The Inventory module enhances tracking capabilities, and gives you
the information you need to improve efficiencies in production cycles,
material usage, and purchasing activities.
This module allows you to track the same inventory item in multiple
physical or logical warehouse locations. You can track the quantity
on-hand, on-order, committed, available, and pending in each location.
On hand balances can be tracked in multiple bin locations within
a warehouse. The system provides the ability to transfer stock from
and to any warehouse or bin location within a warehouse.
Track inventory on-hand balances and all issues and receipts for
an item by lot, batch and/or serial number. Each lot/batch/serial
number will provide the quantity on-hand, source of material, and
the actual detail costs associated with it.
tracing of each lot/batch/serial number provides the ability to
identify the source of material, where the material is in-house,
and what shipments, if any, have been made.
The flexible lot tracing inquiries allow tracing material from source
to where used or where used back to source.
Flexible costing options allows you to select standard, average,
actual, LIFO, or FIFO valuation methods.
The system will rank inventory items based on inventory movement
and assign an ABC classification to each item. The ABC classification
can be used to determine cycle count frequency and safety stock
requirements for Min/Max calculations.
Provides to the counter a worksheet based on how frequently an item
should be counted and when it was last counted. You can set the
frequency for each item or the system can set the frequency based
on ABC classification. This feature allows you to generate count
sheets, enter actual counts, print variance reports and keep both
quantity and dollar statistics by classification.
The Physical Inventory module will freeze the inventory for a warehouse
or for all warehouses. Print inventory tags, a Tag Edit Report to
identify missing or duplicate tags, an Uncounted Parts Report to identify
parts frozen with an on hand balance that have not been counted, and
quantity and dollar variance reports.
frozen inventory feature allows the system to take a snapshot of inventory
balances so that, after the physical inventory is counted, you can
continue to ship, receive, and process transactions while you finish
entering and validating the inventory counts. The frozen on-hand balances
are compared to the quantities counted, and the difference is used
to update the current quantity on-hand. Variances are calculated and
can be posted directly to the general ledger.
You have the detail of every transaction available online. Who made
the transaction, what was affected, and the value of the transaction
are all available. The information is kept on-line for as long as
you find it worthwhile. It can be used to help spot trends and resolve