Production Inventory Control Features and Functions

• Identifies inventory as netting or non-netting


• Stores PO receipts and records any changes


• Transfers can be made among business units, sites, entities, etc.


• Stores work order receipts


• Documents negative or positive inventory adjustments


• Issues items from inventory to the shop floor to fulfill a work order, make a kit, or create a shipment


• Tracks the movement of stock


• Inventory can be released to the shop floor to satisfy unexpected needs


• Stock can be categorized available, not-available, quarantined, damaged, return, etc.


• Shows the quantity of physical stock by each location of the warehouse including storerooms, shipping, receiving, and inspection, kitting, and loaned


• The quantity of physical stock is listed by storeroom and lot number


• Reports on physical stock include products, grade and potency, restrictions, etc.


• Generates a summary record of all parent items that have been received at a certain warehouse location


• Generates a summary record of all components assigned to a warehouse location


• Generates a summary record of items that must be allocated to a sales order


• Alerts, notifications, and order points are displayed with stock status


• The status of stock can be displayed by warehouse(s), lot number, or stock number


• Creates a file of stockroom shortages created from partial picking


• Documents transactions by item number and with the option to further categorize them by location or lot number


• Documents online errors in a batch report


• Error suspense files


• Records last transaction date by transaction type


• Process, online, all categories of stockroom receipts and issues


• Processes purchasing activities online, including PO receipts, receipt to inspection, receipt to stores, requisition entry and update, return to vendor, and scrap


• Components are issued to a work order via a single transaction


• Documents item movement from stock to location, by order and operation


• Manual override of issue process to cover work order allocations


• Logs inventory movement history


• Component back flushing


• Real time display of WIP, including order and work center


• Generates reports on past transactions


• Cancels inventory allocation if an operation's production is rejected


• Generates reports on the status of stock by location and lot; includes alerts


• Generates reports on item shortages by order number


• Generates reports on stock transfers


• Changes in inventory stores valuation is reflected in accounting records or reports


• Returned material acknowledgement (RMA)