Inventory \ Multi warehouse

The Inventory and Multiple Warehouses module in Hinawi ERP is a crucial component in managing accounts, as the value of inventory is included in the company’s balance sheet. Special attention has been given to this module, developing it to encompass extensive and diverse information.

The Inventory module is used not only in accounting but also in manufacturing and maintenance, whether in property management or fixed assets management.

Additionally, it is used when creating work orders in the garage module. Item names or categories appear in a dedicated list and can be for the purpose of sales and trade, manufacturing, or be semi-finished or finished goods.

Defining and Tracking Warehouses

An unlimited number of warehouses can be created and managed in the system. Each warehouse is defined with its specific information, such as name, location, and specific settings. Furthermore, each item can be assigned to a particular warehouse or multiple warehouses, allowing for tracking available quantities in each warehouse separately.

Item movements between warehouses can be tracked easily, including transfer, supply, and distribution operations between different warehouses. Reorder points for each item in each warehouse can be set, helping maintain sufficient stock levels and avoiding stock shortages.

The system displays the available quantities of each item in each warehouse separately, enabling precise inventory management. Comprehensive inventory reports are provided for each warehouse, including quantities, financial values, and history.

Control, Supervision, and Benefits of Multiple Warehouses

Access permissions can be customized for users based on warehouses, providing better control and higher security in inventory management. The system provides notifications and alerts for inventory management, such as reorder point alerts and alerts for significant inventory changes.

Managing inventory across multiple locations improves efficiency and facilitates storage and distribution operations. It helps reduce costs by improving inventory management and avoiding shortages or excesses. It gives companies greater flexibility in handling inventory across multiple locations and meeting customer needs quickly and effectively.

Integration with Other Modules in the Software

Inventory can be used in manufacturing and maintenance operations, providing flexibility in resource usage. Purchase and sales invoices can be issued based on available inventory in different warehouses.

When creating a new item name, the item must be linked to three primary accounts:

1. Cost Account: This account is allocated for recording the costs of the inventory and is included in the profit and loss statement as direct costs. It is used when the item is sold or issued for projects or manufacturing.
2. Sales Account: This account records the revenue from the sales of the item and is included in the profit and loss statement. It is used when the item is sold to generate revenue.
3. Inventory Account: This account records the value of the available inventory in warehouses and is included in the balance sheet. It is used to record the current inventory value of the items.