The document discusses the key features and modules of ERP software. It is presented by Jayant Sharma, Shalu Agrawal, Anil Gabel, and Sachchidanand. ERP stands for Enterprise Resource Planning and uses software to integrate departments like sales, marketing, finance, and HR. The ERP inventory module maintains appropriate stock levels and facilitates processes like replenishment and stock management. It covers functions like receipts, issues, dispatches, and quality control. The inventory module also provides features like item master files, purchasing facilitation, and inventory status reporting.

1. Presented by
Jayant Sharma
Shalu Agrawal
Anil Gabel
Sachchidanand

2. What is ERP
ERP is the acronym of Enterprise
Resource Planning. ERP utilizes ERP
software applications to improve the
performance of organizations' resource
planning, management control and
operational control. ERP software is multi-
module application software that
integrates activities across functional
departments, from product planning, parts
purchasing, inventory control, product

3. Functional Modules of ERP Software
 ERP Sales Module
 ERP Market in Module
 ERP Financial Module
 ERP HR Module

4. ERP INVENTORY
CONTROL MODULE
ERP Inventory module facilitates
processes of maintaining the appropriate
level of stock in a warehouse. The
activities of inventory control involves in
identifying inventory requirements, setting
targets, providing replenishment
techniques and options, monitoring item
usages, reconciling the inventory balances,
and reporting inventory status. Integration
of inventory control module with sales,

5. Conti….
ERP inventory module covers all stock
related functions of an organization. Stock
management and valuation activities,
which form the backbone of any
organization generally, take a lot of time
and resources. Inventory handles all the
store activities of issues, dispatches,
receipts and quality control. The lot wise
stock of each item is maintained and
various MIS are provided for tracking stock

6. Features of Inventory Module:
 Maintain an item master file for the company
 Process the inventory within the company
 Facilitate purchasing
 Provide adequate online inquiry and
management reporting capabilities
 Online status of item quantity in terms of on-
hand, on-hand, available, reserved, ordered, to
order, rejected, defective and rework able
quantities.
 Multiple levels of classification of items

7. Conti……..
 Handling Material Rejections
 Gate pass – returnable/non returnable
 Analysis which help in maintaining
optimum stock levels
 Physical verification of stock
 Reallocation of reworkable stock
 Multiple warehouses/branches/regional
offices

8. Conti……….
 Stock transfer – receipts from other
warehouse
 Alternate items for Production Planning
 Handling of non-stock low value items like
stationery
 Lot wise tracking of inventory at shop floor
and main stores
 Stock Valuation – LIFO/FIFO/weighted
 Material Requisition from different