Question

what is inventory migration,stock pile mapping,EPOS,ERP?

Answer 1

Solution:

• Inventory Migration:
  Inventory migration is a part of inventory management where the inventory is managed from one warehouse location to another warehouse location. This is not very commonly used in businesses and in their supply chains. The need for inventory migration can be due to changes in the market dynamics, or change in the business model. In such cases, the inventory is migrated from one location to another.
• Stock Pile Mapping:
  It is the process of mapping the volumes of the stockpiles which generally do not have fixed shape and hence fixed the volume. The stockpile mapping provides important details about the volumes of the stockpiles using imagery techniques which use the technology of pixels to calculate the volumes occupied by the stick piles which is important information for inventory management purposes.
• EPOS
  These are the systems which include the hardware and software systems which are a perfect solution for the task of completing the POS process and collecting the data of the sale at the POS. Hence, these systems are helpful for companies to effectively collect and organize POS data.
• ERP
  Enterprise resource planning is a system which is helpful in managing the inventory of the business by managing the resources. The financial, operational, logistical and inventory management can be managed at one single place by using the ERP systems. These systems are widely used in organizations to manage their resources for effective operations and processes of the business.