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The Advantage Inventory Management system is more than a mechanism to track on-hand quantities. This module allows you to define the particulars of your products and services so that Order Entry, Purchasing, A/R, A/P, G/L, and other modules can process those characteristics intelligently. Advantages:
Serial numbers, lot numbers, kits, sub-assemblies, multi-level bills, and non-stocked items are a few of the inventory types for which Advantage provides full tracking. Simply turn on the inventory types that apply to your business. Each part may have as many as 254 alternate part numbers. A full-cycle counting sub-system provides a detailed audit trail of every change in inventory quantity or cost. Operator-defined selection criteria allows analysis of inventory status through comprehensive onscreen or hard copy reports. Advantage supports matrix parts with three and four dimensions, giving added flexibility. Create matrices for size, color, or any combination of eight descriptors. Insert quantities for matrix parts all at once or individually.
Advantage gives you more than 150 standard units of measure, complete with conversion factors. You can even add up to 10 custom units of measure. Receive in cases-sell in singles, dozens, and six packs using a single SKU.
You can define various classes of parts and merchandise, which allows you to use different processing methods for each category. Inventory types include:
Advantage supports a multi-warehouse structure, with each having multiple locations and pick paths. Access powerful inventory management and pricing capabilities through product segmentation by category, line, and sub-line designations. Integration with other Advantage modules means a single point of entry for data shared across the system.
By supporting multiple warehouses, Advantage gives you the ability to distribute, balance, and maintain stock in separate physical locations as well as virtual warehouses for special processing. Transfer programs, including in-transit transfers, allow you to track inventory transactions with minimum keystrokes.
How you maintain item information depends on the type of item as well as the way you set up your product categories and lines. The ability to quickly record and retrieve critical information impacts the effectiveness of your business. Advantage supplies the tools you need to manage your most costly asset - your inventory.
Bills of Materials are used with or without work orders to create sub-assemblies, sets, kits, finished goods, or phantom parts. Bills can be used to include gift cards, safety sheets, gifts, or premiums with designated items.
These can be specific to product lines, parts, and/or customers. Print bar codes for bin labels, price tags, shelf tags, shipping labels, etc. Various bar code printers are supported. You can also print human-readable text and images.
EOM processing is simultaneous for Inventory Control, O/E, and A/R. Update history files, report monthly transactions, and view outstanding work orders and receivables. Post cost changes, adjustments, and transfers to the G/L. Clear files and reset periods to the next month.
Advantage puts Inventory Control at your fingertips:
Determine frequency of counts through management-defined ABC code analysis. Count high dollar/high volume products more frequently. The system updates last counted date, variances, if any, and the on-hand count as each cycle is completed.
"Warehouse Management" is part of the Advantage line of products, developed by Synaro.