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Control inventory across warehouse locations. Use powerful replenishment logic for automated orders. Simplify item and inventory management with features designed to flex to the way you manage your warehouse and distribution center.
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How Inventory Management Software can work for you
Inventory management software can help you control system-wide inventory across geographically-dispersed locations to efficiently manage your distribution process without losing track sight of costs. Receive inventory to a specific location and drill down to change item default lot/serial numbers, valuation methods, accounts, and more. Manage perishable inventory, automate replenishment, and build or disassemble kits.[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_video link=”https://www.youtube.com/watch?v=jVGR5SOWsx4&t=18s&ab_channel=Acumatica-TheTrueCloudERP”][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1632832889232{background-color: #000033 !important;}” el_class=”acumatica-blueband”][vc_column][vc_column_text]
Key Benefits of Inventory Management Software for Your Company
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Optimize inventory
Use replenishment and automation to increase inventory turns. Improve inventory accuracy with barcoding and physical inventory.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_icon icon_fontawesome=”fas fa-check-circle” color=”custom” size=”lg” custom_color=”#2d8ed4″ css=”.vc_custom_1632913052190{padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;}”][vc_column_text]
Improve customer satisfaction
Honor contracts and fulfill orders as promised with real-time access to inventory levels and customer-specific pricing. Manage inventory effectively to avoid stock-out situations.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_icon icon_fontawesome=”fas fa-check-circle” color=”custom” size=”lg” custom_color=”#2d8ed4″ css=”.vc_custom_1632913052190{padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;}”][vc_column_text]
Contain costs
Accurately track costs of goods sold and inventory carrying costs. Reduce rush orders, identify low-cost vendors, minimize freight charges, and reduce write-offs for expired or obsolete inventory.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/4″][vc_icon icon_fontawesome=”fas fa-check-circle” color=”custom” size=”lg” custom_color=”#2d8ed4″ css=”.vc_custom_1632913052190{padding-top: 0px !important;padding-right: 0px !important;padding-bottom: 0px !important;padding-left: 0px !important;}”][vc_column_text]
Manage complex items
Leverage matrix items to create product families based on item and attribute variations. Define custom units of measure and conversions. Manage lot and serial tracked items.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row el_class=”acumatica-importantfeatures”][vc_column][vc_row_inner][vc_column_inner width=”2/3″][vc_column_text]
Important Features of Inventory Management
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Replenishment
Define min and max order quantities, reorder points, seasonality, lead times, safety stock, and forecast models to calculate replenishment.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Location Management” tab_id=”1632913392052-d3e37927-a2b0411f-ea68″][vc_column_text]
Location Management
Setup and manage multiple warehouse locations with stocking locations defined by aisle, row, rack, slot, and bin. Define location defaults for receiving, returns, shipping, and drop-shipment transactions. Prioritize pick locations by item and by the warehouse.
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Sub-Items and Matrix Items
Create and manage matrix items based on size, color, and other attributes and values. Matrix items streamline item management, purchasing, and sales processes. Use matrix views to update price and description for items in the matrix item product family. Setup sub item codes by SKU to differentiate between product variations such as grade, manufacturer, or other variables.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Physical Inventory” tab_id=”1632913825306-306019c8-aecc411f-ea68″][vc_column_text]
Physical Inventory
Create movement classes and ABC rank codes to determine physical inventory frequency.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Pricing, Discounts, and Promotions” tab_id=”1632913849885-2cae6288-9af7411f-ea68″][vc_column_text]
Pricing, Discounts, and Promotions
Manage complex pricing and discount policies including volume discounts and multiple discounts per item. Maintain policies for price overrides, customer pricing, and commissions.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Customer and Vendor Items” tab_id=”1632913869960-1aade341-d291411f-ea68″][vc_column_text]
Customer and Vendor Items
Define unlimited vendors by item with a preferred default vendor. Set a minimum frequency for deliveries and minimum or maximum order quantities by item for each vendor. Define cross-references between internal, vendor, and customer items.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Packaging and UOM” tab_id=”1632913889634-65a29b9f-ad34411f-ea68″][vc_column_text]
Packaging and UOM
Define variable packaging for inventory items with standard and configurable unit of measure conversions for weight and volume.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Shipments” tab_id=”1632913941348-1fe99bd2-808b411f-ea68″][vc_column_text]
Shipments
Manage shipments with small parcel carriers such as FedEx, UPS, Stamps.com for United States Postal Service shipments, and LTL carriers.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Kitting and Disassembly” tab_id=”1632913961130-26b7082c-dc35411f-ea68″][vc_column_text]
Kitting and Disassembly
Build kits to stock or to order. Disassemble kits into components. Account for component loss as part of the disassembly process.
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Inventory Valuation
Value inventory using standard, average, specific (actual), or first-in-first-out (FIFO) costing methods. Manage current and pending standard costs with workflows to update costs and revalue inventory. View historical costs over time.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Item Class Hierarchy” tab_id=”1632914006637-1223dad2-aafa411f-ea68″][vc_column_text]
Item Class Hierarchy
Create item classes using a tree-like hierarchy with parent-child relationships and define the default class for stock and non-stock items.
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Perishable Inventory and Lot/Serial Traceability
Use shelf life and expiration dates to manage perishable inventory with first-expired-first-out (FEFO) picking. Capture and create lot and serial numbers for traceable inventory.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Non-Stock Items” tab_id=”1632914060027-d0a27fff-b14b411f-ea68″][vc_column_text]
Non-Stock Items
Manage non-stock items for product warranties, services, labor, or other items. Unlike stock items, non-stock item quantities are not tracked in the system.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Dead Stock Detection” tab_id=”1632914081619-7d106061-a13c411f-ea68″][vc_column_text]
Dead Stock Detection
Maximize warehouse space and reduce carrying costs with the Dead Stock Detection Generic Inquiry.[/vc_column_text][/vc_tta_section][/vc_tta_tour][/vc_column][/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1632836629572{background-color: #3d4a6e !important;}” el_class=”ctasection”][vc_column el_class=”bottom-section”][hm_section layout=”boxed” bg_size=”cover” border_style=”solid” bg_color=”#3d4a6e” border_color=”#313b58″][hm_column col=”6″][vc_custom_heading text=”Working with Applied Business” font_container=”tag:h3|text_align:left” use_theme_fonts=”yes” el_class=”bottom-text”][vc_column_text el_class=”bottom-text”]Applied Business Computers will examine your current business processes in order to make recommendations with the growth and development of your business in mind.
Once we have a template to work with we will install and service a suite of products that will grow with your business for the long-term. Consistently delivering real competitive advantage by reducing the risks and errors that crop up within a business that can cause a breakdown in communication, both internally and externally.
Your clients, customers and consumers will all see vital improvements in the way you operate, deliver and communicate, which can only have a positive impact on your sales and relationships.
Call us now on 01767 677 071, or get in touch using the form.[/vc_column_text][/hm_column][hm_column col=”6″][vc_column_text]
