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| Inventory Management Software |
| Inventory is your most expensive asset you have to manage. Do you have it in stock or do you not. Should you purchase it and if so just how much is the optimum level you should. Which items should be discontinued and which products should you embrace more of. This module allows you to totally control your most important asset and deliver your staff the tools to automate their management challenges. |
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| Inventory Management Software Highlights |
- Integration and automation to save time and money
- Full integration with all modules to ensure data accuracy
- Implementation of Gordon Graham's inventory control logic as outlined in his book "Inventory Management for the Twenty-First Century"
- Incorporation of the following replenishment concepts:
- EOQ, Classification, Min/Max and more
- Usage history, tracking of customer demand
- Suggested buy options
- "Seasonal" determination and processing
- Replenishment "Exceptions"
- Usage exceptions
- Lead time calculations
- Freeze capability
- Dead stock and non movement reporting
- GMROI and inventory turns
- Automatic suggestion of purchase orders
- Purchasing management by purchase manager for special orders & non stock items
- On-screen purchasing
- Multi locations capabilities
- Track multiple bin locations per item
- Flexible and sophisticated pricing and costing methods
- Bill of material tracking
- Kitting
- Substitution and related items setup
- Memos capability on many levels
- Core items logic
- Fractional quantity capability
- Separate unit of measure (UOM) tracking for purchasing and selling
- Flexible general ledger distribution by item or class or location
- Hazardous items logic
- Audit tracking of inventory transactions effecting quantity or cost changes
- Easy inventory adjustments with detail tracking and audit trail
- Transfers between warehouses
- Physical inventory sub system
- Price and cost matrix updates in batch, interactive or fully automated
- Multiple price levels, customer special price and vendor special cost files
- Broken case ability & up charge/burden % for automatic setup
- Track primary vendor and multiple alternate vendors with each vendor unique costing and their unique item number and purchase increments
- Sophisticated searches to find inventory items
- Conversion logic to handle discontinued items and point them to the new active item while maintaining the history tracking
- Pricing logic:
- Contract pricing
- Volume or tier pricing
- Pricing based on cost up (standard, average, current) or list down
- Margins and markups
- Sales Price for a selected period
- Customer individual item price
- More
- Expedite logic
- Track various quantity fields:
- On-hand
- defective on-hand
- sales orders on-order
- committed
- available
- purchase orders on-order and back-order
- sales order back-order
- future-committed and credit-hold committed
- staged orders and more
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