Store Management System

A Store Management System is extremely critical to ensure smooth running of your retail business. Store management systems should be adaptable and secure to convey the right client service. These systems must be driven by access to real-time client data. At exactly that point can retailers convey customized offers and services that are up to the moment and targeted to each individual.

A store management system executes store operations, utilizing a correspondence mechanical assembly In the store, associated with no less than one store terminal by method for a first line Inside the store and associated with a server by a second line outside the store. The correspondence mechanical assembly judges the operation kind of every operation demand sent from the store terminal and, when the operation sort is a first operation, forms the operation demand and, when the operation sort is a second operation, transmits the operation solicitation to the server so that the server forms the operation demand.

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 day by day operations. The essential reason served by stores is the procurement of continuous support of manufacturing divisions. Stores go about as pad b/w buy and assembling on one hand and assembling on the other. The assignment of vendor identifies with safe custody and stocking of materials, their receipts, issues and accounting with goal of proficiently and economically providing the right material at the ideal time at whatever point required in the right condition to all client divisions.

Stores association might be characterized as a deliberate coordination and mix of endeavors in way, which would bring about ideal effectiveness with a minimum of expenditure.

Key Results of Store 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 Store 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