INVENTORY MANAGEMENT

Effective inventory management is critical to the financial health of distributors. Master System OMS ERP Inventory Management provides the key functionality to help you track, count, value, and analyze your inventory.

Inventory Tracking

• Industry-Specific Inventory Architecture
• Flexible location assignments
• Plant, warehouse, stockroom, aisle, location
• Default locations for shipping, receiving
• Location information
• Location priority
• Physical dimensions
• Flexible product groupings
• Product class, type, group, or inventory type

Inventory Cost

• Base Cost
• Landed Cost
• Average Cost

Kit Production

• Stock or assemble-to-order
• Kit options

Inventory Valuation

• Physical Inventory
• By warehouse or plant
• Work-in-process (WIP) inventory
• Cycle counting
• Flexible cycle count groups by location, established product grouping, or user defined
• Produce Count Sheets
• By stockroom, item number, product class, inventory type, date, and more!
• Frozen status permits inventory transactions during reconciliation and adjustment
• Audit reports
• Variance reports

Flexible Inventory Transactions

• Pre-defined transactions
• Receipts, purchase orders, sales, adjustments, issues, transfers, initial balances
• User configured inventory transactions
• Can include damage, theft, spoilage, scrap, and other unique transactions
• Complete control of transactions effect on-hand inventory and/or General Ledger

Inventory Analysis

• Stock Status
• Min/Max Inventory for period
• Inactive Inventory
• Inventory Ranking