Innowera - RDM: Inventory and Warehouse Management

Innowera - RDM: Inventory and Warehouse Management

RDM | Operations: Cross Functions | Inventory and Warehouse Management

Processes in the area of Inventory Management address the recording and tracking of materials on a quantity and value basis. This includes planning, entry, and documentation of stock movements such as goods receipts, goods issues, physical stock transfers, and transfer postings as well as the performance of physical inventory (stocktaking). Warehouse Management Processes cover warehouse-internal movements and storage of materials.

Cross Docking Processes rapid material turnover in a distribution center or warehouse where the goods are brought from the goods receipt directly to goods issue without being stored.
 
Warehousing and Storage Processes warehouse-internal movements and storage of materials. Inventory Management Manages the stocks of a company in quantities and values. It is integrated with supply chain accounting and is responsible for goods receipts and goods issues, and for managing different stock categories (available, blocked stock, in quality assurance, and so on) and special stocks (including consignment stock, project stock, and so on). Enables a summarized visibility of stocks in the supply chain.
 
Physical Inventory Manages physical inventory for your organization's own stocks or for special stocks in your warehouse. The following physical inventory procedures are supported:
  • Periodic inventory
  • Continuous inventory
  • Cycle counting
  • Inventory sampling
Physical inventories for legal reasons, for balance sheet purposes, or for internal controlling reasons are also supported.