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Inventory
Management
Click
Here for an Inventory Management PDF Factsheet.
(Adobe
Acrobat Required)
 The
ability to deliver the right product to the right place at the right time
is the core of your business. Inventory is one of the largest investments
a company makes. Ensuring that you have enough of the right product in stock,
while avoiding stockouts and overstocks is a daily challenge. You are responsible
for reducing investment in inventory and increasing inventory turns. Accomplish
this with Macola ES’s Inventory Management (I/M) module, the core of your
distribution system.
Important advantages
of Inventory Management are:
- Manages item specifications
and stock levels
- Management of cycle
and physical counting
- Multiple warehouse
support
- Support a multi-bin
system
- Serial/Lot traceability
from raw materials to finished product
- Item/document note
system
- Auto create purchase
orders for reorder point items
- Macola Bar Code and
EDI integration
I/M provides you with
the tools to effectively manage and analyze your inventory. Sales
and cost analysis, ABC analysis, obsolete inventory tracking, physical and
cycle count features with trend accuracy analysis are just a few of the features
that will enable you to maximize inventory turns while eliminating shortages
and excess inventory investment.
Easy
tracking of detailed inventory data
Macola ES’s distribution
and manufacturing functions maintain information unique to each item that
provides the system with essential information on how to purchase, sell, and
manufacture the item. Maintain planned, current, or obsolete items through
I/M’s status code. Identify items as purchased or manufactured. Maintain control
levels and indicate if item quantities should be automatically allocated when
sales or usage requests are placed through other Macola ES packages.
Item data is nicely organized
into meaningful groups with access to other item related information like
customer item, vendor item, substitute and more.
Track
items down to the location
You also have the
ability to create the different inventory locations that your company uses.
Those locations are used throughout both the Macola ES distribution and manufacturing
suites.
Macola ES's I/M also allows
you to maintain inventory which is stocked in multiple locations, including
the on-hand, on-order, allocated, and back ordered quantities, along with
price, cost, and sales/usage information. This allows for the same item at
different locations to have different values assigned, such as reorder levels,
mins, maxes, and primary vendors.
Streamlined
physical count processes
The ability to conduct a full physical count is very important to ensure that
system inventory balances accurately reflect the actual quantity. Macola ES
allows you to conduct physical or cycle count while you continue with your
daily business activities. I/M allows the user to flexibly select locations
for counting, generating count tags and extra tags. Multiple reports facilitate
the reconciliation process, including the Counts By Tag Report, Missing Inventory
Report and the Variance Report. The Count Accuracy and Trend Accuracy reports
allow you to determine the success of materials management improvement programs
you have put into place.
Stock
in Multiple Bins Within One Location
You can create and maintain multiple bins within a location. I/M allows multiple
items to reside in the same bin and also allows the same item to reside in
multiple bins within a location. You can also define the physical limitations
of a bin’s space by specifying a bin maximum based on quantity, weight, or
volume. Priority-based putaway and allocation logic allows the system to make
recommendations automatically during transaction processing, reducing manual
transactions.
Track
inventory by serial numbers or lots
One of the exciting features of I/M is the commitment to FDA regulated industries
and
others requiring item traceability down to the serial or lot level. Some of
the features include the ability to define separate serial and lot formats
and numbering conventions, hard and soft allocation with multiple allocations
methods, complete upwards and downwards traceability via inquiry with Macola
ES’s Visual Serial/Lot Trace. You can trace an item from receipt through production
all the way to the end product or customer.
One-touch
access to all inventory information
I/M’s multi-level drill down inquiry allows you to inquire into inventory
balances, open purchase orders, open sales orders, and transaction history
at any point in time. Quickly and easily find the quantity of any inventory
item which is on-hand, allocated, or on order. Additionally, you can see a
list of all customer orders for an item and view the order’s header and item
information down to the serial, lot, and bin level. You can also see a list
of all open purchase orders for this item and look up item specific information.
Set
expectations accurately with available-to-promise
One of the keys to providing good customer service is to be able to tell your
customers when they can expect their order to arrive. In order to provide
this information you usually must check different areas, what inventory has
already been allocated to other customers, and when you expect replenishments.
This can be in the form of a purchase order for purchased items or a production
order for items that you produce.
I/M provides you with
one simple to use inquiry that takes requirements and replenishments and nets
out your available-to-promise for any given period. The periods can be defined
as you see fit. This inquiry will allow you to identify what stock you have
on-hand or are expecting to promise to your valued clients.
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