Inventory


 

Inventory  

  • Unlimited number of warehouses (stocking locations), stock quantities are maintained for an unlimited number of locations.

  • Selling prices for a stock item can be set for each sales type defined in any (and all) currency (ies) allowing great pricing flexibility. Pricing can also be set specific to an individual customer account or even a specific customer branch.

  • Automatic back ordering. Sales orders yet to be delivered can be automatically back ordered at the time of invoicing or the balance of the order canceled as appropriate.

  • A history of stock movements is maintained by stock item allowing full traceability including serialized and lot/batch numbered stock items.

  • Allows Dummy (service) stock items which can be invoiced, priced, costed but with no stock record maintained for items such as labor or services.

  • Kit-set parts can be defined. An order for a kit-set part explodes into the components defined for the parts at the predefined quantities as extended by the number of the kitset item ordered all priced individually. These component quantities are then available on the order for modification by the user.

  • Assembly parts can be defined in a similar way to kit sets These parts exist only for ordering, pricing, invoicing and sales analysis. No stock balance is maintained, instead the quantities of the components are updated in proportion to the quantity defined in the assembly.

  • Invoice and credit note inquiries are linked to stock movements so the detail of items sold on an invoice can be queried calling up the actual invoice or credit note that caused the stock movement.

  • Standard cost manually maintained or automatically maintained weighted average cost.

  • Inventory usage by month inquiry by location and over all locations.

  • Inventory planning report showing the last 4 months and the current months sales including sales of assembly components.

  • Receiving inventory against purchase orders creates journals in the general ledger to reflect the increase in stock value and the amount owing to a supplier.

  • Stock transfers to other inventory locations can raise transfer dockets.

  • Re-order quantities can be maintained.

  • Inventory adjustments can create general ledger entries to reflect write on or off of stock value.

  • Inventory cost changes can create general ledger entries to reflect write on or off of stock value.

  • A stock taking system allows business to continue recording system stock quantities at the time of counting adjustments created based on these quantities and the sum of all quantities entered as counted for the item. General ledger integration creates the necessary journals to reflect the changes to stock values.

  • Controlled items allow referencing of each stock movement to the bundles/batch references.

  • Serialized inventory allows controlled items to be in units of one. Ie a reference for each individual item.

  • Unlimited user defined fields specific to each inventory category for additional important information required to be stored against items

  • Weighted Average (automatic) or standard (manually maintained) costing