📄️ Inventory
Inventory or stock transactions are a crucial aspect of Enterprise Resource Planning (ERP) applications. In a business context, inventory refers to the goods or raw materials owned by a company for use in production, distribution, or sales.
📄️ Inbound Transaction (Packing List Incoming)
Inbound instruction transactions are instructions or commands given to relevant parties in a business to prepare or send incoming goods to a warehouse or other storage facilities. These instructions serve to optimize the process of receiving incoming goods and ensure that these goods arrive on time, in good condition, and according to the expected specifications. Examples of inbound instruction in a business context can include:
📄️ Stock Receipt
Stock receipt, or receipt of stock, is the process of receiving and recording goods or raw materials that come into a company's warehouse or storage facility. Stock receipt is usually closely related to inbound instruction, where instructions are given to relevant parties to prepare and send incoming goods.
📄️ Stock Transfer
The inter-warehouse stock transfer is the process of sending goods from one location or warehouse to another within the company. In an ERP application, inter-warehouse stock transfer is usually associated with the inventory management module or warehouse management module.
📄️ Stock Issue
A Stock Issue, or inventory discharge, is the process of retrieving goods from inventory to be used or sent to customers or for internal company needs. In an ERP application, stock issue is typically related to inventory management or warehouse management modules.
📄️ Material Request
In the ERP application, Material Request is the process of requesting materials or goods used in production or business operations. This process starts from the request of materials or goods by the department that needs them, up to the approval from management, purchase, and delivery of these materials or goods.
📄️ Lot Definition
Lot Definition refers to a group of units of products or materials produced or received at the same time. It is often associated with "Lot Tracking," which is used to manage and track products throughout the entire supply chain, from receipt and production to shipment to customers. Lot Definition is crucial in industries that require high levels of tracking and compliance.
📄️ Product Owner
The Product Owner is a module in an ERP system that provides information for categorizing inventory based on the ownership of materials or finished goods. This helps users manage items delivered by customers or owned by customers more effectively.