A Store Management System is very critical to ensure smooth running of your retail business. Store management systems need to be flexible and secure to deliver the right customer service. These systems must be driven by access to real-time customer information. Only then can retailers deliver personalized offers and services that are up to the minute and targeted to each individual.
A store management system executes store operations, employing a communication apparatus In the store, connected with at least one store terminal by way of a first line Inside the store and connected with a server by a second line outside the store. The communication apparatus judges the operation type of each operation request sent from the store terminal and, when the operation type is a first operation, processes the operation request and, when the operation type is a second operation, transmits the operation request to the server so that the server processes the operation request.
The Functions of Store Management system is to receive, Store & Issue Materials to production plant. Store Management divided in to various sections such as
- Receiving Section
- Tool Stores
- General Stores
- RAW Materials Stores
Store Management is an Element of Materials department, has as interface with User Departments in its daily operations. The basic purpose served by stores is the provision of uninterrupted service to manufacturing divisions. Stores act as cushion b/w purchase and manufacturing on one hand and manufacturing on the other. The task of store Keeper relates to safe custody and stocking of materials, their receipts, issues and accounting with objective of efficiently and economically providing the right material at the right time whenever required in the right condition to all user departments.
Stores organization may be defined as a systematic coordination and combination of efforts in manner, which would result in optimum efficiency with a minimum of expenditure.
Key Result of the Stores Management system
- Easy Identification of all material stored.
- Receipt of incoming goods.
- Inspection of all receipts.
- Storage and preservation.
- Easy to Handle Materials.
- Issue by FIFO.
- Maintenance of stock records.
- Stores accounting.
- controlled Inventory.
- easy for Stock-taking.
Advantages of the Stores Management system
- OPTIMUM LEVEL OF SERVICE TO USERS DEPARTMENT.
- BETTER INTERNAL CONTROL,
- ECONOMY IN STORAGE SPACE AND MATERIAL HANDLING.
- SINGLE POINT DELIVERY AND SINGLE POINT INSPECTION.
- SPEEDY COMMUNICATION WITH PURCHASE DEPARTMENT AND VARIOUS SUPPLIERS.
- PROVIDES OPPORTUNITIES FOR STANDARDIZATION,
- PROBABILITY OF OBSOLESCENCE IS REDUCED DUE TO HIGHER INVENTORY TURNOVER,
- USERS DEPARTMENTS ARE PROVIDED WITH A WIDE VARIETY OF MATERIALS.
- AVOIDS DUPLICATION OF EFFORTS.
- TRACKING OF RAW MATERIAL CONSUPTION
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