Key Features of WrkPlan’s Inventory Management System
- Real-Time Stock Tracking
- Multi-Warehouse Management
- AI-Driven Forecasting & Reordering
- Barcode, RFID & IoT Integration
- Smart Procurement Integration
- ERP-Based Financial Reconciliation
Why WrkPlan for Inventory Management?
WrkPlan goes beyond traditional stock tracking. Powered by AI and integrated with accounting, procurement, and manufacturing modules, it offers:
Intelligent Insights with WrkPlan’s Advanced Reporting
Make data-driven decisions with comprehensive reports that analyze inventory performance, stock trends, and procurement efficiency.
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Inventory Performance Report
This report identifies high-performing and underperforming inventory items. By analyzing turnover rates and year-over-year growth, it helps in optimizing inventory levels, reducing excess stock, and improving overall management efficiency.
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Stock Level Report
It offers detailed insights into current stock levels, including in-hand and allocated stocks. Features like reorder alerts and sales velocity estimation help anticipate stockouts and maintain optimal inventory levels, ensuring smooth operations.
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Dispatch Note Register
This report provides a comprehensive view of all warehouse shipments, including dispatched stocks, customer details, and vendor documentation. It streamlines the dispatch process and ensures accurate tracking of inventory as it exits the warehouse.
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Item Price List Report
Access real-time pricing data for individual items. This report helps analyze price trends from previous transactions, aiding in informed decision-making for pricing strategies and improving profit margins.
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Inventory Stock Valuation Report
Offers precise calculations of stock quantities and values across different warehouses. It provides real-time data on stock movements, cost prices, and out-of-stock balances, ensuring accurate financial records.
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Multi-Warehouse Stock Records
Manages and monitors stock levels across multiple warehouses, offering a clear overview of remaining quantities. It helps optimize storage space and improves inventory distribution across locations.
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Sale and Purchase Register
Records all stock transactions, including bills and vendor details, within a specified period. This report aids in stock flow analysis and ensures accurate reconciliation of inventory and financial data.
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Stock Ageing Report
Analyzes the lifecycle of each inventory item, helping identify slow-moving items and assess shelf life. It supports data-driven decisions by comparing inventory performance against industry standards.
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Vendor Wise Stock Register
Provides insights into stock quantities purchased or reordered from each vendor. This report helps in assessing vendor performance, managing suppliers effectively, and improving overall procurement strategies.
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Sign Up Now !Testimonials
Nitesh Patel
Account Manager
The WrkPlan team knows how to keep their promises. We asked them for a few customizations and they did it within just a few days. Now my teams can easily manage taxes without any issues.
Divya Teja
Project Manager
The product quality is consistently outstanding, exceeding my expectations every time I ask for development,I am completely impressed with the service and Response. The Best App .
Neha
Deputy Manager HR
Thank you to the team WrkPlan for your patience and professionalism. We have worked with them to set up a cloud-based ERP on our premises and they executed it within a stipulated time frame. WrkPlan Team is always quick to reply and provide good support!
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Frequently Asked Questions
How WrkPlan inventory management software for small businesses can help in inventory and order management?
WrkPlan is a SaaS-based online inventory management software that provides easy-to-use tools for efficient warehouse management. It efficiently manages and eliminates potential inventory risks such as theft, damage, and expiration. Its high accuracy and speed provide real-time information on stock shelf life and enable small businesses to scale effectively.
Why cloud-based inventory management software is better than old spreadsheets?
Cloud-based inventory software surpasses traditional spreadsheets in terms of speed, accuracy, and data security. Online inventory solutions centralize all inventory data on a single platform,eliminating the need to search for scattered data. They offer real-time insights and automate manual tasks to reduce human errors and enhance overall productivity and efficiency.
How can WrkPlan help my logistics business?
WrkPlan logistics management software offers you a versatile set of tools to streamline your logistics operations. With WrkPlan, you can seamlessly monitor multiple warehouses from one platform, giving you detailed insights into stock levels, and optimizing your supply chain management for better demand forecasting and order fulfilment.
How does stock management software improve accuracy in inventory tracking?
WrkPlan inventory tracking system utilizes advanced technologies like barcode scanning and automated data entry to minimize manual errors. This ensures high accuracy in managing stock levels and can give clear insights to prevent stockouts or overstock situations.
How does the warehouse management system help prevent stockouts and overstock situations?
WrkPlan's warehouse inventory monitoring software offers real-time updates and notifications for low inventory or overstock situations. This helps prevent stockouts and overstock scenarios, enabling timely reorders and maintaining optimal inventory levels to meet demand.
What are some common inventory management threats?
Common inventory management challenges include inaccurate demand forecasting, shelf life expiration, inventory theft, stock damages, and more. WrkPlan's user-friendly inventory management software efficiently addresses these issues, providing cost-effective solutions.
How secure my inventory data are with WrkPlan?
WrkPlan is a cloud-based inventory management software hosted by AWS Cloud Security, enhancing your data security protocols and providing better control over your inventory data. AWS centralizes your inventory data, making it easily accessible while ensuring data security.
How can WrkPlan warehouse and inventory tracking software streamline supply chain management?
With WrkPlan easy inventory management software you can easily streamline your supply chain. WrkPlan offers you real-time visibility, and control over your entire supply chain, optimizes inventory level, and minimizes manual errors to boost your supply chain and handle demands.
Does the WrkPlan inventory system have an SKU generation tool?
WrkPlan provides an easy-to-use SKU generation tool for generating SKU numbers for any specific item or item range.
How can I enable the batch tracking feature in WrkPlan?
Using batch reports, you can utilize the batch tracking feature in WrkPlan.
How can I add the serial number to an item in WrkPlan inventory software?
Whenever a new shipment arrives, you can add the serial number for that shipment.
Can I add or delete items in bulks?
Yes, you can. WrkPlan enables users to add or delete items in bulk easily.
Can I track my inventory by batch number, location or expiry dates?
WrkPlan allows you to track your inventory by batch number, warehouse locations, or item expiry dates in the inventory reports.
Can I customize my inventory reports in WrkPlan?
Yes, you can customize your inventory reports based on your specific business requirements.
Can I manage my inventory for multiple warehouses?
With the WrkPlan inventory management system for warehouses, you can efficiently monitor multiple warehouses and access detailed reports for each warehouse in the warehouse overview report.
Can I move inventory stocks from one warehouse to another warehouse?
Yes, offers an inter-warehouse stock transfer facility, allowing you to move stocks from one warehouse to another within the system.
Are drop shipment facilities available in WrkPlan?
Yes, WrkPlan enables the drop shipment facility, allowing direct delivery of goods to your customers. You can change your shipment method to enable this feature.
What industries does WrkPlan serve?
WrkPlan is a comprehensive inventory solution suitable for businesses of all sizes and industries.
How WrkPlan can assist in reducing inventory costs?
With WrkPlan's inventory management system, businesses can reduce inventory expenses by inventory in real-time, accurately forecasting demand, and optimizing inventory levels. This minimizes costs associated with overstocking or stockouts, such as storage fees, product wastage, and lost sales. WrkPlan enables data-driven decisions on restocking, purchase quantities, and inventory storage to further minimize costs.