INVENTORY MANAGEMENT SYSTEM

Abstract

A vessel shop needs a stock availability management system to control inventory levels and make sure the correct materials and parts are accessible when required. The three main components of this system are usually Purchase and Sales, Stock Availability, and Reporting. Managers can follow the purchaseing process, from the purchase order to the processing of the money, using the Purchase and Sales module. Managers can watch source performance, keep tabs on inventory influx and outflow, and make sure that inventory levels are kept at their ideallevels with the help of this feature. The Stock Availability function is in charge of continuously checking product levels and making sure they are higher than predetermined limits. Features like inventory monitoring, stock notifications, reordering options, and reporting tools are included in this section. Managers can minimize the risk of stock-outs and downtime by keeping an eye on inventory levels to make sure the appropriate components and materials are accessible when required. Managers can access thorough data on inventory movements, trends, and patterns through the reporting tool. This section has features like slow-moving inventory analysis, inventory turnover, and planning tools. With the help of this tool, managers can pinpoint areas for growth, maximize inventory levels, and cut costs associated with having inventory. In a nutshell, a vessel shop's Stock Availability Management System is a crucial instrument for controlling inventory levels, lowering stock-outs, and ensuring that the appropriate components and materials are accessible when required. Managers can increase productivity, cut expenses, and boost customer happiness by using the Purchase and Sales, Stock Availability, and Reporting tools to streamline the purchase process, optimize inventory levels, and lower the risk of stock- outs and downtime. Key Words: Vessel Shop, Stock, Sales Employee