Inventory management and logistics module
Inventory management ERP: anticipate stockouts and control your flows
Real-time visibility, reservations for your orders and production, lot traceability, inventory counts and net requirements calculation: Synoptic ERP centralizes the management of all your stock and logistics movements.
Inventory management, a key success factor for your SME
Inventory management is a key success factor for your SME. Good inventory management has a direct impact on your cash flow: whether your products and materials are perishable or your storage costs are high, you need to manage available volumes as closely as possible and avoid unnecessary overstocking.
Synoptic ERP gives you a real-time view of your stock: anticipate stockouts and make reservations for your orders or production in progress. All your information is centralized and available in moments, however many storage locations you have.
- Real-time stock
- Lot traceability
- All types of inventory
- Net requirements calculation
Managing your logistics with Synoptic ERP helps you:
- Secure your profitability
- Ensure the traceability of all your logistics flows
- Respond effectively to your customers’ needs
- Improve your competitiveness and responsiveness
- Optimize your supply chain as a whole
- Prepare for the future growth of your business
All your stock information in one place:
- Turnover analysis
- Search for the latest movements
- Lot traceability
- Location lookup
- Reservations for your orders and production
- Data available however many storage locations you have
- 40 yearssupporting industrial SMEs
- 200+industrial SMEs and mid-caps supported
- 3 officesLille, Lyon and Nantes
Optimize your inventory management
Synoptic ERP’s inventory management lets you control your entire supply chain and act quickly when an anomaly occurs, thanks to real-time information.
Easily control your stock movements
All your stock movements are controlled by Synoptic ERP: set up automatic receipts and issues, handle cancellations and returns directly, and adjust stock by location, by lot and more in a few clicks. Management by location, by lot or by location/lot combination gives you fine-grained control over all your storage locations.
- FIFO, LIFO and FEFO methods
- Serial number management
- For sectors subject to strict traceability requirements
Handle every type of inventory
Whatever type of inventory your company uses, Synoptic ERP adapts. Counts can be entered on a terminal, by barcode scanning.
- Rolling inventory (cycle counting)
- Perpetual inventory
- Retroactive inventory, to recalculate stock levels at a past date
- Accounting inventory, to record stock levels at a closing date
Manage valuation, depreciation and stock sizing
The inventory management module automatically sizes your stock according to your own parameters. Calculate stock valuation and depreciation quickly and intuitively.
Monitor stock turnover
Every stock movement is recorded in Synoptic ERP: run date-to-date analyses of all movements and rank items by number of movements, by quantity and more.
Ensure full traceability of your products
The inventory management module ensures full traceability of your products. It works on terminals (barcode scanning) or through the WMS module for companies with a more structured warehouse.
- Downstream: find the finished products made and the customers delivered from a given raw material
- Upstream: find the materials used in a given finished product
- Full: find the finished products made with the same materials as a given finished product
Anticipate needs with net requirements calculation
Synoptic ERP builds net requirements calculation (MRP II) directly into inventory management.
By cross-referencing available stock levels, open orders and reservations, it generates replenishment and production suggestions consistent with your actual order book. It works natively with the procurement management module.
Manage consignment stock
Record goods sent to a customer with a delivery note, place the shipped stock on consignment, enter consigned stock consumption to issue it from stock and automatically invoice the stock consumed.
Organize your stock depots
Record goods sent to a remote depot with a delivery note, then the receipt at the depot through automatic return of the shipment: you save time and work more efficiently.
Net requirements calculation in Synoptic ERP
Stock and warehouse
From location and lot management to pallet-level WMS
Synoptic ERP’s inventory management tracks your items by location, by lot or by location/lot combination, and traceability works on terminals, by barcode scanning.
For companies with a more structured warehouse, the WMS module refines this management down to the pallet: contents of each pallet, transfer tasks, picking and detailed inventory counts.
- Stock by location and lot
- Barcode scanning
- Pallet-level WMS
Thanks to its powerful stock management tools, Synoptic ERP allows us to better organize our workshops and to meet customer deadlines more accurately.
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Our experts are available to analyze your needs and show you the solution in a real-life setting.
Complementary modules
Synoptic ERP’s modules are complementary. Want to go further? These modules work in full synergy with the inventory management features presented above:
Traceability/quality
Control quality and ensure traceability at every stage of manufacturing
Procurement management
Manage your procurement function from order to invoicing
Commercial management
Organize your customer relationship, seize opportunities
Downloads
- PDF document (in French)Synoptic ERP overviewDownload
Frequently asked questions about inventory management
What is the difference between the FIFO and FEFO methods?
The FIFO (First In, First Out) method consists of issuing the oldest items from stock first. It is both a physical warehouse management rule and an accounting method for inventory valuation.
The FEFO (First Expired, First Out) method consists of issuing first the items whose expiry date is closest, regardless of when they entered stock. Sectors concerned: food, pharmaceuticals, cosmetics.
What is safety stock?
Safety stock is a minimum quantity kept on hand at all times to absorb uncertainties: supplier delays, unexpected demand, changes in consumption. It is calculated from the variability of lead times and consumption.
In the ERP: safety stock is an item parameter that automatically triggers a replenishment proposal as soon as the available level falls below the defined threshold.
What is a rolling inventory?
A rolling inventory, also called cycle counting, means counting part of the stock at regular intervals throughout the year rather than all of it at once. Combined with a perpetual inventory, it can reduce or replace the full year-end count, subject to the agreement of your accountant or statutory auditor.
What are lot numbers and serial numbers used for?
A lot number identifies a set of products manufactured under the same conditions. A serial number identifies one unique product. These identifiers are the key to upstream and downstream traceability in the ERP.
Downstream traceability: which customer received lot no. X? Upstream traceability: which raw materials were used to make this lot, and which supplier did they come from?
What is a WMS?
A WMS (Warehouse Management System) is software dedicated to the physical management of the warehouse: receiving goods, putaway to storage locations, order picking, shipping and inventory counts. It can be integrated into the ERP or run alongside it through an interface.
In Synoptic ERP, the WMS module refines inventory management down to the pallet.
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+33 3 20 64 63 63Our offices, close to your sites
- LilleHead office2 rue de la République, 59780 Willems
- Lyon7 allée du Crêt, 69890 La Tour Salvagny
- Nantes3 rue Claude Chappe, 44470 Carquefou
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