Batch and Expiration management

When you are in a business to sell goods that expire over period of time and you have the ability to return near expiring goods back to the supplier, management of expiration dates become critical for you. HDPOS smart as the complete inventory management system also keeps track of your batch numbers and their corresponding expiration dates.
  • You can query HDPOS any time to find all near expiring goods and create a purchase return for them. Essentially saving you from all the losses you would have had to face due to expired goods.
  • Batch management in HDPOS smart is very strong. Once you tell this inventory management software that you keep a certain items in multiple batches you get extensive information about that items' stock and in batches.
  • You can view the consolidated stock of such items in any warehouse as well as see the stock broken up by individual batch number and expiration date. You can also move stock of specific batch of item from one warehouse to another.
  • Moreover, this billing and inventory management software also allows you to select specific batch of an item at the time of billing so that your stock is managed absolutely accurately.
  • If you do not have the feasibility of being able to specify batch numbers at the time of billing due to time constraints at the billing counter, you can ask HDPOS to apply the batch numbers to the sales invoices based on earlier expiration dates first marked.
  • This auto batch functionality of stock management system helps you manage your expiration dates as well as keeps the billing process fast and efficient.
  • Many of the users of this inventory system software have used the batch management functionality in various different ways, for example: even if your product does not have expiration date and also does not have a batch specified to it by the manufacturer you can use this functionality to specify your own batch number to segregate the stock of same item for various reason like different supplier, different prices, different taxes etc.

Best Inventory Management System: Batch Management

This is a very powerful feature in HDPOS which allows you to maintain the stock of the items in different batches. Depending upon your business needs, it can be used in the following situations:

Used Case 1: To handle price fluctuations of the item.
Sometimes in your business the prices of the items goes up and down but you want to maintain the stock of the items based on their prices. HDPOS smart allows you to manage these situations easily by creating a batch for every price change. At any point of time you can view the stock of individual batch or cumulative batches. It also provides information of the batch(es) while selling the items so that the sales person can select the batch that is belonging to a specific price.

Used Case 2: To handle expiry dates of the item.
In some business items do have expiry dates and once it gets expired they cannot be sold. Every shop owner wants to sell out the stock of the items before they are getting expired. In such situations batch functionality plays a crucial role for your business. It has been designed using an intelligent algorithm which allows you to sale the items on first-in-first-out basis or sale earliest-expiry-date-first basis.

Batch Management in HDPOS smart

HDPOS Smart provides the following interesting features as a inventory management software:
  • In HDPOS smart there are two types of batches i) Auto Batch ii) Manual batch.
  • Choose Auto Batch for your items if you want to sell in first-in-first-out basis.
  • Choose Manual Batch if you want to select the batch of an item while making an invoice for it.
  • Maintain different purchase/sales price for each batch.
  • Receive and sell your items as per batch.
  • Manage your item's Expiry date.
  • Sell your items as per Auto batch or Manual Batch.
  • If you are manufacturing, manage your raw material as per batch.
  • Update the batch details of an item as required.
  • View batch wise stock details of an item.
  • Search the item's stock that is going to expire in certain number of days.

Features