Product & Inventory Management Software

Novosales allows you to manage and create product mix fulfillment strategies to meet customer requirements. It also offers the flexibly to view the extended supply chain network, from supplier to customer, as well as an internal locations such as a warehouse or production site, with reference to your product movement, storage, stock and aging. Below is the quick scope.

  •    Categorize and group products to track and manage their stock, demand and supply across your supply chain network.
  •    Calculate demand forecasts for products or product groups.
  •    Support for demand-plan handling and forecasting enables you to group products with similar demand patterns into demand plans and define the related parameters
  •    Manage products by minimum and maximum stock value along with reorder points.
  •    You can create forecasts manually or you can let novosales calculate a forecast using one of several statistical forecasting models and your historical data as reference.
  •    Check product availability and confirm delivery dates by checking customer requirements against the stock on hand and the product supply.
  •    Stock adjustment for physical inventory discrepancies.
  •    Stock Taking process for month end/quarter end counting
  •    Stock Movement Log to track product batch and serial numbers.
  •    Unrestricted stock transfers across warehouses
  •    Different costing methods supported: Standard cost; FIFO/LIFO; Weighted Average and Standard cost revaluation.
  •    Product Cost, Last buying price and WAP automatically updated based on goods receipt.
  •    Product Association like KIT, Cross references, Single and multiple replacement.
  •    Option to define different name for the same product for your customer or supplier.
  •    Stock Analysis on single view: Stock Summary and Batch details across branch network; Product monthly supply and demand; Purchase and Sales history with item details.
  •    You can define price lists and establish flexible pricing policies, so that prices and discounts are calculated automatically and applied to quotes, orders and invoices.
  •    Special pricing for a customer and prices in different currencies for the same product also allowed on each product with a validity period.
  •    You can configure multiple level of discounts and schemes, including periodic targets setup on similar products or a product group by zones, order type, period and even customer type.
  •    Minimum margin configuration to prevent selling below cost price. Option to configure automated pricing based on your cost, buying price or WAP.