Inventory Management

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Accsolms really helped us achieve our financial goals. The slick presentation along with fantastic readability ensures that our financial standing is stable.

Ms. Sri Priya
Managing Director, Besten Pumps

Inventory Management

With proven industry expertise in managing inventory for hundreds of companies across India, ACCSOL  has helped clients streamline their inventory through best-in-class processes and highly efficient tools.

  • Fine-tune your forecasting
  • Audit your stock
  • Track your stock levels at all times

At ACCSOL , our expertise lies in managing Assets and Inventory Control. Our Inventory Management employs quality data to keep a record of the goods as they move through the SCM process, which includes numbers, serial numbers, cost of goods, and the number of products along with the dates mentioned.

Our team works very closely with our customers through customized reports, which are generated through our web-application, on inventory and timely transactions based on the daily analysis. This helps our customers to choose corrective steps to manage their process flow.

Our experts help you optimize and manage all the components of your inventory operations, including cycle stock, safety stock, pipeline, and pre-build inventory to drive more efficiency across the value chain.

  • Inventory planning
  • Material optimization

Here is a quick rundown of how we manage the Inventory  :

  1. Planning: In order to design a unique inventory audit strategy, we collaborate with our customers to understand their needs for inventory management.
  2. Physical Count: We physically count the goods in our inventory using cutting-edge inventory management equipment and software.
  3. Reconciliation: In order to find any differences, we compare the inventory records and the physical count.
  4. Analysis: To find trends, patterns, and areas for development, we examine the inventory data.
  5. Reporting: We offer a thorough inventory audit report with suggestions for bettering inventory management procedures.

Inventory audits are crucial for companies of all sizes and in all sectors.

For effective inventory management, reliable inventory data is essential, and routine inventory audits may assist in guaranteeing that the inventory records are accurate.

ACCSOL  provides specialised inventory audit solutions to accommodate each client’s particular requirements.

Our skilled team of experts employs cutting-edge inventory management technologies to guarantee that the inventory audits for our clients are precise and effective.

Core Process Sub Process Deliverables Department to   be reviewed
Indent to Payment Opening  Meeting with Process Owner & Understanding the System and Operation Report On Internal Control Evaluation -About strength and Weakness of Internal control Systems Marketing, Stores, Warehouse, Logistics, Sales, Accounts & Finance
Compliance with Established Processes and Procedures
Indent processing
Enquiry, Follow-up and PO Management
Inwarding
Quality Inspection
Material Issue
Inventory Management
Vendor/Sub-Contractor Development/Management
Inward freight
Accounts Payable
Vendor rating
Report Preparation- Draft Closing Meeting

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