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Barcoding & Inventory Management

  • The more inventory you have, the more it costs. The more it cost, the less you earn
  • The less inventory you have, the less sales is made. The less you earn

RanceLab® FusionRetail™ 6 helps you to keep right inventory to increase profits and reduce cost.

RanceLab® FusionRetail™ 6 Inventory can be implemented very fast without hampering the sales and other day-to-day processes. This means you do not lose anything while implementing. It includes a complete Stock Accounting for any number of Products and SKU's with a set of user definable options to suit your business needs.

Bar-coding: Manually recording item X while buying and selling item Y causes stock mismatch. The result is un-reliable stock report. RanceLab® FusionRetail™ 6 barcode integration eliminates these errors and also speeds up your purchase and sale process. Barcode designer and one click generation of barcode labels with laser or barcode printers makes the process easy.

Inventory Hierarchy

Inventory Hierarchy

The correct hierarchy is the mother of all MIS (Management Information System). Correct categorization is half job done in retail.
RanceLab® FusionRetail™ 6 Inventory helps you to correctly classify and categorize complete stock accounting for any number of products and SKUs. With our innovative procedures you can avoid common mistakes and create a healthy hierarchy which in turn helps to reduce the stock cost.

Opening Stock

Opening Stock

You can simply scan the product UPC/EAN and provide information such as quantity, cost price, MRP, sale price and other dimension of like size, color, design, etc. as applicable.

Purchase Management

Purchase Management

RanceLab® FusionRetail™ 6 Purchase instantly displays last purchase details, auto-fill last prices, and separate classification for each purchase and to track and monitor good and bad business associates. It also helps to crate a correct master when you are adding new products.

Sale Management

Sale Management

POS – Point Of Sale – A do–it–yourself section of RanceLab® FusionRetail™ 6 Inventory. It shoulders the responsibilities of an operator and boosts her for greater productivity. A concise, to-the-point and ready to use options loads them like a soldier on a war-front.

Stock Maintenance

Stock Maintenance

Plan your merchandize by quickly looking at its performance in your inventory book. RanceLab® FusionRetail™ 6 generates a few selected and finest inventory reports that facilitate an entrepreneur in making the right decision at the right time.

Barcoding & Inventory Management has following features:

Product Related 5 Level Hierarchy

  • Location – Warehouse
  • Department
  • Groups (Category)
  • Sub Groups (Sub Category)
  • Brands

Products with Different Matrix like

  • Size, Color, Design
  • Serial Number, Warranty, IMEI Number
  • Mfg Date, Expiry Date, Batch Number Or User–definable Matrix and Matrix Field Lists (Edition Check)
  • Prepaid – (Edition Check)
  • Bin Location for Stock Identification
  • Easy Capture of Inventory Images
  • Barcode Label Designer
  • Multiple Unit Maintenance
  • Auto Fill Last Cost and Sale Price at Purchase
  • FIFO [First In First Out] Method of Selling

Transactions

  • Opening Stock
  • Purchase Order, Purchase Invoice and Purchase Return (Debit Note)
  • Stock Transfer to Branch or Warehouse
  • Stock Journal (Repackaging) Production Consumption
  • Physical Stock Verification and Adjustments
  • Sale Order, Sale Invoice and Sale Return (Credit Note)
  • Rate Changes (Edition Check)

Reports

  • Purchase Order, Invoice and Returns Register
  • Sale Order, Invoice and Returns Register
  • Stock Ledger and Statement
  • Stock Transfer Register
  • Stock Journal Register
  • Opening Stock Register
  • Physical Stock Report
  • Stock Discrepancy Statements
  • Stock Discrepancy Adjustments
  • Tax Register