The iReckoner Material module helps in the planning and control of inventory, purchase, goods receipt and material issue. This module enables efficient buying, stocking and handling of stock assets. By accumulating and analysing essential information from other iReckoner modules, the system promotes optimal inventory investment and accurate order fulfilment. This in turn results in the purchase of the right items in the right quantities at the right time and prices. Different departments send requisition to the purchase department. There are material issue and stock transfer generated in the system. Stores receive the material through GRN.
(i) Document is generated at each step in the process
(ii) Data once entered gets copied to the next document automatically through reference document hence saves data entry time as well as prevents errors.
(iii) Approval process can be defined for different documents based on the organization's work flow
(iv) Different reports are available to get the online real time position of stock
