Inventory Configuration

Inventory management system is used to track the Inventory levels, Product requisition, Inventory Transactions in a smooth way

Roles

Inventory Admin

Path

Configuration » Inventory Configuration

Terminology Used

Base Product - Highest type of Product hierarchy E.g. Stationary, Plumbing, Electrical etc…

Requisition Type – It is used to identify the base product is going to use as Asset or Inventory

Account Head – It is used for depreciation calculation in Accounting.

Input Needed

Product Type

Account Head

Depreciation Percentage

Life of Product

Functionality

- User can add the New Base product E.g. Stationary, Electrical, Plumbing etc…

- Base Products details can be viewed. User can check Inventory of each product, for e.g. Stationary count and how much amount of investment on Stationary has been made, and what is the total current value.

- Existing base product details can be edited.

- User can view purchase details.

- User can map account head with base product.

Screen Shots / Steps

Inventory configuration

Add new product type

Edit Product Type

View Product details