Hofinsoft undertakes to carry out assignments in organizations with large number of stock units/locations for their annual physical stock verification and reconciliation activities. We implement BARCODE technology which will be very efficient and accurate to maintain the Inventory.

• Physical stock verification and Reconciliation – Quantity / Description

Physical stock verification and reconciliation is carried out for tallying the ledger quantity with physical quantity.

• Auditing stock quantity, location, description against ledger entry.

Annual auditing can be taken in order to verify the accuracy of the inventory with respect to available stock, location and description against ledger entry.

• Surplus Materials return to stock

Project Surplus materials are returned to stores based on identification of suitable material code, if the code is not available then suitable code, Bin location and tags are created for the material and added in to stock.

• Inspection on Materials and Identifying damaged and expired items.

Physical inspection of materials and identified the damaged and expired items. Damaged items are moved in to scrap as per client policy/approval.

• Reconcile the identified discrepancy.

Identified discrepancy is updated in to Ledger entry by the approved procedures.