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How to Manage Inventory in ERP

Last Updated: May 28, 2024
Category: ERP Software Guide

Efficient Inventory Management

Tech Leads ERP allows for granular control over your stock levels across multiple branches and warehouses.

1. Warehouse Setup

Create separate virtual locations for 'Main Store', 'Showroom', and 'Damaged Goods'. Go to Inventory > Warehouses.

2. Stock Adjustments

Use the 'Stock Adjustment' module for initial inventory entry or correcting discrepancies after physical audits.

3. Low Stock Alerts

Set 'Minimum Reorder Levels' for each product. The system will automatically generate a purchase requisition when stock falls below this threshold.

4. Batch and Expiry Tracking

For pharmaceuticals or food items, enable Batch Tracking. This ensures you sell items using the FEFO (First-Expiry-First-Out) method.

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How to Manage Inventory in ERP | TECH LEADS Help Center | Tech Leads BD Limited