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Stock


Stock management refers to the processes and functionalities that oversee the flow of inventory within a business. Effective stock management ensures that the right quantity of products is available at the right time, minimizing costs and meeting customer demand efficiently.







Inventory tracking


Inventory tracking refers to monitoring and managing the quantities and movements of goods within a company's supply chain. Effective inventory tracking ensures that businesses maintain optimal stock levels, reduce carrying costs, and efficiently meet customer demand.

Inventory transactions in the LANA ERP system are crucial for maintaining efficient inventory control, ensuring accurate stock levels, and streamlining order processing. This report outlines the key aspects of inventory tracking, stock level management, and order processing within the LANAERP system to enhance operational efficiency and reduce costs.





Item Management


An item in a LANAERP system represents any tangible or intangible asset that a company manages, including raw materials, finished goods, consumables, and service-related items. Proper item management within an ERP system is essential for ensuring smooth operations, optimizing inventory levels, and streamlining procurement and sales processes.


The Item Master is the central repository for all item-related information.


It contains critical details such as:


● Item Code – A unique identifier for each item.

● Item Description – Name and specifications of the item.

● Item Category – Classification (e.g., raw material, finished product, consumable).

● Unit of Measure (UoM) – Defines how the item is measured (e.g., pieces, kilograms, liters).

● Supplier & Manufacturer Details – Links to suppliers and production sources.

● Cost & Pricing Information – Includes purchase price, selling price, tax rates, and discounts

● Storage Details – Information on warehouse location, bin assignments, and storage conditions





Stock Transactions


Stock transactions in an ERP system refer to any movement, adjustment, or transfer of inventory within the system. These transactions ensure that inventory levels remain accurate, supporting efficient supply chain management, order fulfillment, and financial reporting.





Material Receiving


Material receiving in a LANAERP system refers to the process of recording and managing incoming goods from suppliers. This step ensures that received materials are correctly documented, inspected, and stored in the inventory for further use in production, sales, or distribution.





Material Issue


Material Issue in a LANAERP system refers to the process of withdrawing raw materials, spare parts, or consumables from inventory for production, maintenance, or project use. It ensures accurate stock tracking, cost allocation, and operational efficiency.





Material Transfer


Material transfer in an ERP system refers to the movement of inventory items from one location to another within an organization. It ensures accurate stock tracking, maintains real-time inventory records, and supports seamless operations across multiple warehouses, plants, or departments.





Reports and Analytics


Inventory management in an ERP system relies on accurate stock level tracking and real-time valuations to optimize operations. These reports help businesses maintain the right stock levels, prevent shortages or overstocking, and determine inventory value for financial reporting.





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