Inventory & Multi-Store Procedure in Hinawi ERP
The Inventory & Multi-Warehouse Procedure in Hinawi ERP is one of the core procedures that helps businesses efficiently manage their stock. This procedure is vital in monitoring and analyzing inventory and determining the financial value of goods recorded in the company’s balance sheet.
Designed to accommodate a wide range of features, this procedure enables companies to manage various types of inventory, including raw materials, semi-finished products, and ready-to-sell items. It is used across multiple industries, including manufacturing, maintenance, real estate, and fixed asset management.
Inventory & Stores Management
Hinawi ERP allows businesses to create and manage an unlimited number of warehouses. Each warehouse is defined with key details such as name, location, and specific settings, enabling complete control over inventory. Items can be assigned to one or multiple warehouses, making tracking available stock in each location easier.
The item movement tracking feature efficiently manages all transfers and distributions between warehouses, ensuring that stock is available at the right place and time. Additionally, reorder points can be set for each item to prevent stock shortages or excess inventory.
Reports & Inventory Analysis
Comprehensive inventory reports allow users to obtain accurate insights into the available quantities of each item in different warehouses, along with their associated financial values. These reports help businesses track the financial history of their inventory, conduct necessary analysis, and make the right business decisions. Reports can also be customized to track stock levels, identify replenishment needs, and highlight obsolete items.
Inventory Control & Supervision
Hinawi ERP provides advanced user permission management tools, allowing administrators to restrict access based on warehouse roles and ensuring higher security in inventory management. Additionally, the procedure generates alerts and notifications when stock levels fall below set thresholds or when significant inventory changes occur.
Benefits of Multi-Store Management
One key advantage of Hinawi ERP’s multi-store procedure is the ability to manage inventory across multiple locations. This improves storage and distribution processes, enhancing efficiency in handling orders from various locations. The procedure also helps optimize reorder processes, preventing excess stock or shortages.
Seamless Integration with Other Procedures in Hinawi ERP
The Inventory & Multi-Warehouse Procedure seamlessly integrates with other procedures in Hinawi ERP, increasing flexibility in utilizing different resources. For instance:
- Inventory can be used in manufacturing or maintenance processes.
- Purchases and sales invoices can be generated based on available stock in different warehouses.
Inventory Management & Core Accounting Accounts
When creating a new item, the procedure requires linking it to three key accounts:
- Cost Account – Records the cost of goods sold (COGS) when the item is sold, used in projects, or consumed in manufacturing.
- Sales Account – Tracks revenue generated from the item’s sale, reflecting business profitability.
- Inventory Account—This account stores the value of available stock and is a key component of the company’s balance sheet.
Applications of Inventory & Multi-Warehouse Procedure Across Different Sectors
The inventory procedure is widely used across manufacturing, maintenance, real estate, and fixed asset management.
- The procedure tracks raw materials, semi-finished products, and finished goods in manufacturing, ensuring smooth workflow in production lines.
- In real estate management, it is used to track equipment and tools required for maintenance operations.
Hinawi ERP & Real-Time Inventory Management
Hinawi ERP provides real-time inventory management, meaning that all stock-related data is updated instantly with every transaction. This enables businesses to make accurate and timely inventory decisions while ensuring customer demand is met efficiently.
Benefits of Using Hinawi ERP for Inventory Management
✔ Increased efficiency – Automating inventory processes and tracking stock in real time.
✔ Cost reduction – Optimizing inventory management to minimize losses and waste.
✔ Improved order accuracy – Monitoring stock levels to ensure adequate availability.
Conclusion
The Inventory & Multi-Stores Procedure in Hinawi ERP is a powerful tool that enables businesses to manage their stock efficiently while ensuring seamless integration between financial and operational procedures. It provides comprehensive control over inventory across multiple locations, helping businesses improve decision-making, reduce costs, and enhance operational efficiency.
