Inventory Module

The Inventory Module in Acharya ERP provides a comprehensive platform for managing all aspects of institutional inventory, procurement, and stock movement. It streamlines the creation and management of stores, measurement units, vendors, and inventory items, and supports the entire workflow from requisition (indent) to purchase, receipt, and issue of goods.

Key Components

• Inventory Master: Manage stores, measurement units, vendors, and assign items to stores with opening balances and status control.
• Inventory Item: Create and maintain a centralized list of all inventory items, including item details, types, and accounting heads.
• Store Indent: Departments can raise internal requisitions for items, track requests, and manage indent history.
• Purchase Indent: Initiate purchase requests for goods/services not available in stock or required in bulk, with approval tracking.
• Draft Purchase Order: Create, update, and manage draft purchase orders, assign approvers, and prepare for final approval.
• Purchase Order & Approval: View, print, and modify purchase orders, manage approval workflows, and create Goods Receipt Notes (GRN) upon receipt of items.
• Good Receipt Notes (GRN): Track and print all goods received against purchase orders for audit and inventory updates.
• Stock Issue: Issue items against approved indents, specify quantities, and update inventory records.
• Stock Register: Monitor stock movements and balances across categories (fixed assets, expenditure, repairs, etc.), with drill-down and export features.