Inventory Management Software
Protect your business’ assets with Frameworks
Every business is different, and no two business owners are the same. However, a lot of us share similarities – we’re always busy, for one. That’s why it’s important to have an efficient inventory management system in place, so you can focus on growing rather than always putting out fires. That’s why we developed Frameworks – an inventory management software designed to help businesses in the following industries:
What is inventory management?
Inventory management is crucial to any business – so it’s a good idea to get your head around what it is, and what it isn’t. Essentially, inventory management is all about making sure you’ve got enough stock, in the correct locations, priced and purchased at the right amount. Because this can quickly grow complicated with a growing inventory, many SMEs choose to use an automated inventory management software.
Frameworks is an inventory management ERP system, with everything you need and nothing you don’t.
What are the functions of inventory management systems?
With Frameworks’ multi-branch stock control, you can manage different outlets with inventory priced differently. This allows for multiple UOMs and suppliers, while keeping the SKU the same.
Inventory management gives you greater flexibility in your costing, as you’re able to value your products at average cost or standard/replacement cost. The sell price is manageable by retaining a margin on the replacement cost, whilst sales transactions can be separately costed using averages.
With Frameworks, you can join the top percentile of business owners and benefit in more than a few ways:
Efficient handling of timber tallies and lengths is critical to timber and hardware businesses. Within Frameworks, timber can be purchased, receipted, counted, stock controlled and sold as by either stick tally or pack. Packs can be split, docked and broken to loose.
No more shuffling through piles of papers or files scattered across a desktop. With cloud-based ERP, your warehouse manager can login from a mobile device on the shop floor, or a salesperson can check inventory while at a customer site.
The moment inventory is pulled, you’ll know about it. Information is always kept up-to-date with an ERP system, because it’s constantly receiving information from various departments. From payments posted to emails sent, you can gain a major advantage as you get to base your business decisions on up-to-the-minute data. One key difference between Frameworks and other ERP systems is this: its multi-branch capacity allows you to maximise stock optimisation, as you can seamlessly transfer between branches.
Frameworks can handle complex pricing options, with pricing and repricing features as well as integrated contract pricing. You can also set up special buys and supplier rebate tracking, all within defined pricing controls that you’ve decided on as the operator.
Automated stock replenishment
With automated stock replenishment, you can stay one step ahead of your competitors, as you know you’ll always have the right stock at the right times. Frameworks looks at the sales of any given stock item over a certain period of time, and creates suggested ordering based on this. All you need to do is approve the orders, and they’ll be sent straight to the supplier with the click of a button.
Keep everyone up-to-date
Frameworks includes an automated notifications feature, which you can customise at every transaction level with a few easy steps: just choose and set your preferences, and the system manages the rest! These notifications are triggered by daily events, meaning your staff and customers can receive reliable inventory updates based on the actions you nominate.
