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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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Processing Requirements Features and Functions



  • Provide for multiple facilities, warehouses, stockrooms, and inventory locations

  • Provide for ABC classification of parts, based on order activity, historic usage/cost, or projected usage/cost

  • Provide capability to receive, stock, disburse, and report on inventory by part number and location utilizing bar code

  • Provide adjustment or update for unit of measure differences or conversions

  • Provide audit trail of all transactions by document number and part number

  • Provide capability to cycle count including printing supporting worksheets

  • Provide capability to identify preferred stocking quantities (to facilitate storage and issuance)

  • Provide capability to perform physical inventories, capability to include generation of inventory tags, tag reports, and variance reports.

  • Provide flexible unit of measure conversion capabilities

  • Ability to track inventory by business unit

  • Track and control vendor consigned inventory

Inventory Management Features and Functions
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