Maintaining Multiple Godowns- The Smart Way

8950 reads

For a company with multiple godowns, keeping a track of materials and their movement is quite a challenge. Many times, a company keeps materials belonging to suppliers or third parties in its godown. This not only makes the material-list longer but complicates the overall management process. Then again, a company will also have some of its materials lying in other business party’s godown for Job Work purpose. In such cases, a company still needs to have those items reflecting in its book of accounts. So, as a business grows, godowns could serve as storage places for your company’s own stock items and for other parties’ stock items as well.

A flexible and powerful solution is much needed for inventory intensive businesses as it helps in running a hassle-free management process for multiple godowns and stock items. It helps in controlling the movements of materials between the godowns and it provides clear visibility of the stock items lying in all its godowns any time. This way, a company can make sure that managing stock items in multiple godowns is almost identical to working with a single godown.

A good godown management system allows a company to get instant information about a specific stock item. Furthermore, it provides a real-time stock summary report. A distributor can reap the benefits from these options. For example, when a customer in Delhi orders goods from a Bangalore based distributor, the distributor can just check the availability of the goods in Delhi’s godown using its Godown management system. Using this real time information, the distributor can ship the product right from Delhi or any other godown close to Delhi where the item is available. This also proves that, a godown management solution is a very effective decision-making tool for any business. In short, it can be the driving force behind a business’ growth in terms of money, effort and time.

Choosing the right godown management solution can be quite a task, but knowing exactly what your business needs are, can make the process a breeze. Tally.ERP 9 is one powerful application that can help you handle multiple godowns with utmost simplicity. It provides clear visibility of how many items belonging to other parties are lying in your godown and how many of your stock items are lying in other party’s godowns. Hence, you can track and manage different stock items in multiple godowns without much effort and with hundred percent accuracy.


Authored by : Laldinfela Pachuau


vnbhattacharya's picture

NARCOS and the game beyond the game

A critical aspect of strategic thinking is the ability to determine one's strategy in the game at hand by anticipating games in the future. It is especially important to foresee games that may be spawned by playing the game one is offered now.Such
sethgodin's picture

Big crew/little crew

Software projects work better with small teams. On the other hand, it makes sense to have multiple teams of workers if you're paving a patch of highly trafficked highway. Three reasons: Coordination Learning Ramp up time As we learned from... 
johnsullivan's picture

You’ll Soon Need a Digital Labor Specialist and a Workforce Shaper

Not all your employees will be replaced by robots, but it’s highly likely they’ll be working side-by-side with an automated device at some point in their careers. As intelligent automation becomes more common in the workplace, businesses are
mashable's picture

These extremely good Google Maps features that everyone definitely wanted are finally sort of available

For all of you who've been holding your breath this past month, it's finally time to exhale: On Tuesday, Google rolled out some of the hotly anticipated new Maps features the company announced in May. And by "rolled out," we mean "some people
johnsullivan's picture

Ready or Not Here Comes Generation Thumb

Talking about millennials in the workforce is so yesterday. Time now to start preparing for Gen Z, or, as Chad Norman calls them, Generation Thumb. This is the generation born after the turn of the century. They’ve never known a...
harvardbusinessreview's picture

When India Killed Off Cash Overnight

Bhaskar Chakravorti, the dean of global business at The Fletcher School at Tufts University, analyzes the economic impact of India’s unprecedented demonetization move in 2016. With no advance warning, India pulled the two largest banknotes from
sethgodin's picture

The jerk fallacy

There’s a common misperception, particularly in media, business and politics, that being a jerk is a necessary ingredient on the way to becoming and staying successful. But there’s no data to support this. Sure, some people succeed despite being
johnsullivan's picture

New to the Profession of Recruiting? Time to Get Comfortable With Being Uncomfortable

If you’re a seasoned and successful recruiter, chances are you have fine-tuned your skills over the years by going through a gauntlet of stressful, maddening, or even downright demoralizing work days. Most of my fellow recruiters and sourcing
cryptocurrency's picture

Jack Ma: Bitcoin Bubble is Real and Blockchain is the Future

 Jack Ma Bitcoin Bubble: Yet another well-known figure has come forward to express his thoughts on the cryptocurrency sector. The figure, who is Jack Ma, spoke specifically of Bitcoin (BTC) — and his thoughts weren’t exactly in favor of