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