Inventory Management
The SimpleManufacturing™ Inventory Management Module is a Fast, Easy, and Comprehensive way to MANAGE ALL INVENTORIES.
Companies that use the SimpleManufacturing™ inventory management module drive the maximum amount of profit and customer satisfaction by using the least amount of investment in stock by sharing information within different parts of their business in real-time.
Organizations use this data to make more informed ordering decisions and create more accurate forecasts to meet future demand without ending up with excess stock.
Using SimpleManufacturing™ eliminates the double-handling of goods and automates daily tasks, like reordering.
Its single-click options for reporting excess inventory, shortages, planned replenishment, obsolete inventory, finished goods, and work-in-process are decisive for making sound decisions. Having inventory history and metrics readily available eases planning and increases customer satisfaction.
SimpleManufacturing™ cycle count process is an essential means of checks and balances and improves inventory records.
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Summary of Features
Fast and Easy Method of Searching All Inventories:
Raw Material
Work-In-Process
Finished Goods
Scrap
Excess and Obsolete
First-in, First-Out (FIFO) Inventory Management
Actual Cost Accounting Method
Quick and Easy Inventory Adjustments and Transfers
A Cycle Counting Process with an ABC Cycle Counting Categorization Option
Behind-the-Scenes Accounting Transactions for all Inventory Transactions
Identify Inventory based on Lot or Date Code, Expiration Dates, and Serialization
Inventory Search
Quickly Search Inventory using various filter options.
Search any combination of attributes like product type, part number, account number, purchase order number, manufacturer and vendor part number, shelf life, bin no, Expired Inventory, etc.
Easily export inventory information to Excel or print it out for review.
Single-click option to export to Microsoft Excel.
Inventory Reporting
View Inventory of Interest using a single-click option. Save and Email reports throughout the business areas using a single-click option.
Many Report options –
Obsolete, Excess, Scrap
Raw Material,
Work-In-Process (WIP)
Finished Goods
Inventory Transfers
Most inventory transactions are executed behind the scenes through the Kitting, Work Order Completion, De-Kitting, and Purchase Order Receipt processes. However, some organizations may want to create additional inventory accounts, such as Engineering, Sales, Testing, Quality, etc., to track the inventory outside the typical Business-Standard Raw Material, Work in Progress, Scrap, and Finished Goods categories.
The Inventory Transfer process between Inventory Accounts is a Simple and Quick method.
All Inventory Transfer processes have behind-the-scenes accounting transactions added, ensuring the inventory costs and quantities are always accurately represented.
Inventory Adjustments
When the Cycle Counting Program is NOT used in SimpleManufacturing™, it provides a SIMPLE and quick process to execute quantity adjustments.
All Quantity Adjustments of inventory have behind-the-scenes accounting transactions added, including the user performing the adjustment, ensuring the inventory costs are always accurately represented.
Inventory Cycle Counting
Inventory accuracy is achieved through its flexible cycle counting program. Cycle counts can be performed at any time with a user-defined set of part numbers to count, using items of ABC categorization or a random selection of part numbers.
Cycle counting of inventory Part Numbers with past and future demand is prioritized over inventory without demand.
ABC categorization can be manually set or set by past and future demand Lookup functions.
The Item Master record shows the ABC categorization status and the Last Cycle Count Date.
Inventory Cycle Count Selection
Cycle Count Details can be Easily Viewed with filters that can be applied to Search completed cycle counts by Part Number, Part Type, Product Type, and Cycle Count Options.
Inventory Cycle Count Entry
Completion and processing of Cycle Count is Easy! Enter the Physical Count of each Item. When the list is complete, click the Process button. Inventory quantities are updated, the item’s Last Cycle Count Date is updated, and all accounting transactions are completed behind-the-scenes to ensure the inventory cost and value of any accounting-related report, including the Balance Sheet.
Cycle Physical Count entries can be verified by a second party to ensure the accuracy of the Physical Count before processing.
Call Now for a Free DEMO!
858-335-6421