|
INVENTORY
What do we have in stock? Where is it located? How
much is it worth? You need the answers to these questions in order to manage
your inventory effectively. OPEN SYSTEMS® Accounting Software
(OSAS) Inventory application gives you the timely and accurate information
you need to make sound purchasing and sales decisions. You can track every
aspect of your inventory, helping you make a positive impact on your bottom
line.
Make informed buying and selling decisions, improve customer service,
and save money
You can closely monitor inventory movements by tracking detailed inventory
history; then, use the Inventory Movement Report to identify your best
products and to understand their purchase/sales cycles. You can even spot
seasonal demand patterns. The Valuation Report summarizes the value of the
items you have on hand and the profit on items sold during the year.
You'll have information at your fingertips to help you satisfy the customer.
You can provide them with accurate and timely information by accessing
on-hand inventory quantities. Receipts are posted online, so they're always
available to sell. When tracking an order, you will be able to quickly
access detailed descriptions for each item. You'll know at a glance the
items in use, committed, and on order. You'll even be able to recommend
alternative item options.
|
OSAS Inventory Offers Choices and Flexibility With These Key Features:
- Your physical inventory process will be simplified; you can process by
worksheet or by tags. You can also select a group of items for a cycle
count. And, the physical inventory feature lets you freeze quantities while
processing continues. The count process allows for multiple tag numbers,
exception-only entry, and defaulting count quantity.
- Use unit conversions to buy in one unit (unlimited units of measure)
and sell in another, meeting the specific needs of your customers.
- You'll appreciate the flexible cost valuation feature. It lets you
choose from Average Cost, LIFO, FIFO, or standard cost evaluation methods
to know what your stock cost is and what it's worth. Unlimited LIFO/FIFO
tiers track exactly what you paid for each item, regardless of your costing
method.
- You'll be able to use the multiple warehouse capabilities to track and
transfer stock between several locations and to make sure it's where it's
needed most. You can assign a transfer cost which you can then post to
General Ledger.
- Readily identify the products that you purchase with lot tracking.
You'll have the ability to determine which vendor you purchased any given
lot from, when it was received, when it will expire, and to whom it was
sold.
- You'll have flexibility in your pricing structure with price matrixes.
These allow you to assign different price levels to the same item.
- Up to sixteen user-defined fields may be entered, defining up to four
additional sorts. Many Inventory reports and processes can be selected
using these fields.
- Identify many different alternate items and search for any part number.
Alternate items may be used for customers' part number, vendors' part
number, bar codes, alternate, or superseded items. Searches may be performed
on any of these items. An item number may be retrieved in a variety of
ways, including quick lookups on customer/vendor parts, aliases, lot number,
and serial number. You can perform a search anywhere in OSAS where an Item
ID prompt is found.
- Retain unlimited movement history for ten separate transaction types:
sales and credits, purchases and debits, builds and issues, material
requisitions, transfers in and out, and adjustments.
- Use the Reorder Processing Menu to analyze inventory and determine
amounts to reorder based on three different calculations: Min/Max, EOQ,
and Forecast based on trends. Select the method best suited to your data.
You can then select an option to generate a purchase requisition, or select
the lowest quantity from all three calculations.
|
Inventory Reports
- Item Status Report
- Safety Stock Alert Report
- Valuation Report
- GL Adjustments Journal
- Serialized History Report
- Sales Analysis Report
- Physical Inventory Variance Report
- Physical Inventory Worksheets
- Overstock Report
- Reorder Report
- Trend Analysis Report
- Slow/Fast Movement Report
- Inventory Movement Report
- Cost Variance Report
- Lot History Report
- Gross Profit Analysis Report
- Transaction History Report
|
