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Stock management is the process of managing the goods your business plans to sell. This involves acquiring, storing, organising and tracking those goods. Stock management also involves keeping records of changes in your inventory over time. It's often useful to have safety stock, also known as buffer stock.
Purchase Invoice is a document that is issued by the purchaser of goods and services, confirming that the order is indeed valid and has been fulfilled by the seller. This invoice is created after the purchase order which is issued by the purchaser to the seller.
Sales invoice is an accounting document that records a business transaction. Sales invoices provide the business with a record of the services they've provided to a client, when the services were rendered and how much money the client owes the business.
Sales return is an adjustment to sales that arises from actual return by a customer of merchandise he/she previously bought from the business. It is commonly recorded under the account "Sales Returns and Allowances".
Wage Protection System (WPS) is an electronic salary transfer system that allows organizations in the private sector to pay their employee's wages via banks, bureau de change, and approved financial institutions.
Stock Item refers to goods that are manufactured or traded. It is the primary inventory entity and is the lowest level of information on of inventory.
A point of sale (POS) is a place where a customer executes the payment for goods or services and where sales taxes may become payable. A POS transaction may occur in person or online, with receipts generated either in print or electronically. Cloud-based POS systems are becoming increasingly popular among merchants.
A manufacture voucher entry is used to enter details of the components used to produce the finished goods, or the Co-Products/By-Products/Scrap produced during the manufacture of the finished goods, and so on.
Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination. The term is now used widely in the business sector, particularly by companies in the manufacturing sectors, to refer to how resources are handled and moved along the supply chain.
Dashboards are incomparable and unique displaying your Salesforce data in a graphical presentation. Dashboard components include different types of charts, tables, metrics, and gauges. You can customize the grouping, summary, and display of data for each of them.
Bill of materials or product structure is a list of the raw materials, sub-assemblies, intermediate assemblies, sub-components, parts, and the quantities of each needed to manufacture an end product. A BOM may be used for communication between manufacturing partners or confined to a single manufacturing plant.