Centralized Inventory Master Data Management, Item Classification & Supplier Management
Centralized inventory master data with item classification, supplier management, pricing, and SKU management.
Key Benefits
Pricing
Module price
Select this module now. Duration and final pricing are configured at checkout.
Base module price
Duration, users and final amount will be selected during configuration.
- ✓Single Source of Truth
- ✓Efficient Procurement
- ✓Better Supplier Management
- ✓Cost Optimization
Challenge & Solution
The Problem We Solve
The Challenge
Hospital inventory data is inconsistent—items are described differently across departments, suppliers are not tracked, and pricing is not standardized. Procurement is inefficient without master data.
The Solution
The Inventory Masters module provides centralized inventory master data management—item classification and categorization, supplier management, pricing and contract management, and stock-keeping unit (SKU) definition. Single source of truth for all inventory items.
Key Features
What It Does
Item Master & Classification
Complete item master with categorization—pharmaceuticals, consumables, equipment, supplies. Item description with specifications and attributes. Barcode and SKU generation for tracking. Item categorization for reporting.
Supplier & Vendor Management
Supplier registration and qualification. Supplier performance tracking with scorecards. Supplier contracts and pricing management. Supplier communication and document management.
Pricing & Contract Management
Item pricing with multiple price lists. Contract pricing with volume discounts. Price change tracking and approval. Price comparison and analysis.
Stock-Keeping Unit (SKU) Management
SKU generation with unique identification. SKU attributes—size, color, strength, packaging. SKU categorization and grouping. SKU lifecycle management.
Inventory Analytics & Reporting
Inventory turnover and holding cost analysis. Supplier performance and cost analysis. Item utilization and consumption patterns. Reorder point and safety stock optimization.
Workflow
How It Works
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Step
1Step 1: Item Master Creation
Items are created with complete details—description, categorization, specifications. SKU and barcode are generated. Items are approved for use.
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Step
2Step 2: Supplier Registration and Management
Suppliers are registered and qualified. Contracts and pricing are established. Supplier performance is tracked.
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Step
3Step 3: Pricing and Contract Management
Prices are set with multiple price lists. Contracts are managed with volume discounts. Price changes are tracked and approved.
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Step
4Step 4: Inventory Analytics and Optimization
Inventory turnover and holding costs are analyzed. Reorder points are optimized. Supplier performance is reviewed.
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Step
5Step 5: Master Data Maintenance
Item master is maintained with updates. Supplier information is kept current. Pricing is reviewed and updated.
Reports
Analytics & Reports
Real-time insights and exportable reports built into every workflow.
Item Master & Inventory Classification Report
Item classification, count by category, and inventory composition.
Supplier Performance & Cost Analysis Report
Supplier scorecards, cost analysis, and performance trends.
Inventory Turnover & Holding Cost Report
Inventory turnover rates, holding costs, and optimization opportunities.
Operator Impact
What Changes for You
Single Source of Truth
Consistent inventory data across all departments.
Efficient Procurement
Master data enables automated ordering.
Better Supplier Management
Performance tracking improves supplier relationships.
Cost Optimization
Pricing and contract management reduce costs.
FAQ
Frequently Asked Questions
What inventory items are managed?
All items—pharmaceuticals, consumables, equipment, supplies, and assets. Comprehensive item master with categorization.
How are suppliers managed?
Supplier registration, qualification, performance tracking, and contract management. Complete supplier lifecycle management.
Can we manage multiple price lists?
Yes, multiple price lists with volume discounts, contract pricing, and price change tracking.
How is SKU generated?
Unique SKU with attributes—size, color, strength, packaging. Barcode generation for tracking.
Ready to add INVENTORY MASTERS?
Part of the Material Management suite