ActiumERP Inventory Overview

Inventory Control

• Maintains information for Purchased, Manufactured and Non quantity items;
• Conversion factor to Converted Purchased Quantity to Quantity used;
• Maintains up to Four(4) Selling Prices and Customer-specific Prices;
• Cost calculated by Weighted Average Cost or Standard Cost;
• Minimum Quantity (reorder point) calculation;
• Calculated Economic Order Quantities;
• Provides for Below Minimum reporting;
• Automatic generation of all required General Ledger entries;
• Receiving of Items Purchased with or without Purchase Order;
• Quantity and Cost Adjustments, Stock Transfers;
• Inventory Transaction Processing during Physical Inventory time;
• Inventory Inquiry;
• Inventory Valuations, Inventory Status and Inventory Turn Over Reports;
• Printing of Physical Count forms and Price Lists in various formats and sequences;
• Provides reporting of Outstanding Sales Orders with Quantities to be Shipped;
• Currency Conversion for Materials Purchased;
• Calculation of Landed Cost by extending the Purchase Cost by duty, brokerage, freight and currency factor;
• Automatic Lead Time calculation;
• Detailed Inventory History for specific Inventory Groups;
• Multiple Warehouses;
• Gross Margin reporting;
• Provides Supplier Stock Code cross reference;
• Provides for Minimum and Maximum Processing based on Quantity on Hand and Availability.