INVENTORY

One of the primary tasks of the Inventory function is to manage and maintain the Maintenance, Repair and Operating (MRO) stock, with the Project material being handled by Material Control, although all types of material can be managed using this function. Operating across multiple warehouses, full transactional history (receipts, issues, returns, adjustments and transfers) and audit trails for individual items are maintained. Where applicable, dimensional and heat and cast details can also be recorded. Stock can be managed corporately or by individual location, warehouse, or rack/aisle and to separate bin locations with item stock status reflecting physical stock, allocated stock, on order balance and free stock levels. The requisition and purchase order details are handled in the procurement function; with the relevant information being updated dynamically this can then be viewed with the other transactional information. If necessary requisition and purchase order details can be manually maintained.

The inquiry options enable users to check the status of stock in one or all of the warehouses. If shortages exist in one specific warehouse inventory can be transferred from other locations with overstock to prevent a temporary stock out situation.

Another major feature is the ability to manage and control vendor consignment stocks. Consignment goods are shipped by the vendor and stored in your location, with ownership of the items remaining with the vendor until they are withdrawn from stock, at which time they are considered as sold. The system will generate a sales invoice for the goods that have been drawn from stock over a selected period; this invoice is then automatically transferred to the Invoice Processing function for action.