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The Inventory Control subsystem is tailored to manufacturers, distributors, and retailers. This solution will help you manage your inventory and improve production scheduling to increase turn-over and reduce shrinkage. The inventory master is maintained with daily stock movements and facilitates segregation of data by company and by warehouse. This module features the inventory calculations, analysis, and reports you need to make key decisions and lower your inventory carrying costs. Variations of each item no longer require you to create a new item/style number for variations of an item or style, saving you time and space in the inventory master; in addition to greatly reducing maintenance tasks. Order Processing, Work Orders, Production Orders, Transfers, and Purchasing all integrate with Inventory Control to provide a powerful Just in Time inventory management system.
The Item Record maintains information such as vendor, product class, G/L class, and product type (i.e. build to order, regular inventory, non-stocked, psuedo item, FIFO required, time limited item, combination item, serial number required, exchange required, and finished item). Items in the record can be looked up by number, alpha key, description, or alpha key and description combination. Units of measure can be established for each item relative to purchasing and selling units. Each inventory item also will have ware house records, showing location, warehouse, or store information such as ABC class, sales tax status, promotional, min/max reorder points, Date last ordered, date last sold, FOB cost, last cost, Avg cost, quantities, units of measure and more. Each item can have a detailed description stored on it, and all item records are able to have additional custom fields assigned by your staff, attached to them. Item packaging information, regarding cube size and carton code, is also stored with item information. As transactions occur, and items are removed from inventory, quantities available for sale are updated; the system even keeps track of items reserved for sales orders, on-hand, outstanding P.O’s, and transfers.
The item master is automatically updated from receiving for adjusted cost, last cost and moving weighted average. Adjusted cost is automatically calculated by multiplying the freight factor by the FOB cost. Additionally, you are able to view a complete movement history over multiple years, months, or days for each item, by location, warehouse, or store. Furthermore, this system automatically calculates lead time by suing the actual lapsed time between when a PO is issued to a vendor and when the items are received.
The following reports are available with this module:
"Inventory Management" is part of the Perfect Circle Manufacturing System line of products, developed by Perfect Circle Solutions.