Inventory Management

Mawrid ERP ensures the availability of all necessary features with advanced performance in the
Inventory module that are significantly required to streamline inventory management. With this
completely packed inventory management system offered by Mawrid, a company can
accomplish the benefits of inventory management.

Product Management

The process of product creating product in the Inventory module is almost similar to that of the
Sales and Purchase modules. the user will get a separate menu in the main menu bar of the
Inventory called Products that includes all sub menus for effective product management. Users
can see the products in list view or kanban view.

Filter, Group By and Favorites

the user can view the products as per need by using the filter, Group by and make them favorite.
These three options are available in every module of mawrid for even for Sale order, invoice,
purchase bills, Quotation etc.
list view of product has the functionality to show or hide some columns as show below:

when the user click on the product it show all the information about the product
The user will get advanced smart buttons in the products window based on the data configured
on the respective product. The Extra Prices button can be used to manage extra pricelists of the
product.The quantities available in the inventory will be shown in the On Hand button. Similarly,
the details of the quantities forecasted will be available in the Forecasted button. The In & Out
button will provide the movement history of the products in inventory. The Reordering Rules on
this product can be obtained from the corresponding smart buttons. The More button will show
additional options to obtain the details related to the Bill of Materials Putaway Rules, Purchase
Analysis, Sales Analysis, and Digital Attachments regarding the product.

User can mark the product as it can be sold, or purchased or both.

General information give the option to add extra information about the products and more
attributes can added for the product. Setting related to Sale and purchase is separate and invoice
policy is set over there. We set the accounting set for the product on the accounting tab.
Product Category

product category is used to set the inventory valuation and its accounting flow.

Inventory Operations

From the Kanban view user can see the operation type of inventory. Operation type can be
created by the dedicated tool from the setting “Operation Type”.
Here, you will get a new window to create a new operation type. You can mention the Operation
Type in the corresponding field. Mention the Reference Sequence, Code, Reservation Method,
and Company in the respective fields. The Reservation Method will decide how the products in
transfers of this operation type should be preserved. It can be either at confirmation, manually, or
before the scheduled date. By selecting the Always option, Selecting the Never option will
cancel the remaining products. If you want to show a detailed stock operation in the picking lines
then you can check the Show Detailed Operation box.

1. The Default Source Location and Default Destination Location of the transfers of this
operation type can be specified in the corresponding fields under the Locations tab.
2. The Type of Operation can be Receipt, Delivery, Manufacturing, or Internal Transfer.
Based on the Type of Operation you select.

Warehouse Management

Mawrid allows the user to create multiple warehouses as shown below. the options will assist
you in performing different warehouse management operations. First, let’s take a look at the
setting of warehouses in Inventory module. For this, you can select the Warehouses option from
the Setting menu.

User will configure the receiving and delivering the products and where can he get the resupply
in case of need. It is very simple to configure.
Location

Every warehouse may have multiple locations and store products in these locations.
The new location creation window is shown above. Here, you can mention the Location Name in
the given field. The parent location that includes this location can be specified in the Parent
Location field. You can select the parent location from the drop-down. You will get the
Additional information, Logistics, and Cyclic Counting tabs to define. From the given options,
you can select Location Type for the new one. The available Location Types are

Vendor Location:Vendor location is considered as a kind of virtual location that represents the
source location for the products that come from your vendors.

View: View is another kind of virtual location that is used to create a hierarchical structure for
your warehouse. They can’t directly store products.

Internal Location: Internal Locations are the actual or physical locations available in your
warehouse.

Customer Location: Customer Location is a kind of virtual location that represents the
destination locations for the products sent to your customers.

Inventory Loss: This is also a virtual location that serves as a counterpart for inventory
operations used to correct stock levels.

Production: This virtual counterpart location is used for production operations. You can consume
components from this location and produce finished products.

Transit Location: The Transit Location is considered a counterpart location that should be used
in intercompany or inter-warehouse operations.

Putaway Rules

products are placed in appropriate locations in the warehouse. To run these

operations automatically, the mawrid Inventory module introduces the
Putaway Rules that will help you to move goods to proper locations. This
feature will avoid the wrong storage of products in your inventory. Using the
putaway rules, you can shift products from the receiving locations to the most
appropriate place within the warehouse itself.
Putaway window can be accessed from the setting menu:
For creating a new putaway rule user click on New and put the product name
and its location in the line as shown in the above image. Users can use this
rule for the product category.
Putaway rule can be fixed with the product location.

Replenishment Rule
Replenishment is a crucial inventory operation which helps to maintain a
sufficient quantity of stock in your inventory. In order to ensure an
uninterrupted supply of goods, you need to replenish the inventory according
to demand. System provides quick support to the replenishment operations of
a company. You can perform replenishment in two different methods. You
can replenish products either from the product management window or by
creating a new replenishment operation from the Inventory module.

Users can set the replenishment from the inventory operations. When the user
click on Replenishment and click on new button, he can add a line and set the
maximum and minimum quantity of the product, as shown in the image.
Users can set the preferred route (Buy or other warehouse) and even set the
vendor for the product. When the stock level goes to minimum level the
system will create an RFQ form for the selected vendor.
Inventory Adjustment
There may be situations where certain adjustments should be made in the
inventory based on the physical stocks available in your company. In order to
ensure efficiency in inventory management, the changes made in the
inventory should be reflected in the inventory records also. In Mawrid, you
will get the Inventory Adjustment platform that assists you to make
adjustments in the inventory records based on the availability of the physical
stocks.
Inventory adjustment can be set from the product form by clicking on the
Update Quantity Button
Another option to adjust the inventory in from Inventory operations

User clicks on the new button and adds a new line, where he selects the
product, its physical quantity and the location.
After that he clicks on the Apply button and inventory adjustment is done.
Scrap Management
Scrap is useless or damage products, expire date products also included in
this category. Removing these items from the stock as soon as possible is
important because we can not sell damaged or expired products.
In mawrid location, there exist a scrap location that is used for this. The stock
removed from the internal location and transferred to virtual location that is
actually our scrap location.
It is very easy to scrap the products. User click on the scrap button and a new
window will display. He will enter the product and it quantity and location
and click on validate.

By clicking on the validate stock will move from the physical selected
location to Virtual location that is our scrap location. System will also pass a
financial transaction for the scrap.
Landed Cost
Landed cost can be defined as the total price of a product that a buyer should
pay at the time of purchase. This includes transport, customs duties, handling
fee, service charge, shipments, and many more. To get the selling price of the
product, these additional costs are added to the actual price of the product.
Based on the company policies, the method of calculation of the landed cost
will be different in different companies. In the Inventory module, you can
calculate the landed cost and split them between each quantity of the product
to update their selling price. You can set landed costs for products whose
costing method is configured as AVCO or FIFO. The inventory valuation of
such products should be automated. This is the mandatory condition for
landed cost that you should take into account before configuring it.