Efficient consumable inventory management helps businesses reduce waste, optimize costs, and ensure smooth operations. Some of the key challenges include dependable supply chain management, tracking usage pattern and predict future needs. Proper management of these inventories enhances efficiency and profitability.
INFOMAN eDMS PO module addresses key challenges and offers simple solution –
Avoid Stock Out / Overstocking : Purchase managers can access real time stock information to take timely action regarding purchase to avoid Stock Out / overstocking of items at multiple locations.
Fine tuning of the Procurement Policy – Well defined purchase authorisation guidelines related to approved Vendors, negotiated rates prevent unnecessary spending.
Building Reliable and cost effective supply chain – monitor order accuracy, pricing trends & timely delivery to identify reliable suppliers and get competitive pricing to reduce cost.
Cost Control – Ensure items are procured from approved suppliers at pre-approved / negotiated rates with terms and conditions most suitable to minimise storage cost and waste.
Maximum utilisation of consumable inventory – Compare consumption Vs Available stock at each location to check usage pattern and optimise stock levels.
Timely Delivery : Track pending purchase orders aggressively to ensure timely deliverable.
Real-Time Order Reconciliation: Reconcile physically received items with ordered items in real-time and make payments for received items only. Upload scanned copy of the purchase bill.
Validation of issued items: Get OTP validation of items from receiver to get confirmation of items issued.
Monitoring Key Metrics – Management gets real-time MIS reports, including vendor-wise business performance and location-wise consumption to streamline operations .
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Contact our experts for a FREE demo of the product, to learn more about how our Purchase Order Solution can help you overcome challenges and deploy effective consumable inventory management strategy!
INFOMAN eDMS – Automobile Industry – ACS Infotech – Enable Automobile Dealership Automation