Solutions

Seven Hives ERP User Guides and References

Inventory Management

Manage and track multiple inventory locations effortlessly. If stock levels sink below the minimum stock limit you will be alerted with automatic notifications. The module will inform you about material requests triggered by production orders and stock entries. You will be able to send purchase orders to suppliers and record purchase receipts. Additional features such as item batching, serial number processing, stock valuation, and automated inventory accounting will help you to be in full control and on top of your inventory management.

FIFO and Average Valuation

Manage the ratio of cost price to selling price, by applying FIFO or the Average valuation method for multiple warehouses and stores. This method will ensure maximum profitability and, most importantly, you will be able to obtain a high ROI on your products to maintain a steady cash flow.

Item Batch and Serial Identification

Group your merchandise by using a batch and serial-system. You will be able to track the location and destination of all items in multiple warehouses and stores in real-time. You will gain invaluable insights to aid the planning of stock replenishment and overall inventory flow. Planning and utilizing the maximum capacity of your inventory will free up space for optimal warehouse use. Furthermore, get an overview of key parameters such as inventory depreciation over time, overall inventory value and expiry dates.

Automate Material Reordering

Set stock level limits for your products that trigger automatic material requests, send purchase orders to dedicated product suppliers and even track purchase receipts. Material requests and overall stock level management will be less laborious and time consuming with this feature.

Item management

Name your items appropriately and manage countless variations of products, attributes, and brands with the item management sub-module. This is extremely beneficial for companies that deal with a great variety of merchandise and raw material and are in need of structuring.

Warehouse management

You will have features to oversee multiple warehouses and stores in real-time along. Track vital parameters, such as current stock levels and stock movements globally across your business. Create stock entries and manage your material transfers across multiple locations by using only one system.

Barcode integration

Integrations with data acquisition systems such as barcoding are key for quick registration of items and getting an overview of your total inventory. It will save countless hours of manual work and can register instantly in your ERP database by using a barcode scanner.

Asset Management

Register and keep track of all your assets, the total valuation, and depreciation over time. Set time-based reminders of when an asset is due for a depreciation review and when it is due to be replaced.