InventiX Materials

A ready to use inventory and analytics software for factories, traders & warehouses.

What is Materials

InventiX Materials module is an end-to-end operations management system that handles inventory of any stores in the manufacturing industry. While sales and purchase visibility in conventional systems involves multiple reports with manual intervention to understand and analyze across product groups, products, time/date periods etc, Materials allows the user to access the entire procurement and inventory analysis with a single dashboard view.

InventiX Materials is a 360-degree system that offers several features including the following.

  • Complete analysis of material consumption against the customer order and budgeted forecast
  • Real-time inventory availability based on sales orders, GRN’s, allocations etc while tracking other product details including batch numbers, shelf life, FIFO models, unit purchase and sales prices etc.
  • Customer and factory work order linked directly to supplier PO, GRN, quality and material issue
  • Holistic traceability of completed forms/documents like Purchase Order, Goods Receipt Note, Sales Order, Delivery Order, Invoice, Payments, and Inventory adjustments, Wastage / Scrap etc using a single navigation dashboard
  • Checks and balances at process level in sales, purchase & inventory with complete audit trails. This improves inventory accuracies, eliminate inventory obsolescence and bring in control of operations in dollar terms.

Industry

Fashion & Apparel

Leather

Manufacturing

Retail

Inside Materials

A single user dashboard created to reduce human effort, InventiX Materials handles various aspects of materials planning including

Material store management

MRP generation

Purchase request

Material PO

GRN

Quality Check

Stock in based on the QC report

Purchase return based on the QC report

Material issued against job card

Stock adjustment/transfer/return

Material consumption report (Planned vs. Actual)

Standard production & store reports

Why Materials

  • No duplication of data and reduced human effort to manage day-to-day operations
  • Real-time visibility across all aspects of operations like purchase, stock, sales, and delivery
  • Benchmarks and indicators denoted in different colors to understand “operations health”
  • Implement industry best benchmarks across all operations using MMS
  • Extend reporting dashboard to tablet, PCs, mobile phones
  • Reduce cost of operations by 48%

Success of Materials

InventiX - Materials involves managing complete purchases, sales, and inventory related activities for any trading business across the world. Inventory & Analytics application is a robust and time tested product line, built on latest technologies.

Workflow management system to handle entire purchase, sales processes including stock

Purchase involves receive – weigh – segregate – store

Stock involves managing the product wise inventory in the facility

Stock involves managing the product wise inventory in the facility

End-to-end visibility across the facility on product, quantity, unit price, customer etc

Challenge

A mid-market leather gloves manufactures found a surge in the re-work and rejections rate across multiple assembly lines. The production also found that the capacity utilisation was below efficiency.

Solution

Upon analysis of the production floor, a full-functioning POMS application was deployed within twelve weeks. The application integrated with the company’s ERP, analysed the bottlenecks within the floor and altered the line managers. With real-time visibility, managers addressed the key issues to improve productivity.

Results

  • Increase in service levels by 90%
  • Expansion of product line
  • Increase in capacity utilisation
  • Rejection rate reduced by 37%