Inventory
Design Objectives
The
Inventory module is
an essential
component of the
Material Control
system that also
includes the
Purchasing,
Receiving, and
Accounts Payable
modules.
Inventory's design
incorporates data
from Material
Receiving reports;
maintains details
on the quantity,
value and physical
location of every
inventory item; and
controls the
issuance of
inventory to either
the Equipment, Work
Order, Payroll,
Cost Accounting or
Accounts Receivable
modules.
The Order
Entry functions of
the Inventory
module record
customer orders,
generate picking
and packing lists,
and subsequently
creates accounts
receivable invoices.
Features
 | Daily
transaction
reports provide
a continuous
record of
inventory
activity and an
audit trail. |
 | Simultaneous
processing
available for
most functions. |
 | Security
locks protect
database from
concurrent, but
conflicting
processes. |
 | Multiple
warehouses with
on-line status
of the
inventory of
any item in all
warehouses. |
 | Both
on-line
updating and
batch
processing. |
 | Multiple
recording
methods for
receiving
materials into
inventory:
Direct
Shipment,
Material in
Transit,
Transfer, and
Refurbished
Parts. |
 | Inventory
valuation,
using the
average cost,
standard cost,
FIFO or LIFO
methods. |
 | Actual
cost, standard
cost, and sales
prices can be
maintained for
each inventory
item. |
 | Surcharges
are selectively
and
automatically
added for
freight,
warehouse
overhead, etc.,
on the receipt,
transfer
between
warehouses, and
issuance of
materials. |
 | Easy
access to the
inventory
system by
inventory code,
supplier part
number, user
part number or
customer part
number. |
 | On-line
Activity
Inquiry
maintains
historical data
by warehouse
code and
inventory code.
 | Inventory
Activity
Selection
Screen
|
 | Transaction
Inquiry by
period
|
 | Inventory
Reserved/Locked
Detail
|
 | Inventory
On Order
Detail
|
|
 | Keyword
capability
facilitates
data entry,
processing and
reporting
functions. |
 | Material
Safety Data
Sheet facility,
which includes
multiple detail
screens for
information
maintenance on
inventoried and
non-inventoried
items.
 | Product
Review
Entry
(Approvals)
|
 | Site
Specific
Data
|
 | Product
Identification
Data
|
 | Hazardous
Components
|
 | Physical
Properties
|
 | Fire
and
Explosion
Hazards
|
 | Health
Hazards
|
 | Reactivity
Data
|
 | Spill
and
Disposal
Procedures
|
 | Protective
Equipment
Requirements
|
 | Storage
and
Handling
Procedures
|
 | Transportation
Procedures
|
|
 | Simple
transfer of
inventoried
items between
warehouses
utilizing
picking and
packing lists. |
 | Alternate
methods for
adjustment of
physical
inventory shelf
count and
differences
(shorts). |
 | Details
of
material-in-transit
from the
supplier to the
warehouse. |
 | Tool
issues and
returns
facility to
record
inventoried
warehouse items
issued to and
returned by
employees. |
 | Inventory
reservations
for placing
inventoried
items in a
reserved or
locked status. |
 | Inventory
items can be
issued to a
specified cost
account in the
Cost Accounting
module, work
order in the
Work Order
module, unit of
equipment in
the Equipment
module, or
employee in the
Payroll module. |
 | Reorder
and purchase
requisitions
are generated
based on
user-defined
algorithm of
inventory
consumption to
maintain stock
at optimum
levels. |
 | Purchase
orders can be
generated for
non-stock items
originating
from a customer
order in the
order entry
functions. |
 | Order
Entry function
permits the
recording of
customer
orders,
selective
generation of
picking lists,
printing of
packing lists,
and generation
of accounts
receivable
invoices. |
 | Customer
Quotation
Facility allows
you to input,
track and print
quotes made to
customers of
inventory in
stock. |
| Control
File Section
Listings
|
Physical
Inventory
Worksheet
|
| Material
Master
|
Physical
Inventory
Differences
|
| Warehouse
Master
|
Negative
Quantity
Listing
|
| Warehouse
Master
Catalog
|
On
Order Status
|
| Warehouse
Bin Labels
|
Receiver
Analysis
|
| Warehouse
Search
Listing
|
Inventory
Investment
reports
|
| Inventory
Code -
Supplier Part
|
Tool
Issues Status
|
| Supplier
Part -
Inventory
Code
|
Delivery
Request
|
| Inventory
Code -
Customer Part
|
Warehouse
Reorder
|
| Customer
Part -
Inventory
Code
|
Inventory
Stockout
|
| Alternate
Inventory
Codes
|
Sales
Price Catalog
|
| Inventory
Code
Components
|
Confirming
Order
|
| Inventory
Transaction
Listing
|
Customer
Open Orders
|
| Inventory
Subledger
|
Customer
Backorders
|
| Keyword
Table
|
Customer
Completed
Orders
|
| Pending
Transfers
|
Customer
Sales
Analysis
|
| Transfers
|
Print
Customer
Quotations
|
| Picking
List
|
Salesman
Commissions
|
| Packing
List
|
|