Wings ERP FMCG

Wings ERP helps effective management of receivables and payables:

• Bill-wise Accounting
• Overdue Bills
• User-Defined Ageing Analysis to control old receivables and payables
• Bulk Reminder Letters from reports to efficiently follow up
• Interest calculation on overdue bills
• Reminders by email and SMS

Manage inter-branch transactions:

• Stock requisition from branches.
• Stock transfers against requisitions
• Funds requisition from branches
• Cash and Bank transfers to branches against requisitions

The most complete inventory management in its class, Wings helps you manage inventories efficiently to reduce inventory holding costs.

Products

Manage any number of products with product codes and detailed attributes like product types, product categories, sub-categories, brands, class, sub-class, season, style etc.

Auto SKU Generation based on product attributes like colour, batches, manufacturing date, expiry date and size are also possible. The software also takes care of multiple units of measure including conversion factors - kilos, litres etc. and multiple locations of inventory and retailing such as warehouses, go downs and outlets. Product and batch transfers, excesses and shortages, damaged stock management, reorder management and valuation are a few of the many breakthrough features.

Batches

Wings manages Batches easily:

• Track stock at Batch level
• In Batches, include branch, transaction date, financial year, MRP, product, product code, supplier batch text, manufacturing date and expiry date.
• A unique Batch for every purchase, when MRP changes, when manufacturing date/expiry date changes.

Reports

The below graphical representation shows the list of various reports covered under the Inventory module:

• Stock Ledger
• Stock Lists
• Stock Lists with Alternate UOM
• Stock List with Price Lists-
• Stock Balances
• Stock Valuation
• Stock Valuation by Branch
• Stock Ageing
• Stock Transaction Analysis
• Reorder Reports

Barcodes

Assign barcodes to products and scan them while entering transactions.

The barcode interpreter helps configuring how products are scanned in transactions. Design barcodes with parameters such as product code, MRP, Unit Price etc. and print them.

Multiple Units

Maintain products in base and alternate measurement units. Use conversion factors to convert from one unit to another.

Locations

Maintain inventory across multiple locations within each Branch.

Bins

Manage inventory by bins where it is stored.

Stock Conversion

Convert items of one unit to another. For example, convert bags to packets, drums to litres etc.

Internal consumption, Excesses & Shortages

Record internal consumption, excesses and shortages of stocks found.

Valuation

Wings does valuation of inventory by Weighted Average and Weighted Average Monthly methods.

Stock Taking

Do complete Stock Taking on Wings. Initiate the process, take physical stocks and determine variances.

Reorder

Minimise inventory holding costs. Manage stocks to reorder. Maintain reorder, minimum and maximum levels. Take reports of stocks to be reordered.

Create and manage any number of budgets, for any account or group of accounts, segment-wise, for any period. Get variance analysis to help manage better:

• Branch-wise Budget Variance
• Division-wise Budget Variance
• Department-wise Budget Variance
• Project-wise Budget Variance
• Profit-Centre Budget Variance
• Cost-Centre Budget Variance

Bill of Material

Create and manage any number of Bills of Material. Specify input materials, quantities, etc for a specified quantity of manufactured goods.

Standard prices

Maintain standard production rates for your products.

Issue Stock

Issue stocks to product units based on the work orders raised against the chosen finished product.

Receive Finished Goods

Record receipt of finished goods from production.

Product Batch Policies

Maintain policies for creation of product batches manufactured. Specify parameters including if batches are to be created automatically or manually.

Process work orders

Process work orders placed with your production unit.

Returned Stock

Record the details of stocks returned by the production unit, for example, excess stocks returned.

Close Work Orders

Choose from the list of open work orders to be closed.

Wings Analytics helps you to sell more by gathering deep, meaningful insights about your data points, aggregated sales data from POS to track fashion trends and seasonalities and helps to serves customers tastes. As fashion industry is trendy, retailers cannot stock the same product for years. Wings analytics track those changing trends and understand local target markets.

Incorporating predictive analytic tools, Wings helps retailers improve demand forecast accuracy and suggest better allocation and replenishment strategies.