VRS Inventory Software is inventory software that designed specially to meet the requirements of small and medium sized enterprises (SME), such as computer stores, departmental store, general store, bookstore, boutique, shoe store, antique store, grocery store, retail stores, online shopping malls or home business etc.
Web- http://vrssoftwares.com/RetailSoftware
Contact us- +91-8286779827
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VRS Inventory control management software presentation
1. Welcome To VRS Inventory Control &
Management Software
Web- www.vrssoftwares.com
2. INTRODUCTION
Inventory-A physical resource that a firm holds in stock
with the intent of selling it or transforming it into a more
valuable state.
Inventory System- A set of policies and controls that
monitors levels of inventory and determines what levels
should be maintained, when stock should be replenished,
and how large orders should be placed.
3. Items carried in inventory can be
Raw materials
Purchased parts
Components
Subassemblies
Work-in-process
Finished goods
4. Reasons for keeping Inventories
To stabilise production
To take advantage of price discounts
To meet the demand during the
replenishment period
To prevent loss of orders(sales)
To keep pace with changing market
conditions
5. Objectives and Benefits
Inventory control aims at keeping track of
inventories. In other words, inventories of
good quality and right quantities should be
made available to different departments as
and when they needed.
9. TYPES OF INVENTORY MODELS
Simple EOQ model
EOQ model with stock outs
allowed
Inventory model under risk
10. SELECTIVE CONTROL OF INVENTORY
Selective control refers to the variation in method of
control from item to item on some selective basis.
Many criteria used for this purpose are
Based on the cost of product
Lead time
Usage rate
Procurement difficulties, criticality, frequency of
usage
11. SELECTIVE CONTROL OF INVENTORY
ABC analysis
VED Analysis
Material requirements planning (MRP)
12. CONCLUSIONS
Careful classification of your inventory, and
continuing analysis of those classifications, can play
a vital role in maintaining cost at the efficient levels
you have established as your goals
Inventory control is a constant requirement of doing
business successfully.
13. Get in Touch With us
VRS SOFTWARE
Web- www.vrssoftwares.com
Address- 317 Navkirti Premises,
Opp Railway Station, Bhayander(E),
Thane-401105.
14. Follow us on
Facebook:- https://www.facebook.com/vrssoftware
Twitter:- https://twitter.com/VRSSoftwares
Google+ :-
https://plus.google.com/100295710390864574648/
Linkedin:-
https://www.linkedin.com/company/vrs-software