Inventory Management

 

Inventory must be financed.  To be effective, the Enterprise must balance the competing objectives of high Customer Service levels and low Inventory Carrying Cost.  Any inventory system should provide an efficient multi-location perpetual inventory.  Sirius strives for an effective inventory where the right product is available in the right quantities at the right location.  Analysis of past demand (including seasonal factors and volatility), product lead times and vendor terms ensures an optimal reorder strategy will be applied.

The component that comprise Inventory Management are:

  
     
Inventory

A comprehensive and flexible multi-warehouse inventory management system that provides effective tools to minimise inventory levels, maximise gross margins and increase customer service. It includes extensive screen enquiry and reporting functions to provide instant access to quantity, cost and item movement information.

 
    Purchase Order

SIRIUS Purchase Order provides absolute control over the entire purchasing cycle to ensure purchase of the right quantity of stock at the best possible combination of lead time and price, for optimizing cash flow and profits. The system ensures that goods inwards update inventory with accurate costs in a timely manner allowing other SIRIUS modules to perform their important task of accurate gross profit measurement and control.