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Retail Clouds

Retail Clouds is the Omni Channel platform for Retail Businesses. Intelligent Robotized SaaS platform for Retailers.

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Stocks

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You can view stocksacross locations and zones. You can further narrow down the stock search and view by using filter parameters shown in the Figure. You may find the following options under the Stocks Menu.

  1. Stock History - Closed Stock Quantity on each day.
  2. Available Stocks - Item wise current stock.
  3. Day wise Stock.
  4. Ordered Stock - Ordered stock that is in pipeline.
  5. Critical Stock - Stock Items that are below reorder point.
  6. Blocked Stock - Stocks that are blocked because Online/Omni Channel Orders.
  7. Returned Stock - Stocks that are returned back to suppliers.
  8. Boneyard - Stock that cannot be sold.
Stock History

TechnoLabs Retail Cloud gives the stock quantity of each item that was recorded at end of the day. All products and variants are recorded on daily basis. For example, if a product has more than one MRP, the system stores the history each MRP wise. You can look at the stock on previous day. You may also Save as csv file and use it for further data processing.

This flows gives Location wise products and their stocks. You can get specific products using the filter parameters given in the Header Section. You can also search specific product using search bar. You do have provision to save the stock items as csv file.

Please note the following fields and their importance.

  1. Batch Number: Retail Cloud supports batch and item wise tracking. Using batch number, you can control Ageing and product expiry.
  2. Expiry Date: It gives expiry date, if batch is mandatory for the product. The system forces the user to enter the Expiry Date while doing stock in.
  3. Size/Measure Range: It gives size/weight of the product.
  4. UOM: is the unit for the product. KG, PCS, etc are the units available.
  5. Pack Qty: A product may be in loose or in packed form. It shows both packed quantity and actual stock quantity. For example, if you have stock of 10 packs of 2 KG sugar, its packed quantity is 10. Its stock quantity is 20 KG.
  6. Stock Value: It is stock qty multiplied by the cost price. In other words, it is total stock value of the item with in the selected Location/Store.
  7. Re-Order Point: The stock quantity of a product should not fall below the Re-Order Point. Procurement must happen when the stock quantity reaches re-order point. Depends on the Lead time and average consumption.
  8. Total Quantity: is the sum of all items quantities. This more meaningful when you select items of same category and with same UOM.
  9. Total Cost: Total Cost of the items that are displayed.
Available Stock

The display and GUI remains the same as that of earlier one. However, it displays all products that are ordered and PO is released to the Vendor/Supplier. It is assumed that you are using Procurement Service of the Retail Cloud.

It shows all products where their quantities are equal or below the re-order point. In good Inventory Management system, we supposed see that there is no stock outs. In other words, stock should never go below the re-order point.

We treat each store as fulfillment Centre for Online and other sales channel orders. When an order is confirmed at the store, the stock get blocked. The blocked stock cannot be billed for normal walk-in customers. The blocked can be unblocked only when the orders get Cancelled.

Returned stock gives stock that was returned back to the Vendors between two dates. Whenever stock it is returned, the outlet products stock gets reduced. Every Return may generate Debit Note. Returns are quite common due to various reasons including quality.

All items that cannot be sold are marked as boneyard. You can mark any item as non-sellable at various points.

  1. While billing, you can mark any item as non-sellable.
  2. While doing stock verification.
  3. While getting stocks to outlets.

Non-sellable items can be either liquidated or written-off.