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Stores Business Processes

The following are the business transactions (referred as Business Transaction Classes in GoodBooks) available in Stores module.     Please refer to section on Business Transaction in GoodBooks section to understand what are Class, subclass and Types etc and to get any details on them Some of the transactions may not be applicable to your organization. Some of the transaction may appear differently. Please refer to your implementation consultant for any clarification.
Business Transaction Particulars
Opening Stock Stock of materials available in each of the store at the time starting the system.  This  is an one time activity.
Indent Requirement of material from various departments are registered. These can be either automatically done using planning methods or manually entered.
Purchase Requisition Materials that are to be bought-out from vendors are informed to Purchase department using these transactions.
Material Inward Materials may be received at stores based on the Purchase Order raised.  Depending on the process adopted at the enterprise these can be either combined with inspection or not.Various stage of entry also can be done viz., Gate Entry, Arrivals, Inspection etc
Inspection Materials, which are to be inspected separately due to various reasons, can be done using this option.
Issues Materials that are delivered to various departments from stores
Issue Return Any excess or line-rejected materials returned from departments to stores
Return Delivery Rejected materials that are sent back to vendors.
Stock Adjustment To record any streamlining of physical and book stock by adding or removing stock.
Stock Value Adjustment To account any valuation correction on stock.
Miscellaneous Delivery Note Materials when sent outside the organization for purposes that are not standard, like repair, on loan etc can be registered here.
Miscellaneous Material Inward Materials when received from outside for non standard purposes can be recorded here.
Stock Transfer Transfer of Materials from one store to another.
Physical Stock Details of Physical Stock taken. Usually done on a monthly basis or during audit and year end.
Stock Valuation Stock Valuation of items done.  Various methods of valuation are available.
Production Materials produced and handed over to stores are recorded here.
Variance Materials, which are quality specification dependent, and the quality levels having a corresponding commercial (price) impact automatic debit and credit note can be raised.
Variance Settlement
Debit/Credit Note Materials, which are quality specification dependent, and the quality levels having a corresponding commercial (price) impact automatic debit and credit note can be raised.
Form Follow-ups Material transactions requiring various forms like Form C,H etc are tracked and updated using this option.
Dispatch Details Materials sent by us or the vendor can be tracked during transit and for acceptance using this option.

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May 8, 2014 @ 05:30:56Current Revision
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Deleted: Stores Business Processes Added: Stores Business Processes (Transactions)

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