Revolutionize Your Inventory with GO-Stock RFID
Experience unparalleled accuracy, efficiency, and real-time visibility in your stock management with RQMMYAT’s cutting-edge GO-Stock software, powered by RFID technology.
Trusted by Industry Leaders
Key Features of GO-Stock
1. Stock Count by RFID
Users initiate a stock count by selecting a specific warehouse or area within GO-Stock. Using a handheld RFID reader connected to the software (or data uploaded post-scan), operators walk through the designated area, scanning items.
GO-Stock Interface:
- Live Count Display: As items are scanned, the software displays a real-time count.
- Discrepancy Reporting: Automatically highlights discrepancies between the system’s recorded quantity and the RFID scan.
- Count Reconciliation: Provides tools to investigate discrepancies, approve adjustments, and update inventory records.
- Batch Processing: Option to upload scan data from offline RFID readers.
2. Stock Tracking by RFID
RFID readers placed at various checkpoints (e.g., warehouse entry/exit, specific aisles) continuously monitor item movements. Handheld readers can also be used for on-demand location checks.
GO-Stock Interface:
- Real-time Location Map: A visual representation of item locations on the scanned floor plan.
- Movement History: Detailed log of when and where an item (or batch of items) was last scanned.
- Search & Locate: Users can search for specific items by name, SKU, or RFID tag ID to pinpoint their current location.
- Alerts: Notifications for misplaced items or items moving outside designated zones.
3. Stock Issue and Receive from the Warehouse
Integrated with RFID, this ensures accurate and efficient goods movement. As new shipments arrive, RFID tags are scanned at the receiving dock. For outbound shipments, items are scanned as they leave the warehouse.
GO-Stock Interface:
- Receiving Module: Users select a purchase order (if applicable) and scan incoming items. GO-Stock automatically updates inventory levels and verifies against the PO.
- Issuing Module: Users select a sales order or create an internal transfer. Scanned items are deducted from inventory, and a record of the issue is created.
- Automated Updates: Real-time inventory level adjustments upon successful receipt or issue.
4. Stock Items Definition in GO-Stock Software
New items are configured within GO-Stock, setting up their unique attributes.
GO-Stock Interface:
- Item Master Data: Fields for SKU, product name, description, unit of measure, category, weight, dimensions, and other relevant attributes.
- RFID Tag Association: Option to define whether the item will be RFID-tagged and its default tag type.
- Custom Fields: Ability to add user-defined fields to capture specific business data.
- Image Upload: Attach product images for visual identification.
5. Defining RFID Tags for New Arrival Items
When new items without pre-assigned RFID tags arrive, GO-Stock facilitates the tagging process.
GO-Stock Interface:
- Tag Encoding Station: A module to connect to an RFID printer/encoder.
- Batch Tagging: Option to generate and encode multiple tags for a batch of similar items.
- Individual Tag Assignment: Manually assign a unique RFID tag ID to a specific stock item.
- Verification: Confirm that the tag has been successfully written and associated with the correct item in the system.
6. Using Vendor Bills to Record Stock Items
Integrating the procurement process directly with inventory.
GO-Stock Interface:
- Bill Management: Users can input or import vendor bill details.
- Item Matching: Line items on the vendor bill are matched with received stock items.
- Costing: Automatically updates item cost based on the vendor bill, enabling accurate inventory valuation.
- Payment Tracking (optional): Basic tracking of vendor bill payment status.
7. Matching Item Issue with Sales Orders from the ERP
GO-Stock seamlessly integrates with the company’s existing ERP system to streamline order fulfillment.
GO-Stock Interface:
- ERP Integration Module: Configures API connections or data import/export routines with the ERP.
- Sales Order Synchronization: Imports open sales orders from the ERP into GO-Stock.
- Pick-Pack-Ship Workflow: When items are picked and scanned for a sales order using RFID, GO-Stock automatically marks them as “issued” against that specific sales order.
- Real-time Updates to ERP: Can push back fulfillment status (e.g., “picked,” “shipped”) to the ERP system, updating order status.
8. Matching Items Received with Purchase Orders from ERP
Ensures that incoming goods align with what was ordered, leveraging ERP data.
GO-Stock Interface:
- Purchase Order Synchronization: Imports open purchase orders from the ERP.
- Receiving Against PO: When items are received and scanned via RFID, GO-Stock matches them against the corresponding purchase order.
- Variance Reporting: Highlights discrepancies between received quantity and ordered quantity.
- Automatic PO Closure/Partial Receipt: Updates the PO status in GO-Stock and potentially in the ERP (if integrated).
9. Scanning the Floor Plan on the Software to Locate Stock Items
Create a visual representation of the warehouse or storage area.
GO-Stock Interface:
- Floor Plan Uploader: Users can upload CAD drawings, images, or create basic layouts of their facility.
- Zone & Location Mapping: Define specific zones (e.g., aisles, racks, shelves) on the floor plan.
- RFID Reader Placement: Mark the location of fixed RFID readers on the map to visualize coverage.
- Interactive Item Locator: Clicking on a location on the floor plan displays items currently stored there. Conversely, searching for an item highlights its location on the map.
- Heatmaps: Potentially visualize areas with high stock density or movement.
10. Custom Tagging
Beyond standard product tagging, GO-Stock allows for flexible tagging to meet unique business needs.
GO-Stock Interface:
- Custom Tag Fields: Define additional data fields to be encoded onto RFID tags (e.g., manufacturing date, batch number, serial number for specific assets).
- Tag Type Management: Support for different RFID tag types (e.g., passive, active, various frequencies) and their specific configurations.
- Serialized Tagging: Assigning a unique tag to each individual item, even if they are of the same SKU, for granular tracking.
11. Reports for All the Above in the Software
Comprehensive reporting is crucial for decision-making and operational insights.
GO-Stock Interface:
- Inventory Status Report: Real-time stock levels, inventory value, and stock aging.
- Stock Movement Report: Detailed history of all issues, receipts, and transfers.
- Discrepancy Report: Highlights differences between physical counts and system records.
- RFID Scan Log: Raw data from RFID scans for auditing and troubleshooting.
- Order Fulfillment Report: Status of sales orders and associated stock issues.
- Receiving Performance Report: Efficiency of goods-in processes.
- Location Utilization Report: Analysis of warehouse space usage.
- Custom Report Builder: Users can create their own reports by selecting desired data fields and filters.
- Dashboards: Visual summaries of key performance indicators (KPIs).
Solutions for Every Industry
GO-Stock is designed to be flexible and adaptable, offering tailored solutions to meet the unique inventory management challenges of various sectors.
Retail
Optimize shelf availability, reduce stock-outs, and improve customer experience with real-time retail inventory tracking.
Manufacturing
Streamline raw material and finished goods inventory, enhance production efficiency, and ensure traceability.
Logistics & Warehousing
Maximize warehouse space, accelerate inbound/outbound processes, and achieve complete visibility across your supply chain.
About RQMMYAT & GO-Stock
RQMMYAT is a leading innovator in enterprise solutions, dedicated to empowering businesses with advanced technologies. GO-Stock is our flagship RFID-enabled stock management software, born from a deep understanding of inventory challenges faced by modern industries. Our vision is to provide unparalleled accuracy, efficiency, and real-time control, transforming the way businesses manage their valuable assets. We are committed to continuous innovation and delivering solutions that drive tangible results for our clients.
Benefits of Using GO-Stock with RFID
Accuracy
Eliminates manual counting errors, leading to near 100% inventory accuracy.
Efficiency
Drastically reduces time spent on stock counts, receiving, and issuing.
Real-time Visibility
Provides immediate insights into stock levels and locations.
Reduced Labor Costs
Automates many tedious and time-consuming inventory tasks.
Improved Order Fulfillment
Faster picking and packing, leading to quicker dispatch and higher customer satisfaction.
Reduced Shrinkage
Better tracking deters theft and identifies misplaced items quickly.
Optimized Space Utilization
Accurate data helps in better planning of warehouse layouts.
Better Decision Making
Data-driven insights for purchasing, sales, and operations.
Compliance & Auditing
Provides a robust audit trail for all inventory movements.
Return on Investment (ROI)
The ROI for implementing GO-Stock with RFID can be significant and typically includes:
Reduced Inventory Holding Costs
By achieving higher accuracy and visibility, businesses can optimize inventory levels, reducing carrying costs (storage, insurance, obsolescence).
Lower Labor Costs
Fewer personnel required for inventory tasks, or existing staff can be reallocated to higher-value activities.
Decreased Stock-outs and Overstocking
Real-time data minimizes stock-outs (leading to lost sales) and overstocking (tying up capital).
Improved Operational Efficiency
Faster turnaround times for receiving, picking, and shipping, leading to increased throughput.
Reduced Write-offs and Shrinkage
Less loss due to theft, damage, or misplacement.
Enhanced Customer Satisfaction
Faster and more accurate order fulfillment improves service levels.
Increased Revenue
By ensuring products are available when needed, businesses can capture more sales.
Calculation Example (Illustrative):
- Cost Savings from Reduced Shrinkage: If current shrinkage is X% of inventory value, and RFID reduces it by Y%, calculate the annual savings.
- Labor Savings from Stock Counts: Calculate hours saved on manual counts * hourly labor cost.
- Cost Savings from Optimized Inventory: Estimate reduction in safety stock or obsolete inventory and multiply by carrying cost percentage.
- Revenue Increase from Improved Availability: Estimate how many lost sales due to stock-outs can be avoided.
By combining these quantifiable savings and revenue increases, and subtracting the initial investment in GO-Stock software, RFID tags, readers, and implementation, a clear ROI can be demonstrated, often showing payback within a short to medium timeframe.
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Access your secure GO-Stock account to manage your inventory, view reports, and utilize all the powerful features.