Dead Stock Register

Dead Stock Register keeps information of all the movable property of the Organization. While purchasing equipment or furniture, it must be duly entered in this property register. The head of the institution should check this register physically at least once in a year.

Roles

Stock Admin

Path

Stock register » Dead Stock Register

Terminology Used

Dead Stock – dead stock refers to the asset that doesn't sell and doesn't have a high likelihood of selling in the future.

BMO (Bill of Supply) - A bill of supply is issued in cases when a registered person is a supplier of exempted goods/services.

AMC – Annual Maintenance Contract

Write Off – It is accounting action that reduces the value of an asset.

Functionality

- Admin have the provision to update the all details like product name, Purchase details, Installation date, present condition, purchase year, supplier name, Quantity purchased, Bill number, Allocated infrastructure.

- Not allocated products will be shown in store’s stock.

- Admin can check the allocation statistics. Product can be shown type wise.

- Admin have the authority to issue the stock in Employee/Infrastructure name.

- Same way Admin can have the provision to transfer the stock.

- Admin have the access to write off the stock from the dead stock register.

- Admin can update the Warranty, Guaranty, Insurance, AMC details in the system.

- Admin can record or Check the transaction of the product.

- Admin can take initiate of transfer or issue the stock from on location to another.

- Admin can have the list of products under base product.

- Admin have the provision to configure the virtual Store in the system.

- System have the provision where admin can add new product from the UI or can upload the details using excel.

- Admin can have the access to check the location wise damage/unused products.

Screen Shots / Steps

Dead stock register