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Software Evaluation Features and Functions

Before you can begin comparing enterprise software solutions, it's important to understand the features and functions that you need to run your business.Below, you'll find links to comprehensive models of features and functions for several types of enterprise software, accounting, asset management, business intelligence (BI), content management systems (CMS), enterprise resource planning (ERP), human capital management (HCM), product lifecycle management (PLM), product portfolio management (PPM), relationship management, and supply chain management (SCM). These feature/function models can help you better understand vendor offerings as you compare software solutions, including

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Reporting and Interfacing Requirements (Inventory Management) Features and Functions



  • Produce system-generated documents for material issues to production runs

  • Provide reporting of inactive, excess, or obsolete inventory

  • Provide inventory valuation reporting by item number, product code, warehouse, production facility, distribution center, or stockroom

  • Provide the ability for a distribution center to run reports or inquiries on inventory status, open order status (sales and production), costs, sales, and quotes for items that only pertain to their specific facility

  • Reports of inventory by team, planner code, and buyer code

  • Interface with the general ledger to forward a journal for all inventory adjustments

  • Interface with the general ledger to calculate the cost using the item's standard cost

  • Interface with the general ledger to calculate the cost using the item's average cost

  • Interface with the general ledger to use general ledger account numbers that create a different general ledger entity and department for each unique inventory site and location

Inventory Management Features and Functions
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