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Inventory Management forms the heart and blood vessels of business profitability. It
is about far more than how much of an item is in stock.
Managing inventories is the key to success in any distributive business yet it is often
neglected as being a dull and routine task. However, in the right hands it can be used
to drive service levels and improve profitability.
Starting with the basics, our system offers:
- Multiple Service Centres or Warehouses
- Multiple Bins within each warehouse
- Separately costed stock batches of each item
- Support for serially numbered items
- Support for items sold singly and in packs
- Multiple Units of Measure and Priced Per
- Integrated with the Financial modules of the Advensys System
Sophisticated interaction with order processing:
- Sales Order Allocation
- Requisition Management
- Backorder Release
- Direct and Back-to-Back control
- Hold Until Told orders
Alternative Codes to Identify Products
- Supplier Codes
- Wholesale and Retail Barcodes
- Separate Catalogue Codes
Comprehensive Stock Taking:
- By Bin range, Product range, specified list of items
- Docket system
- Stock Take Management to look at results so far without concluding stock take
- Ability to use Point of Sale tills as stock taking tools
Four-level Product Hierarchy
- The optimum way to link Sales and Inventory
Purchasing Regimes
- Low/High purchase orders for simplicity and clarity
- Sales Forecasting to drive inventory based upon stock turn
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