Macro and Micro Manage Your Inventory

Physical Inventory Management allows you to manage your inventory at both the macro and the micro level. At the macro-level, you can centrally manage multiple warehouses and replenish your inventory stock levels to any number of warehouses for faster distribution. At the micro-level, you can assign bin numbers to each inventory item so warehouse employees will know whether the inventory item is for restocking or for order fulfillment. For products that require assembly in Productions, you can define the product's Bill of Materials and track their inventory commitment accordingly. Physical Inventory Management gives you the comprehensive tool to manage your inventory with precision and efficiency.

Multiple Inventory Locations
Multiple Inventory Locations allows you to manage multiple warehouses at the same time. You can view and compare the inventory stock level for each warehouse and you can also specify which warehouse is to receive inventory purchases or to fill a certain order.

Inventory Transfer
If you have multiple warehouses, Inventory Transfer allows you to create an inventory transfer request between warehouses, which allows them to interact efficiently. Inventory transfer keeps a balance of your inventory items across multiple warehouses and gives you the distribution flexibility of fulfilling orders quickly to your customer.

Inventory Activity Management
Inventory Activity Management allows you to set tasks and events related to each individual inventory item. As you view the details of the specific inventory item, the related tasks and events will be displayed so you can view past interactions and future activities related to the inventory item.

Inventory Commitment
In addition to seeing the total inventory quantity, the numbers of inventory items that are committed to sales orders are displayed. Inventory Commitment prevents inventory stock levels from falling below the level necessary for order fulfillment.

Inventory Bin Numbers
Inventory Bin Numbers allows you to assign each inventory item to a specific location in your warehouse. The bin numbers gives your warehouse employees the location of the inventory location and details whether it will be for inventory restocking or for order fulfillment.

Bill of Materials
Each inventory item can be specified with the Bill of Materials required for assembly under Productions. Each inventory item within the Bill of Materials can further be specified with additional Bill of Materials.

Work Orders
Under the details of each inventory item, you can view all Work Orders that are related to the inventory item. You can view the status, priority, and other details of the Work Order. As a result, you will always know how the inventory items were used for assembly.

Purchase Order History
Under the details of each inventory item, you can view past and current Purchase Orders for the inventory item. This helps you track individual inventory items from a purchasing standpoint.

Average, LIFO, & FIFO Costing
Under the details of each inventory item, the LIFO, FIFO, and the average inventory valuation for the item will be displayed. This gives you the flexibility to value your inventory in three possible ways, whichever way that benefits you the most.