Inventory Control

At the heart of the distribution bundle is the Inventory Control module. It provides accurate, current information to help keep stock levels low enough to minimize costs, yet high enough to achieve customer service goals. Inventory Control provides real-time updating of inventory balances for real-time inventory availability, commitments, planned ship dates, and expected receipts. Safety stock, economic order quantity (EOQ), and order points automatically calculate for every inventory item to reduce asset investment and increase inventory turns.

The Inventory Control module includes these features and benefits:

• Maintains serial or lot number inventory
• Manages product pricing and costing at the warehouse level
• Calculates EOQ and order points by warehouse
• Tracks average cost, standard, most recent, FIFO, LIFO; for lots/serial numbers, actual cost
• Processes physical inventory cycle counts
• Produces detailed transaction history for analysis and reconciliation