It is also a sign of good discipline. A strong and good warehouse supervisor who holds people accountable will create good housekeeping simply by asking for it. A weak leader will have a sloppy warehouse simply because his or her followers do not care, and lack of care is a sign of poor discipline. Thus the stock inventory quantity will always be inaccurate. It is also an indicator of lack of pride. Discipline and pride in the organization go together. One seldom exists without the other.

So how does your warehouse consider as measure up?

In managing the space and time that are the twin elements of warehousing, a certain amount of waste is inevitable. Waste is defined as any non-value-added activity or works. In short, it means laziness and perform unuseful task. By identifying and reducing wasted effort, we can improve productivity at the same time. The sources of waste will be described, along with the steps that should be taken to eliminate them.

This is whereby a proper inventory software will helps to eliminate this wastage.

We would like to announce that,  as part of our company strategy  to provide a better solution and greater support to our existing and future customers, the eStockCard v3 Business license would be discontinued and no longer available to be purchase from our website.

The discontinue of the eStockCard v3 Business license is also due to the reason that its modules are currently available in the eStockCard v3 Premier itself. Thus, our customers will find that the eStockCard v3 Premier will be more suitable for their daily operation usage.

However, for the existing customers of the eStockCard v3 Business,  we assured that you will still receiving the necessary support from us.

Again, we thank for all the support which our customers and users have given to us and we assure that we will continue to enhance the eStockCard functionality.

Thank you.

The are many benefits for using an inventory management software for their stock inventory control. Some of the benefits are as follows:-

1. Reduce the time taken to enter inventory

Imaging writing the inventory code, inventory name, quantity and the location by hand and then manually in put them into the computer or even a stock card itself.  Error in entering the information will likely to happen and not forgetting the inefficient to perform this task by hands.

With the inventory software,  the task on keying the inventory data would be reduce greatly as stock can be stored and retrieved easily. Tracking the inventory quantity through the reports would also be easily done.

2.  Save Cost

By reducing the error and inefficiency, a lot of times would be saved which in turn will reduce cost. Inventory management software would easily inform the users on their stock inventory balance, when to place an order and many other things which would assist in reducing the unnecessary cost.

Please see the below Release Notes on what are the enhancements and the bugs which had been solved in this latest version.

Release Notes:

Enhancements:-

1. Adding Empty Location and Location By Quantity Reports
2. Adding a new Inventory Overview report capturing all the Item Qty being placed under Purchase and Sales Order
3. Included the Cost Center column in the Purchase Order Summary report
4. Non duplicate Item EPC code in the Item Master setting
5. Able to perform Stock Transfer for the item which serial nos had been locked
6. The Help menu is link to the eStockCard knowledgebase website
7. The inventory balance quantity column in Goods Movement Report based on the UOM
8. Prompt the user if the eStockCard Server (database) is not updated to the same version as the eStockCard Client even though the eStockCard Clients are networked connected via other PC’s
9. Ensure the eStockCard Client is able to works properly even though the configuration files are corrupted
10. Setting of the specific character length for the Item, Customer and Supplier  settings
11. Ensure the restoring of the sample database works properly by disable the cancel function when the restoring process
12. Enable the offline activation function even though the PC is connected to internet
13. Different sequence running nos. for all the documents under different company
14. Capturing of the unit price enter in IN screen  under the Goods Movement Details and Inventory Balance by Item reports

Bugs:-

1. Able the reprint the label for empty stock
2. Fix the Item Manufacture which was not captured in the IN screen which has been set under Item Master
3. Fix the Check for Updates Issues
4. Fix the screen layout colour to blue for first time installation
5. Fix the Batch No and Lot No in the Good Receiving document
6. Fix the valid for days issue in the Sales Quotation
7. Ensure no duplication of the primary key in the Location Master Maintenance
8. Stock Editing screen closing issues
9. The correct delivery quantity appear in the Sales Order screen column

To update to the latest version, you can go to the download page to download the Chronos eStockCard v3.2.0. As usual, if you found any issues in this new version, you are welcome to inform us at support@estockcard.com. Thank you.

Inventory management is vital for each and every company whether big or small that buys or sells physical inventory products. In the market today, there are quite a numbers of inventory system from ERP, WMS to smaller scale of inventory software. However, they have their own pros and cons in terms of cost, usage and requirements.

Therefore, we’ll discuss through some of the basic requirements for an inventory system.

Inventory Tracking

Tracking of inventory is very important for a company to ensure their inventory management is in order and efficiency while reducing inventory costs. Inventory management is referring to the process of efficiently monitor and overseeing the inventory movement into and out from an existing inventory. This is important to ensure the stock inventory is kept at the desired level to prevent them from becoming too high or dwindling to the levels which could put the operation of the company in jeopardy.

Inventory Level

The number of factors will determine the amount of inventory to be kept in store including customer monthly order, the size of the warehouse and the lead time to replenish the inventory. Insufficient of inventory quantity to meet customers daily or monthly order will chase them to go elsewhere.  Store capability to stock adequate inventory levels will helps to ensure the availability of the inventory products. Thus an alert inventory system to inform the users on their re-order and min level will help the company to replenish the stock inventory quickly.  If the replenishment alert is quick and reliable, then the lower inventory and less warehouse capacity will be able to meet the customer order and demand.

For the requirements mentioned above, Chronos eStockCard Inventory Software is definitely the right choice for effective inventory management, please download the Free Edition to try today and see how our software helps you to track your inventory in details, reduce inventory holding and increase your operation efficiency.

Download Chronos eStockCard Free Inventory Software

As part of our continuous effort to enhance the eStockCard Inventory System, we have developed the eStockCard PDA Version and we are going to release it very soon, we are pleased to have our users and customers to have a sneak preview on how the screens for the PDA Version looks like.

PDA Login Screen

Main Screen

IN Screen

Become a Beta Tester

We are inviting our customers and users to become our eStockCard PDA Version Beta Tester. If anyone interested to take part, you are welcome to email us at support@estockcard.com with your company name, address and contact details. Limited seats only so hurry up, email us today.

Well, to answer it we can refer it to the formula as follows:-

Inventory represents stocks or raw materials which need to be keep  in order to meet customers orders /sales.

It is a ratio showings how many times the stocks has been sold and then replaced over a certain time of period.

The lower ratio may indicate that their inventory management is ineffective and they are not performing their task very well as they carried to much stock in hand. Whereby a higher ratio shows that their stocks are manageable and effective.

For example:-

Company XYZ has a sales of 50 millions for last year and also an inventory stock of 200 million for that respective year. So their inventory turnover is 0.25 which is considered very low. Based on this ratio, the company XYZ would need at 4 years to deplete all their existing inventory.

Therefore, the reasons why an increasing Inventory Turnover is important because:-

1. Increasing inventory turn will help reducing greatly the organization holding cost.  Less money would be spent on utilities, rental, manpower, insurance, pilfering and any other costs which are used to maintain the stocks that are to be sold.

2. Reducing the holding cost will increase the profit  and income provided the sales revenue remains constant throughout the period.

3.  Inventory that turns quickly will increase the replacement of an obsolete item or even reduce the expired of the item which have shelf life. In some industries, it helps in increasing responsiveness to the changes in customers requirement.

To be success in maintaining the Inventory Turnover, you would need knowledge, experience and the right platform.

Therefore, we would recommend Chronos eStockCard Inventory Software to help increasing your Inventory Turnover.

We wish to announce that as part of our website revamp to serve our customers better via our Live Chat Support, we have moved it inside the Client Center.

Therefore, in order to contact us via our Live Support, please click here to login to the Client Center.

And as part of our commitment to our customers due to the different time zone, we are happy to inform that you could let us know in advance if you would like our support team to be on Standby to answer your queries after our office hours. Just email back to us at support@estockcard.com or leave a message on our Live Support with your contact name, email details, company name and the GMT time.

If you have any other queries about this changes, feel free to contact us. Thank you and have a nice weekend.

The investments are heavily scrutinized, so arming yourself with the correct planning, figures and resources is important in acquiring a budget and a green light on the decision once your evaluation has been completed.

He feels that a successful process is determined by the following three steps: -

1) Rationalize the purchase. Create a report that shows how warehouse errors and inefficient picking processes are leading to revenue loss. Show that while it will take a large investment to deploy a new solution, that the return on investment will be high.

2) Match product to workflow. Evaluate solutions that mirror your current workflow, not ones that completely change how you have ever run your warehouse. Ensure that the solutions you are investigating match the type of picking you need (e.g., zone picking, wave picking, etc) to ensure successful implementation.

3) Allocate resources for proper training. Oftentimes, warehouse managers fail to consider the costs and importance of proper training for a new solution roll-out. Managers can justify this by showing the time spent correcting mistakes or on manual entry, and how a new solution will improve these processes. This is an important final step of the justification.

For more on this topic and additional resources on warehouse management systems, check out: Three Steps to Justifying a WMS Budget

After a few months of hard work, the eStockCard Team is glad to present to our customers and users with the latest version of Chronos eStockCard v3.1.3. As usual, we continuously improving our eStockCard Inventory Software to make it better and better as this is our passion and commitment towards our product. We sincerely hope eStockCard will benefit everyone in the business as well as solving all their inventory issues.

In this new version, we have done quite a number of enhancements and bug fixing. Furthermore, we would also like to take this opportunity to thank the customer and users who had contributed their great ideas in this release. Please refer to the enhancement and bug fix list as below:-

Enhancements:

1. Able to select the different types of documents to be print out from the Sales and Purchase Module screen.
2. Current items quantity can be viewed from the Sales Quotation screen when adding the items.
3. Able to custom info column in the Customer Master Maintenance and add them in the Sales Quotation and Sales Invoice screen.
4. To reprint the barcode label for items which are no longer in stock.
5. Printer overwrite function for the user to use different type of printer at different workstation PC.
6. Adding a check box for the Alert Event message.

Bug Fixed:

1. All the dock panel screen function properly.
2. The Ship To address can be viewed/printed out in the Sales module.
3. The format date for label reprint to print date only.
4. Solve the load of the grid issue for intercompany.
5. The location message blow up when there are no locations available in the Location Master Maintenance screen.
6. Default Currency Setting.

If you encountered any issue with this release, feel free to inform us at support@estockcard.com. Thank you.