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Inventory
The Finished Goods Inventory application is an
essential software tool providing definition and control of all types of
inventory. Current inventory levels and critical status information is
readily available to become the foundation of successful management
decisions.
The Inventory application provides the ability to build, process, and report on critical characteristics of stockable inventory at multiple site locations. A numerous array of adjustment transactions are included to allow accurate reporting of current stock levels when unforeseen changes occur. Several methods of inventory valuation are available, including LIFO, FIFO, Standard, and Weighted Average costing.
The Realtime Software Package - Finished Goods Inventory application can operate as a "stand-alone" application, or in conjunction with other Realtime Software Package applications providing an in-depth management tool.
Specific features of the Inventory application include:
The Inventory application provides the ability to build, process, and report on critical characteristics of stockable inventory at multiple site locations. A numerous array of adjustment transactions are included to allow accurate reporting of current stock levels when unforeseen changes occur. Several methods of inventory valuation are available, including LIFO, FIFO, Standard, and Weighted Average costing.
The Realtime Software Package - Finished Goods Inventory application can operate as a "stand-alone" application, or in conjunction with other Realtime Software Package applications providing an in-depth management tool.
Specific features of the Inventory application include:
- On-line entry, maintenance or deletion of item and site information
- Inquiry of item and site information with no update capability
- Item inquiry by user-defined parameters
- 20 character alphanumeric item numbers
- Alpha search table based on item description
- User defined item cross-referencing
- Product grouping for general ledger purposes
- Replacement part indicator
- Item substitution table
- Multiple Bin/Lot maintenance in a multiple site environment
- ABC analysis
- Cycle counting and complete Physical Inventory processing
- Year-End analysis
- Vendor and Customer price break tables or contract pricing
- Price calculation from cost tables
- Separate stocking and purchasing units of measure
- Unlimited purchasing description and vendor part cross-referencing
- Unlimited customer description and customer part cross-referencing
- Adjustment transactions for:
- Shipments and Receipts
- Customer and Vendor returns
- Shrinkage
- Bin/lot, Inter-plant, and Intra-plant transfers
- Vendor on-order quantities
- Inventory reports for:
- Adjustments
- Stock status quantities, reorder quantities, critical stock levels
- Price and valuation
- Vendor on-order quantities
- Price list
- Interfaces with Realtime Software Package Sales Analysis, Order Entry, Accounts Receivable, Billing, Purchase Order, and Manufacturing Control System
