SYCARDA Inventory Management Tool

Features:

SYCARDA Inventory Management’s insights and features include:

Quantity Alerts
Tools to automate purchase orders
Instant valuation of on-hand inventory by Store Keeping Unit (SKU)
Tools to improve inventory coordination between HQ and outlets
The ability to calculate Build of Materials (BOM)

Sample Insights and Tools

Quantity Alerts

Quantity Alerts lets you know when your inventory levels are falling too low, out of stocked, or near to reorder levels by Outlet.

This powerful report helps you to actively plan, manage and monitor your inventory anytime, every time.

On-hand Valuation

A useful report to help you manage any business risk where it helps you determine the value of the on-hand quantity of each item and consider insurance protection of the value of the on-hand valuation.

Transaction Movement

This report allows you to check all transactions made by SKUs in the period you select. With this, you will have access to information of input, output, returns, purchases, sales, profit, and inventory.

Item Usage

This report shows you movement of your inventories. You can use Item Usage Report to get a quick glance at the information related to inventory items. It helps you to plan the inventory movement for your outlets.

BOM Explosion

The BOM Explosion report displays the bill of material for a finished product. This report view help better manage cost of consumed raw material by identifying expensive raw materials, thus increasing the Gross Profit.

BOM Implosion

The BOM Implosion report shows you how fast raw materials are being consumed and the finished products that are contributing to the fast usage of raw materials. It helps you to plan, manage and forecast on raw materials to effectively push profitable finished products, hence increasing sales.

On Hand Consumption

This report shows you how On Hand Consumption report is used to determine how quickly your Outlet consumes the average inventory available on hand.

This report shows the liquidity of your outlets, where low On Hand Consumption indicates that it takes a short period to clear inventory, hence the outlet is performing well with healthy sales transactions.

8.1.9 Inventory Reports On Hand Consumption

Gross Profit

This report shows Outlet profitability by reviewing Gross Profits and Cost of Goods Sold. Gross profit is determined by subtracting the cost of goods sold (COGS) from Revenue (Sales). The information gives you insights when negotiating with your suppliers, in return, increases Gross Profit for your outlet.

Approval Hierarchy

Every business needs a control for amount spent on Purchased Items.

Use an Approval Hierarchy to define which employees can approve Requisitions of certain amounts. The Approval Hierarchy mimics your organisation hierarchy.

Create Req. Order

Request Order is a shopping list.

The requestor can utilize this form to make a list of requested items. And then add or delete items from that list of requested items.

This list will be used to place an order with Procurement Officer / HQ.

Assign Req. Order

Requisitions are normally created by a Procurement Officer or someone in HQ.

This form allows you to group Requests from multiple sources and assign them to a Vendor.

Only people who have authorization to assign a requisition to a vendor will have access to this form.

PO Dashboard & Delivery Order

Use PO Dashboard to manage Requisitions, POs and the Approval Cycle.

Inventory Transfer

Inventory Transfer move items from one Location to Another Location.

An inventory transfer creates 2 material transactions. A Misc receipt that increases the On-hand Quantity of an item at one location. And a Misc Issue that decreases the On-hand Quantity of an item at another Location.