Manage all material inwards and outwards with detailed records, ensuring accurate stock levels.
Monitor material consumption against predictions, helping to minimize waste and optimize resource allocation.
Track payments for materials and manage outstanding balances, enhancing financial transparency.
Use detailed consumption charts and data to make informed decisions and manage resources effectively.
Easily request and approve additional materials when needed, ensuring smooth project operations.
Capabilities
Product Management
The Product Management feature is essential for maintaining a comprehensive inventory of all materials used in real estate production. It allows businesses to track stock levels accurately by entering detailed product information, including purchase and sales rates, opening stock and re-order points. By connecting with the consumption budget and providing a detailed stock ledger, this feature ensures that materials are available when needed, preventing delays in production and optimizing resource use.
Material Inwards
The Material Inwards feature streamlines the tracking of all materials purchased from vendors or manufacturers. It records crucial details such as purchase date, vendor information, product volume and payment status. This module ensures that all incoming materials are documented accurately, enabling businesses to manage inventory levels effectively and maintain financial oversight by tracking outstanding payments.
Material Outward
The Material Outward feature is designed for tracking materials that are sold to external buyers. It records essential details such as the recipient, date of the transaction, products involved, volume, price and taxation. Additionally, it tracks payments received or any outstanding balances associated with the sale. This feature ensures that all outgoing materials are documented accurately, providing clear records for financial and inventory management. By maintaining detailed records of material sales, businesses can ensure transparency, optimize inventory levels and improve financial oversight.
Material Consumption
The Material Consumption feature provides a detailed record of how materials are used in production. By tracking the date, project, material type, volume used and approvals, it offers a clear picture of material usage. This feature also allows businesses to store related photos, providing visual documentation. By monitoring consumption closely, companies can identify patterns, reduce waste and ensure that projects remain within budget.
Material Consumption Setup
The Material Consumption Setup feature allows businesses to define consumption limits and predict material usage for each project. It enables the creation of detailed charts that compare actual consumption against forecasts, supporting data-driven decision-making. If more materials are needed, managers can request additional resources, which can be approved or declined. This feature ensures that material usage is planned effectively, minimizing waste and optimizing resource allocation across projects.
Pain Points
Inaccurate Inventory Tracking
Without proper tracking, businesses struggle with overstocking or stock shortages, leading to delays and inefficiencies.
Unmanaged Material Usage
Lack of detailed consumption tracking results in waste, overuse of materials and budget overruns.
Financial Discrepancies
Inadequate management of material payments and outstanding balances leads to financial mismanagement and potential losses.
Inefficient Sales Tracking
Without tracking material sales to external buyers, businesses face challenges in financial reporting and inventory control.
Data Gaps in Decision Making
Absence of detailed consumption data and predictive analysis hampers informed decision-making and resource optimization.
Increased Operational Costs
Poor inventory management leads to unnecessary costs and inefficiencies, impacting overall profitability.
