How to Manage Inventory using Accoxi.

Get the complete features of the Inventory Module in Accoxi.

Inventory

Inventory forms in accoxi

Effective inventory management not only helps in cost savings but also ensures the fulfillment of customer needs. Essentially, it facilitates efficient control over operational expenses. The foundation of any successful business lies in understanding your inventory—knowing what's on hand, the contents of your warehouse, and the proper management of the supply chain. ACCOXI offers diverse inventory forms to accurately account for all stock-related transactions.

ITEMS

The term "item of business" refers to any tangible or intangible entity, whether visible or invisible. This can include products or services offered for sale, encompassing physical items as well as those in virtual or cyber form. Every item incurs a cost during production or acquisition and is subsequently sold at a designated price.

STOCK TRANSFER

Stock transfer involves the movement of goods from one segment of the distribution chain to another. Internal purchase orders are generated for stock transfers between branches and warehouses. ACCOXI provides users with a Stock Transfer system, facilitating seamless transfers of goods between the Head Office, branches, or among branches.

STOCK ADJUSTMENTS

Stock adjustments empower users to increase or decrease the quantity of items listed as "In Stock" (refer to the Inventory list). Such adjustments are essential for events impacting stock levels, whether positive or negative, such as theft, fire, lost items, or gifts.

STOCK REORDER LEVEL IN ACCOXI

The reorder point signifies the inventory level prompting the need to replenish specific stock. It represents the minimum amount of an item held in stock, triggering a reorder when stock falls to this threshold. ACCOXI offers a Reorder Level system, enabling users to maintain optimal stock quantities and ensuring smooth business operations.

CATEGORY IN ACCOXI

Within ACCOXI, a category is utilized to designate the product category. Users can categorize products based on category names and numbers, providing organizational clarity. This feature is accessible and editable through the Inventory Module within ACCOXI.

BRAND IN ACCOXI

A brand distinguishes a product, service, or concept from others for effective communication and marketing. In ACCOXI, users can define and input brand information for the products they handle. Brand data can be entered within the item form and is viewable in the Inventory module of ACCOXI.

PRODUCT TYPE IN ACCOXI

Product type in ACCOXI allows users to classify products into different types. This categorization aids in organized storage and retrieval. ACCOXI enables users to enter and view product type data through its inventory module.

GROUP IN ACCOXI

ACCOXI incorporates a grouping feature that allows users to categorize products based on their groups. This grouping facilitates organized arrangements. Users can create and view groups within the inventory module of ACCOXI.

RACK IN ACCOXI

The rack feature in ACCOXI enables users to specify the rack name for a product, facilitating organized product placement. Users can create and view rack details within the Inventory Module under Rack.

GODOWN IN ACCOXI

In ACCOXI, GODOWN is employed to record details about the storage locations where products are housed. Users can store products in various godowns, and ACCOXI supports the entry and viewing of godown data through its Inventory Module.

UNIT IN ACCOXI

Unit functionality is vital in ACCOXI, particularly for businesses dealing with batch manufacturing of similar products. This sub-part of the inventory module encompasses various units for trading items.

SHELF IN ACCOXI

The shelf feature in ACCOXI allows users to input details about the shelf where a product is positioned. Users can organize products efficiently by creating and viewing shelf information within the inventory module.

BARCODE PRINTING IN ACCOXI

ACCOXI's barcode printing feature manages the creation and printing of barcode labels. Users can generate new barcodes, specify the required number of labels, and subsequently print them.

TRANSFER OF MATERIALS IN ACCOXI

The Transfer of Materials function in ACCOXI deals with manufacturing and packing activities. Users can convert raw materials into finished goods or split large quantities into smaller units. This function is accessible and editable within the inventory module.

ITEM REQUEST

An Item Request is an internal document used within a company to procure goods and services, including stock. This document provides specific details such as requested items, quantities, sources, and associated costs, aiding the purchasing department or manager in fulfilling the request.

RATE UPDATE IN ACCOXI

Rate Update, a crucial form within the Inventory module, allows users to modify or update the sales rates of products. This feature also facilitates effective sales management across different branches.

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