Maintaining Multiple Godowns- The Smart Way

7512 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


cryptocurrency's picture

YouToken Disrupts FinTech and Crowdfunding at 2018 Global Blockchain Forum

YouToken (YTN) presented their innovative blockchain-based crowdfunding platform to over 1,400 attendees at the 2018 Global Blockchain Forum in Santa Clara, California.Dozens of promising startups attended the event with YouToken leading the way in
Ron Kaufman's picture

The Six Disruptors of Customer Experience

UP! Your Service is a global education and consulting company. We help leaders and companies all over the world achieve two primary outcomes: First, improve your customer’s experience – to help you attract customers, keep customers, generate
businessstandard's picture

Programmatic is transparent, but post-delivery: Vertoz CEO Ashish Shah

 Start-ups take faster to programmatic than regular consumer product firms, Ashish Shah tells Vanita Kohli-KhandekarIs programmatic useful from a brand building perspective?If you have to buy space in Business Standard or Times of India for 30
davecrenshaw's picture

Why “ASAP” isn’t clear communication—and what to use instead

Recently, I found myself saying the very word I’ve cautioned others against using many times. Here’s what happened. I noticed something was wrong on my website, so I reached out to my project manager, John. John’s a reliable guy and I knew he could
vsquare's picture

10 Steps for Business to be successful | Startup Success Formula | Dr Vivek Bindra

From: By Dr. Vivek Bindra: Motivational SpeakerRecommended by: vsquare10 steps tor creating a successful business. You can use these steps to be successful. In this video, Dr Vivek Bindra outlines 10 revolutionary steps for business
jackcanfield's picture

Activating the Power of the Subconscious Mind

The untapped power of the subconscious mind can lead you to new success in your personal life and business life. Discovering how to turn your thoughts into positive and implementing the law of attraction into your daily life can take you to new
pradyumnanag's picture

How is it cheaper for Google to buy Groupon than internally build something like it?

 May be covered in some answers already by some fantastic answers.Just elucidating instead of replying on each of the posts. Though I may have my own personal reservations on the business model per se, they have been able to achieve something
changethis's picture

Willpower Is an Outdated Model of Success: Here’s the Future of Self-improvement

“It’s no wonder willpower has been placed under the media spotlight as essential to success. In a negative environment, willpower’s all we have left. It’s the life-raft, the backup parachute. And we’re depending on it to save our skins. It takes a
harvardbusinessreview's picture

How to Use Employee Referrals Without Giving Up Workplace Diversity

Incentivize employees to refer more women and people of color.