Overview of inventory movements
The primary feature is clear and precise records of all movements in inventory and stock on so-called stock cards. They contain basic information like price, unit, dimensions and weight, but the real know-how consists in more detailed records based on the lot, which allows items to be identified across the entire system. The result is a precise overview of the status of stock and movements in warehouses and the automatic evaluation of key data.
Transfer slips and stock slips
Two internal documents are used for warehouse record-keeping - these are transfer slips between individual warehouses and stock slips for production. Illustrating the status of warehouses allows us to record goods that are specified (blocked), reserved (requested), ordered or otherwise defined. Sets of assigned features like dimensions, color, surface treatment, packaging, design, size, material, etc., can be used as additional sorting criteria.
Stock management controls
The advantage of detailed records of stock movements is the possible breakdown of stock records into the respective documents that contain the item (i.e. receipts, issue slips, reservation sheets, etc.). Together with summary information about inventory items, the system uses that breakdown not only for planning, drafting or automating orders, but also for effective stock management controls.
Bottlenecks in stock management
Planned movements and requests for goods (sales, warehouse status at the date, minimums, maximums, idle stock, evaluations, histories, turnarounds) indicating the amount, deadline and addressee are grouped together into so-called item coverage. Running a graphical display of these planned movements gives you a straightforward illustration of the bottlenecks in warehouse management. We can view the Item Coverage feature not only from stock, but also from sales, purchases and production.
Individual stocks can be valued with a fixed price, sliding average or the FIFO method. If corrections in movement are necessary, whether in terms of quantity or price, K2 IS can run a recalculation mechanism to retroactively calculate stock and make all movements reflect current stock values and revalue all costs.
Principles of stock controls
The K2 information system supports stock controls by using barcode readers and has integrated basic principles known from WMS systems. This solves problematic communication between systems and information about inventories, leaving you really error-free and online. The receipts and issues processes can easily encompass, moreover, analytical evaluations, the writing of customer scripts or defining of workflow processes.
Historic data allows the K2 information system to know how to estimate the stock required for a selected period. With the correct settings, the system is able to minimize so-called idle stock and save businesses up to millions of Czech crowns every year.