Managing inventory efficiently is key to maintaining smooth business operations. Waakit’s Inventory Management system helps you track stock levels, monitor purchases, and manage item details with ease. Whether you’re handling bulk procurement, tracking inventory movements, or analyzing stock reports, Waakit provides real-time insights to help you make informed decisions and avoid shortages or overstocking.
1. Purchases
Keeping an accurate record of purchases helps maintain stock levels and ensures smooth supply chain operations. Waakit lets you log purchase details systematically for better organization.
- Vendor Information: Store supplier details for easy reference and reordering.
- Invoice Management: Track invoice numbers, payment statuses, and due dates.
- Purchase History: View past transactions to analyze procurement patterns.
2. Item Management
A well-organized inventory prevents mismanagement and stockouts. Waakit enables detailed item tracking for better control over stock levels.
- Quantity Tracking: Monitor available stock in real time.
- Cost & Valuation: Keep records of item rates, purchase prices, and overall inventory value.
- Category & SKU Management: Organize products by categories, brands, or SKU codes.
3. Reports
Data-driven decisions improve efficiency and reduce waste. Waakit generates detailed reports to help you monitor inventory trends and procurement effectiveness.
- Stock Level Reports: Identify low-stock or overstocked items.
- Purchase Analytics: Track vendor performance and spending trends.
- Custom Reports: Filter data by product, date, or vendor to extract meaningful insights.
4. Stock Adjustments
Stock discrepancies can cause significant operational issues. Waakit helps you adjust stock levels efficiently to reflect actual inventory.
- Stock Reconciliation: Match physical stock with recorded quantities.
- Loss & Damage Logging: Record stock losses due to damages or expirations.
- Transfer Management: Track inventory movements between locations or warehouses.
5. Automated Alerts & Reorders
Running out of stock can disrupt operations. Waakit helps you stay ahead with automated alerts and intelligent reordering features.
- Low Stock Notifications: Get alerts when items reach a predefined threshold.
- Automated Reordering: Set rules for auto-purchasing based on stock levels.
- Supplier Coordination: Notify vendors automatically when replenishment is needed.
Take Full Control of Your Inventory with Waakit
From purchase tracking to stock management and reporting, Waakit’s Inventory Management system ensures your business stays organized, efficient, and ready to scale. Reduce waste, prevent stockouts, and manage inventory seamlessly with real-time insights and automation.