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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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Locations and Lot Control Features and Functions



  • Set stocking locations for each item as fixed, assigned, manual or assigned by the system

  • Standard ten-position convention to identify location of items in inventory

  • A given finished item can be listed simultaneously in multiple stocking places in one site

  • Users define types to classify storage locations, such as warehouse, store, branch, truck, consigned, return, repair, inspection, department, bulk, or category

  • Use random locations for storing items

  • Standard locations for stocking items

  • Indicates if item is stored in a temporary or permanent location

  • Discrete rules for stockage and allocation between production and support operations.

  • Users create methods for issuing and receiving items

  • Handles multiple companies, multiple divisions in a company, multiple plants, and multiple warehouses

  • Locate items

  • Establish a cross-reference of a stored item's lot or serial number and its physical location

  • Calculates available volume and dimensions in a given storage location

  • Generates location reports by specific material, by item, or by location to control inventory

  • Lot control maintained by location

  • Traces an item by its lot or serial number

  • Option to use lots and sub-lots, or subdivisions of lots

  • Uses tables to assign lot numbers

  • Prioritizes consumption or allocation of lots by creation date, receipt date, expiry date, or lot number.

  • Assigns unique descriptions, cost information, and automatic expiration dates to each lot

Inventory Management Features and Functions
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