26. TIS reduces the inventory cost for tools, consumables and raw materials by closely monitoring Stock Card , Movement , Location , Consumption - Machine Wise, Operator Wise, Job Wise, Date to Date and Purchase Detail . Every Data Captured by TIS is valid and useful information for the Management, Engineers and Operational staff to analyze stock of instruments and tools at any point of time. This will help the engineering units to identify pilferage and thereby facilitate cost reduction. TIS is a very useful system to implement "Six Sigma". Benefits Improves Organization Efficiency and Profitability
27. Purchase Order (PO) creation & tracking of ordered items and receivables SMS & e-mail notifications to purchase department during delay in goods delivery Comparison of material price offered by different suppliers Avoiding duplicate & excess purchase thereby reducing inventory costs Timely Alerts for ROL helps to manage essential spares which avoids unnecessary machine down time Benefits
28. Thorough Consumption analysis helps costing for jobs Avoids manual error & provides accurate stock level anytime Calibration alerts avoid last minute work during audits Tracking & monitoring of all customer supplied items as well as items that go out of premises Timely SMS alerts on tool failures help analyze reasons Avoids malpractice by bringing management’s attention and best practices Benefits
![Contact : Kanagaraj Duraisamy Phone : +91 44 2433 8455 Mobile : +91 95000 90626 Email : [email_address]](https://image.slidesharecdn.com/paindentpoinventorytrackingsystem-12614778871243-phpapp01/85/PA-Indent-Po-amp-Inventory-Tracking-System-1-320.jpg){kind=tracking}
![Standard tools like Tally and Focus are already available Accounts ,[object Object],[object Object],[object Object],[object Object],[object Object],Production Accounting, Planning Indent, Purchase & Store Manufacturing companies challenges](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)