Ronak Inventory

Ronak – Inventory Management Process

1. Item Master & Setup

• Define
  products/services with SKU, description, category, and unit of measure.


• Configure
  pricing, tax, reorder levels, and storage location.

2. Purchase & Goods Receipt

• When
  goods are purchased, a Goods Receipt Note (GRN) is created.


• Stock
  automatically updated in inventory.


• Quality
  check performed before final acceptance.

3. Stock Management

• Maintain
  real-time stock visibility (by warehouse, batch, or lot).


• Automatic
  alerts for low stock (reorder level).


• Support
  for stock transfers between branches/warehouses.

4. Sales & Dispatch

• On
  customer sales, stock deducted automatically.


• Delivery
  Challan/dispatch note generated.


• Integration
  with sales module for seamless order-to-delivery flow.

5. Inventory Adjustments

• Record
  stock losses (damage, expiry, theft).


• Perform
  stock adjustments after physical verification.

6. Warehouse & Bin Management

• Multi-warehouse
  management.


• Bin
  location tracking for faster picking/packing.


• FIFO
  / LIFO / Batch tracking as per business rules.

7. Reporting & Analytics

• Stock
  valuation report (FIFO, Weighted Average, Standard Cost).


• Fast-moving
  / slow-moving items analysis.


• Reorder
  and consumption reports.