Stock and Inventory
Identify slow moving stock and build in rules that enable it to be categorised and suitable provisions to be calculated where necessary.
This can include the generation of the journal entries needed to post these into the accounts automatically.
Avoid stockouts by analysis of run rates and replenishment lead times to create alerts that prompt the reordering of items, especially when lead times are stretched.
Costs are incurred each time stock needs to be moved, so track the historical transfers to recognise patterns and build in recommendations as to where to initially locate incoming supplies.
