Godowns
- Hierarchical Godown structure to
support consolidated inventory
assessment at different locations /
distribution Centres.
- Logical and Physical classification
of storage locations.
- Godown classification on the basis
of Stock Groups enabling easy
access and traceability of the item.
Unit of Measurement
- Definable UOMs ranging from
standard weights such as Kg,
Litres, box, rolls etc.
- Multiple Units of Measurement for
single item specifying primary and
secondary UOMS with definable
conversion factors.
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Material classification
- Three level framework viz. Stock
Group, Stock Type and Stock
Category to classify each inventory
item in the organization.
- Classification of items into stock
groups using a tree hierarchy.
- Definable inventory valuation
criteria for material issue and
consumption.
- Definable stock issue schemes
from the warehouse, like FIFO and
LIFO.
- Definable advanced properties of
the item such as reorder level,
order quantity, minimum stock
level.
- Association of accounts with each
inventory item to integrate with
financial accounting.
- Association of multiple attributes
with each item to define unique
characteristics of the item.
- Association of price schemes with
multiple account assignments with
each stock group for inventory
valuation.
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Quality Management
- Definable sets of tests and different
parameters for each test type for
comprehensive Quality Assurance.
- Recording of results against each
test for every lot receipt giving test
scores and defects recorded.
Material Movement Control
- Document base recording of each
material movement specifying
transactions by means of
Requisition, Gate Entry, GRIN,
Material issue giving quantity,
value, date and time of movement.
- Definable different types of
documents for Raw material,
Capital Goods, Stores and spares,
Miscellaneous items, Cash
Purchases and Finished Goods to
manage process flow and better
reporting.
- Lot level tracking for inspection,
issue and valuation of materials.
- Stock transfer functionality to
manage material movement within
the organization.
- Planning of anticipated inventory
movement through item
reservation functionality and future
stock ledgers.
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Material Information Analysis
- Document Registers for
maintaining day-to-day
transactions.
- MIS Reports such as Stock Ledger,
Consumption Details, Cumulative
receipts, Days Inventory, Excise
Registers.
- Performance analysis reports such
as ABC Analysis, Slow Moving
Items, and Item below Stocks.
- Analysis of Material Accounting
bringing out quantity and value
discrepancies.
Standard Reckoner Features
- Online Authorization of
Documents
- True Workflow based system.
- In built Mail system.
- Alerts can be set in the system to
monitor exception activities or
events.
- Ensures people access only the
information they need and are
authorized to access.
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