six kinds of transactions, Receipts, Issues, Rejections, Returns, Warehouse Transfer and Adjustments. Goods Received Notes, work order issue, work order return, are also types of inventory transaction. IMMS supports user defined inventory transactions. The user can also configure the reference field for each transaction separately.

Receipts
IMMS supports Goods Received Notes (purchase receipt), sales return receipts; cash purchase receipts and other miscellaneous receipts.

Issues
IMMS supports work order issues, other issues, labour job issues, sales issues (delivery notes), scrap note and miscellaneous issues

Rejections
IMMS supports Vendor Rejection and Rejection from shop floor.

Adjustments
IMMS supports receipt adjustments; issue adjustments and physical stocks count adjustments

Returns
IMMS supports Work order returns

Inventory
IMMS maintains on-line inventory information for each item in the warehouse. Current inventory levels are calculated from the following formula
Opening balance + receipts + adjustment + returns - issues. MRP uses these warehouse inventory data as a supply.

Physical Stock Count
IMMS allows both perpetual count day set up and physical inventory. For physical inventory count IMMS supports count day set up to decide the days on which the physical stock is to be counted, define the count schedule for each item, enter the count information, generate inventory imbalance report and pass the adjustments.

Inventory Analysis
Based on inventory data and movement IMMS supports various inventory analysis reports like, an ABC analysis report based on consumption value, Usage analysis based on usage of the purchase receipts, Ageing analysis (FSN, Fast Slow, Non moving) based on inventory age, non-moving analysis based on movement of inventory. These inventory analysis reports help to control the inventory levels and know the consumption pattern.

Following functionality is provided by the IMMS:

Maintenance

1) Warehouse maintenance
2) Location maintenance
3) Transaction master maintenance
4) Entry of inventory transactions
5) Set up a count day schedule
6) Count entry of physical stock

Reports

1) Inquiry of transaction for an item
2) Transaction printing
3) Transaction register
4) Document control
5) Stock ledger
6) Stock report
7) Inventory imbalance report
8) Non-moving report
9) Usage analysis
10) Consumption register
11) Age analysis
12) ABC analysis

Process

1) Period end
2) Purge inventory transactions

Purchase Details | Sub Contracting Module