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Maintaining Inventory,
Steps,
Categorize the Raw material in3 types
A , B and C based on the pricing, lead time and quantity.
ERP is best for large scale units, for small scales use of excel is enough.
Daily consumption to be tracked by issue slips and incoming by Delivery order notes.
DO quantity adds up and issue gets deleted., simple and the balance is the inventory.
To make it more accurate, you have to consider the issue only after the delivery of the product to the customer. This way you will know what you are holding at that given time.
It is simple, if the person who is looking after the inventory is given the responsibility and is passionate about the system can easily do this.
new thoughts is responsible for maintaining inventory
