Inventory Master File (General) Features and Functions
This series of questions helps users understand how an inventory system can be set up and utilized.
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- User defined numbering convention
- Define item ID by item characteristics
- Define procurement code (make/buy)
- Group parts using similarities
- Change item ID and transactions
- Superseded items
- Combine original and superseded item histories
- Multiline item descriptions
- Negative on-hand quantities
- Item file supports item picture
- Serial numbering
- Tracks serial numbers of components
- Lot tracking
- Identify customer(s) from serial/lot number
- Multidimensional items
- "Requires inspection" flag
- Product line segregation
- Shipping weight
- Shipping dimensions
- Shelf life tracking
- Picks items based on shelf life
- Converts item to dead stock with write off
- Cycle count code
- ABC code
- Movement class
- Consignment inventory
- Mass change cost revaluation
- Alternate vendors
- Copy vendor information for new items
- Default revenue account
- Default cost of goods sold account
- Sales tax rate
- Excise tax rate
- Customer rebate programs
- Rebate posted as voucher to A/P automatically
- Reorder point adjusted for vendor lead time
- Define commission rate
- Define commission types for each item
- Define commission types for rate groups
- Prevents unauthorized alteration of records
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Inventory Master File Features and Functions
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