ITM provides real-time
information about inventory levels across the enterprise and tools to manage the daily
operational needs of multiple-site, multi- entity production facilities and warehouses.
- Stack zones
- Containers / Bins
Inventory in ITM is classified into
- Available to Issue
- Quarantine or Items under "Hold"
- Expired products
- User defined classification.
Allocation of inventory
Allocation is the process
by which a specific quantity of an item of batch / lot are blocked or made unavailable for
ITM allows the user to select the lot or batches to be allocated. To each order line,
stock can be allocated from a multiple of lots or batches and from multiple locations. It
also allows the user to allocate the order partially leaving some quantity
"open" for later allocation.
Auto allocation executed from the sales order automatically allocates the stock based on a
Unit of Measure and Packing
competition, usage pattern of the products may require that pack size of the product be
changed. It is a common occurrence among pharmaceutical industry that pack size change and
stock of the same batch is available in different pack sizes. ITM is equipped to handle
such situations by reworking and rounding off the order quantity under the constraints of
a shipment box size.
For certain environments or
items, it may be desirable to have full traceability from the receiving of raw materials
to the shipping of finished goods. This feature enforces use of the lot number on all
inventory activity transactions and provides full visibility in the inventory audit trail.
Lot & Batch control is used to reference all materials issued. Lots can be traced in
both directions, so you can follow the raw material through its consumption in the
finished product to the customer delivered to. Or, in case of sales return you can start
with the finished product and trace backwards to the purchase order for the raw material.
The system tracks expiry
and shelf life of items across the entire inventory structure. It makes items, which have
expired or approaching expiry date unavailable to issue.
The system facilitates
physical count of inventory with out disrupting dispatches by logically blocking and
holding a storage area in a location. No goods can be accepted or issued from those areas
till the counting is over.
Goods in Transit
"Mystery stock", these dont get reported in an organisation as they have
been accounted out of a location but not yet taken into a location. ITM identifies these
goods and considers their existence for inventory planning but makes them
"unavailable" for issue. For locations connected by EDI, which receive dispatch
documents electronically. ITM has an in-built password check, accompanying the goods to
ensure that goods are entered into the system only on physical receipt.
Special Storage and
Certain items may need
specific storage conditions like refrigeration, dust free environment etc. These
conditions are specified in the Item master and are tracked by the system to ensure that
only those locations that have been identified to have the necessary conditions accept the
goods. The system also ensures that they are transported by transporters having the
required facility. Transportation and storage documents are prepared highlighting the
conditions of storage required.