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Wizmen Inventory Features
1. WIZ-ERP Inventory Features 131 - Ali Block, New Garden Town, Lahore - Pakistan. Voice # +9242-35886651 – +9242-35845570 - 71 Cell # +92321-9416 913 Website: www.wizmen.net Email: nadeem@wizmen.net
2. WIZ-INV – Overview WIZMEN Inventory Control System Demand Goods Receipts Store Adjustment Purchase & Accounts Payables Inventory Store Raw Material Finished Production RMA Outward Issue Return Goods Issue Dept. & Cost Center Goods Transfer Production Delivery Challan A/R RMA Inward
3. WIZ-INV – Item Creation By using the standard feature of Key Flex Fields, items are defined with all details This example is showing definition of a store item having 9 segments
4. WIZ-INV – Item Creation By using the standard feature of Key Flex Fields, items are defined with all details This example is showing definition of a store item having 9 segments
5. WIZ-INV – Matching Documents Multiple types of document matching facility is available in the system. Matching option gives users seamless control over documents and no document can be generated without it’s reference document. 3-way and 4-way matching is available in the system Matching is the process of referring any prior process’s entry Demand is entered in the system as the source document Purchase Order can be fed only against balance Demands GRN can be received only against balance Purchase Orders Inspection is performed for the received items Purchase Invoice has the option to be fed only and only for Inspected items Payments can be made against balance Purchase Invoices RMA Outward is fed against the GRN for quantitative return of goods to supplier Purchase Return is fed against the balance RMA Outwards for financial effect of returned goods
6. WIZ-INV – Demand Demand is raised from the department at mill site and this Demand is fed in the system with details of Priority and Required Date
10. WIZ-INV – Loading Challan At times intimation is sent from Head Office to mill site about the goods traveling towards mill site, this process uses the Purchase Order lines.
13. WIZ-INV – GRN Goods are received at mill site against balance Purchase Order After Receipt of Goods at mill site, Inspector inspect the things and post his comments on Inspection Form
19. WIZ-INV – Store Issue Note Store issue is initiated by Store Keeper after Goods are received in Store. It is a quantitative document which is fed against DEMAND/Requisition lines.
22. WIZ-INV – Store Return Note Store issue return is initiated by Store Keeper after Goods are returned by Internal Departments. It is a quantitative document.
25. WIZ-INV – Internal Inventory Transfers Internal Transfer Note is fed in order to move stock with in an organization due to following reasons: 1- Transfer From one Physical Location to Other 2- Transfer From one Godown to Other 3- Transfer Within a Godown, From one shelf to Other
27. WIZ-INV – Adjustments Inventory Adjustment Note is fed in order to +/- adjust stock with in an organization. Adjustments can be used in case the Inventory Items are lost due to Theft / Disasters etc.
33. WIZ-INV – Inventory Planning 1- Minimum Stock Level 2- Maximum Stock Level 3- Stock Reorder Level Based on a company policy, Users can Setup Inventory Item & Unit wise limits for following: These limits are user definable and can be updated by authorized users at any time.
37. WIZ-INV – MIS Reports 1- Dead Stock. 2- Slow Moving 3- Purchased but not Used. Based on a company policy, Users can Setup as many templates as they want for the following reports. These templates are generic and can be updated by Authorized Users at any time.
40. WIZ-INV – MIS Reports 3- Purchased but Not Used Items
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42. WIZ-INV – Inventory Statement Generator 1- Consumption Summary (Developed by MIS user through ISG) As per following criteria the user want to see Consumption Summary with Department & Machine Type wise
43. WIZ-INV – Inventory Statement Generator Consumption Summary output as per criteria given on previous Slide
44. WIZ-INV – Inventory Statement Generator Same Consumption Summary can be viewed for Unit & Department wise:
45. WIZ-INV – Inventory Statement Generator 2- Stock Report (Developed by MIS user through ISG)