Stock & Inventory Management
Optimize your inventory processes with LAM POS software, designed to provide comprehensive stock and inventory management features. These tools ensure you maintain accurate stock levels, reduce waste, and improve overall efficiency. The inventory module handles everything from stock tracking to detailed reporting, helping you manage your business effectively.
Stock Level Management
Keep track of your inventory levels in real-time. This feature updates your stock quantities automatically as sales and purchases occur, ensuring you always have an accurate view of your inventory. It helps prevent overstocking and stockouts by maintaining optimal stock levels.
Inventory Categorization
Organize your inventory into categories for easier tracking and management. This feature allows you to sort products by type, department, or any other classification that suits your business needs, making it simpler to locate and manage items.
Low Stock Alerts
Receive notifications when inventory levels fall below a predefined threshold. This feature helps you reorder products in a timely manner, ensuring you never run out of essential items and can meet customer demand consistently.
Stock Transfer Management
Easily transfer stock between different locations or stores within your business. This feature keeps track of stock movements, ensuring accurate inventory counts across all locations and improving the efficiency of your supply chain.
Goods Receiving
Record and verify incoming stock with the Goods Receiving feature. This tool allows you to match received items against purchase orders, check for discrepancies, and update inventory levels accurately. It ensures that only approved and correctly received goods are added to your stock.
Inventory Audits
Conduct regular inventory audits to maintain accuracy. This feature supports physical stock counts, allowing you to compare actual stock levels with recorded quantities and make necessary adjustments. It helps identify discrepancies and prevent inventory shrinkage.
Batch and Serial Number Tracking
Track inventory using batch or serial numbers for greater accuracy. This feature is essential for businesses that deal with products requiring precise tracking, such as pharmaceuticals or electronics. It helps in managing recalls, warranties, and expiry dates efficiently.
Inventory Valuation
Determine the value of your inventory with various valuation methods like FIFO, LIFO, or weighted average. This feature helps you assess the financial worth of your stock, aiding in accurate financial reporting and decision-making.
Detailed Reporting and Analytics
Generate comprehensive reports on inventory levels, turnover rates, stock value, and more. This feature provides insights into your inventory performance, helping you identify trends, optimize stock levels, and make informed business decisions.
Reorder Management
Set up automatic reorder points to streamline the replenishment process. This feature allows you to define minimum stock levels for each product, and the system will automatically generate purchase orders when stock falls below these levels, ensuring you always have sufficient inventory.
Stock Adjustment
Make manual adjustments to inventory levels as needed. This feature lets you update stock quantities to account for damaged goods, returns, or other discrepancies, ensuring accurate inventory records.
Report
Stock & Inventory Reports
LAM POS software provides a comprehensive suite of stock and inventory reports to help you manage your inventory effectively. These reports offer detailed insights into your inventory levels, movements, and valuation, enabling you to make informed decisions and maintain optimal stock levels.
Aged Account Payable Report
This report provides a list of unpaid or unsettled vendor invoices, organized by vendor category. It helps you track overdue payments and manage your accounts payable efficiently.
Vendor Ledger
The Vendor Ledger report displays all transactions for selected vendors within a specified date range. It gives a detailed view of purchases, payments, and adjustments made with each vendor.
Vendor Balances Report
This report lists the balances of all vendors, categorized by vendor type. It helps you see how much you owe each vendor and manage your payables accordingly.
Purchase Invoice Report
The Purchase Invoice Report shows all purchases made by your business, itemized by the vendor. This report helps you keep track of all purchase transactions and verify invoice details.
Vendor Payment Report
This report shows all payments made to vendors, whether they are allocated to specific invoices or not, filtered by vendor within a specific date range. It helps you monitor payment status and manage cash flow.
Vendor Refund Report
The Vendor Refund Report lists all refunds issued by vendors, showing whether they are allocated to invoices, returns, or payments, filtered by a specific date range. It helps you track returned goods and manage refunds efficiently.
Product Purchases Report
This report provides a list of all goods purchased, organized by product category. It also displays the average cost of each product, helping you analyze purchasing patterns and manage inventory costs.
Purchase Return Report
This report provides a list of all goods purchased, organized by product category. It also displays the average cost of each product, helping you analyze purchasing patterns and manage inventory costs.
Goods Receiving Report
The Goods Receiving Report provides information about all products received at a location within a specified date range from vendors. It helps you verify incoming stock against purchase orders, track delivery accuracy, and update inventory levels.
Purchase Return Report
This report details products or services returned to vendors, including the date range and any associated return transactions. It helps you manage and track returned items and ensure accurate inventory records.
Purchase Invoice Detail Report
The Purchase Invoice Detail Report offers a detailed summary of all invoices, including the products or services associated with each invoice. It helps you verify invoice details and ensure accurate billing.
Purchase Order Detail Report
This report provides a detailed summary of all purchase orders, including the products or services associated with each order. It helps you track the status of orders and manage supplier relationships effectively.
Purchase Order Report
The Purchase Order Report shows all purchase orders placed by your business within a selected period, for all or specific vendors. It helps you monitor order activity and manage procurement processes efficiently.
Stock Level Report
The Stock Level Report provides a snapshot of your current inventory levels. It displays the quantity of each item in stock, helping you monitor stock availability and ensure you have sufficient quantities to meet customer demand.
Inventory Categorization Report
This report organizes your inventory by categories, such as type, department, or any other classification you use. It helps you analyze stock distribution across different categories and identify areas that need attention.
Low Stock Alert Report
The Low Stock Alert Report lists items that have fallen below their predefined reorder points. It helps you prioritize reordering tasks and prevent stockouts by highlighting products that need to be replenished.
Stock Transfer Report
The Stock Transfer Report tracks the movement of inventory between different locations or stores within your business. It provides details of transferred items, quantities, and dates, ensuring accurate tracking of stock movements.
Inventory Audit Report
The Inventory Audit Report supports physical stock counts by comparing actual stock levels with recorded quantities. It helps identify discrepancies, ensuring accurate inventory records and preventing shrinkage.
Batch and Serial Number Tracking Report
This report tracks inventory using batch or serial numbers, essential for managing products that require precise tracking, such as pharmaceuticals or electronics. It helps in managing recalls, warranties, and expiry dates.
Inventory Valuation Report
The Inventory Valuation Report determines the value of your inventory using methods like FIFO, LIFO, or weighted average. It helps assess the financial worth of your stock, aiding in accurate financial reporting and decision-making.
Inventory Turnover Report
The Inventory Turnover Report provides insights into the turnover rates of your inventory. It helps you understand how quickly your stock is selling and identify slow-moving items that may require promotional efforts or markdowns.
Reorder Management Report
The Reorder Management Report helps you streamline the replenishment process by listing items that have reached their minimum stock levels. It ensures you always have sufficient inventory by highlighting products that need to be reordered.
Stock Adjustment Report
The Stock Adjustment Report details manual adjustments made to inventory levels. It provides information on quantities adjusted, reasons for adjustments, and dates, ensuring accurate inventory records.
Stock Aging Report
The Stock Aging Report categorizes inventory based on how long it has been in stock. It helps you identify old or obsolete inventory that may need to be discounted or cleared out to free up storage space.
Stock Tracking Report
The Stock Tracking Report lists products with their opening balances, in and out movements, and closing balances within a designated date range and product category. It helps you track stock flow and maintain accurate inventory records.
Low Inventory Report
The Low Inventory Report lists all products that are low in stock based on the minimum stock levels defined for each product. It helps you prioritize reordering tasks and avoid stockouts.
Product Ledger
The Product Ledger report lists all transactional activities of each product within a designated date range for each warehouse. It provides a detailed view of stock movements and helps maintain accurate inventory records.
Stock Adjustment Report
This report lists all transactions for products that need adjustments due to destruction, loss, or initial stock setup. It helps you keep track of inventory changes and maintain accurate records.
Stock On Hand Report
The Stock On Hand Report provides a summary of the stock of various items in your business. It gives you a snapshot of current inventory levels for better stock management.
Stock On Hand Report
This report provides a detailed summary of the stock of various items, including their value. It helps you understand the financial worth of your inventory and manage it effectively.
Stock Movement Report
The Stock Movement Report summarizes products moved from one location to another within your warehouses. It helps you track stock transfers and maintain accurate inventory records.
By utilizing these detailed stock and inventory reports, your business can maintain accurate inventory records, reduce waste, and improve operational efficiency. LAM POS software provides the tools you need to manage inventory effectively, from tracking stock levels to generating detailed analytical reports.