Tranquil ERP facilitates maintenance of optimal stock levels, eliminating stockouts and overstocking. Reduce carrying costs with lean inventory and avoid loss of sales with adequate stocks. The inventory management system tracks all your inventory, including on-premises, in the warehouse, stock shipped, stock on the way, sales, deliveries, orders, and returns.
Inventory Management
Optimize Your Inventory with Tranquil ERP Inventory Management Module.
Maintain Optimal Stock
Inventory Valuation
Inventory Valuation in Tranquil ERP
Costing Methods
Accurately value your inventory using various methods such as FIFO, LIFO, and weighted average. Keep your financial records precise and compliant with accounting standards.
Average Cost
Calculate the average cost of items over time, providing a balanced approach to inventory valuation.
Standard Price
Use standard pricing to maintain consistent inventory costs, making it easier to manage budgets and financial planning.
Real-Time Accounting Records
Automatically generate real-time accounting records for every inventory transaction, including stock purchases, scraps, and other inventory actions. This ensures that your financial data is always up-to-date
Batch and Serial Number Tracking
Batch Tracking
Assign batches to products and monitor their movements throughout the supply chain. Track batches in Goods Received Notes (GRN), sales orders, sales invoices, and Goods Delivery Notes (GDN) for complete visibility.
Serial Numbers and Expiry Date
Utilize serial numbers and expiry dates to track each item in your warehouse. This ensures precise inventory management and helps maintain product quality and compliance.
Pick
Smart Automatic Batches:
Enhance picking efficiency by creating automatic batches based on shipping carriers, serial numbers, specific quantities, and total weight. This system is designed for picker convenience, reducing time and effort.
Backorder Management
If stock is insufficient, Tranquil ERP provides the option to create backorders. This ensures that orders are fulfilled promptly once new stock is available.
Pack
Barcode Assignment:
Assign barcodes to sealed packages for accurate content tracking. Each package’s barcode ensures easy tracing and verification.
Location Updates:
Keep track of each package’s location with real-time updates. The system reflects the location of the contained products, enhancing inventory accuracy and streamlining the shipping process
Multi units of measurement (UoM)
Define different units of measurement according to the type of products you sell. The Multi UoM Feature of the Inventory Management Module allows you to define unlimited types of measurement units, like grams, liters, meter, box, packet, strip, carton, and much more.
Enjoy increased flexibility in maintaining your inventory in the unit of measurement you prefer, simplifying complex calculations, saving you time, effort, and cost. The same product can be purchased, stored, and sold with different UoMs. Say you buy a product in cartons, but sell them as piece, or box (of a fixed number of individual pieces) The software will automatically calculate the accurate per unit price despite the multiple units used
Bundling
Tranquil Inventory Management solution helps you ensure maximum sales and minimal deadstock with the bundling feature. The software offers product combinations of related products that help increase sales and revenues.
Bundling is a cross-sell method that helps you sell slow-moving products by combining them with popular products and offering small discounts on the total price or other benefits. With every bundle sale, the stock level of each individual item is deducted from the inventory immediately.
Inventory Reporting and Analytics
Generate detailed reports and analytics to gain insights into your inventory performance. Identify slow-moving items, optimize stock levels, and improve your inventory turnover rates.
Inventory Transfers
Have multiple warehouses/branches?
Search for the stock levels at your other locations and easily transfer products from one warehouse to another while Tranquil warehouse inventory management software automatically adjusts your stock value.
Adjust stock levels of products for various reasons such as damage, internal adjustment, scrapped, shrinkage etc.
Stock adjustments for multiple products simultaneously are also supported
With Tranquil Inventory Management Module, you can achieve greater visibility and control over your inventory. Enhance your operational efficiency, reduce costs, and improve customer satisfaction with our robust inventory management solution.
Video
Quick walkthrough of the major features.
Infographic
How business benefits from Project Management.
Blog
Best practices and frequently asked questions.
Why Choose Tranquil Essentials
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Improve Planning
Ineffective coordination can cause substandard tasks resulting in project failure
Boost Cashflow
Estimate more accurately and reduce tender or financial losses to fulfill your obligations.
Manage Processes
Easily Manage every project detail to deliver on time, on budget and with greater ROI.
What is Tranquil Inventory Management?
Tranquil Inventory Management offers a unified, real-time view of your dashboard inventory across all locations and sales channels. This enables businesses to reduce on-hand inventory, freeing up cash while preventing stockouts. By optimizing inventory levels and ensuring product availability across multiple channels, Tranquil Inventory Management helps businesses minimize inventory costs while consistently meeting customer expectations.
Inventory & cost control
Will get the real-time inventory data is to make good purchasing decision and reduce inventory costs. Companies should be able to identify non-moving, slow-moving stocks, purchase return and cash flow.
Accounting
Complete financial including General Ledger, Profit & Loss, Balance Sheet, Cash & Funds Flow, Bank Reconciliation, PDCs etc.
Reporting
Tranquil provides an in-depth data analysis and reports that will help you to analyze and measure your business performance and make quick and informed decisions.
Order management
Allow to streamline the process of placing orders. It can generate purchase orders and send them out to the correct vendor once you decide. Track the orders and ensure you get your products on time without delays.
Customer management
Maintain detailed records of customers like contact details, past purchases, preferences, and so on. Analyze purchase behavior to craft tailor-made marketing messages and offers for them. Increase customer satisfaction and retain customers.
Purchase Management
Maintain detailed records of vendors and your purchase history with them, including purchase orders, returns, quality checks, and so on. Evaluate suppliers on procurement cost, material quality, and time taken for delivery.
Warehouse Management
Keep track of what stocks are required at what time, and manage the supply chain better. Barcode integration and support for RFID tags makes it quick and easy to monitor products and identify which products are selling quickly, need to be replaced, are slow-moving, etc.
Supply Chain Management
Manage demand and purchase effectively with automation of goods transportation, warehouse management, and other supply chain activities. Get real-time information and increased visibility into use of resources in production, and plan production jobs and delivery more efficiently.
Inventory Management
Most important function. Offers a host of features that make your job simple. Track inventory levels of different items, and get notified when the stock of products goes below specific levels.
Frequently Asked Questions
What is the Tranquil Inventory Management Module?
Tranquil Inventory Management Module offers a comprehensive solution for tracking and managing inventory across multiple locations and sales channels. It provides real-time visibility, automated processes, and advanced analytics to optimize inventory levels and improve operational efficiency.
How does the Inventory Dashboard help in managing inventory?
The Inventory Dashboard provides a real-time overview of inventory status, including key metrics and trends. It helps managers make informed decisions quickly by monitoring stock levels, order statuses, and inventory performance.
Can Tranquil handle inventory management across multiple locations?
Yes, Tranquil supports multi-location inventory management. You can track and manage inventory across different warehouses or stores, optimizing stock distribution and ensuring efficient order fulfillment.
Can Tranquil track products using serial numbers and batches?
Yes, Tranquil uses serial numbers and batch tracking to improve product traceability. This includes tracking each item’s movements in Goods Received Notes (GRN), sales orders, sales invoices, and Goods Delivery Notes (GDN)
What kind of reporting and analytics does Tranquil provide for inventory management?
Tranquil offers detailed reporting and analytics on inventory performance. This includes reports on stock levels, slow-moving items, inventory turnover rates, and more, helping you make informed decisions
How does Tranquil handle inventory transfers between locations?
Tranquil facilitates seamless inventory transfers between different locations. It tracks and manages internal stock movements, ensuring optimal inventory distribution and availability.
Can I customize the alert levels for different products?
Yes, you can set customized low stock and reorder levels for each product based on your business needs and inventory turnover rates.