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Integrated Systems Technology, Inc.
1925 W. John Carpenter Freeway,
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Irving, TX 75063

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214.630.4379
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NewVision Software


 

 



Inventory Management Key Features





 

 
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 Summary
 Overview
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 Key Features

Key Features

Description

Basic inventory

You use this granule to manage your inventory items:

  •    20-position item ID, alpha/numeric

  •    Two 50-character lines for description plus extended description which can be unlimited

  •    Unlimited units of measure per item.  You can set up an item, for example, by each, carton, box, keg and sell and buy in any of these units.

  •    Costing methods include FIFO, LIFO, Standard, Specific, and Average

  •    5-digit precision on cost and price

  •    Unlimited number of inventory categories

  •    Product Posting Groups allows you to post to various revenue accounts based on the item sold

  •    Complete stock status; Quantity on-hand, on purchase orders, on sales orders, on production kits, on blanket purchase and sales orders,

  •    All entries involving the inventory item are ledgered giving you a complete audit trail of the item activity

  •    Statistics on sales, purchases, and turnover

  •    Picture, graphic, or specifications on the item 

 

Item cross references

Identify what your customers want by cross-referencing any customer code, internal code, or vendor code. 
 

Nonstock items

Provide customers requesting non-stock items:

  •    Immediate quotes

  •    Non-stock item numbers can be automatically created

  •    Orders for non-stock items processed in the same way as for stock items.

 

Item substitutions

With this granule, you can link items with the same or similar characteristics.  If a customer orders an item that is not available, you can offer substitute items and avoid losing the sale. Or you can provide an extra service to your customer by offering lower-cost alternatives.
 

Alternative vendors

This granule enables you to create alternative vendor and price information for inventory items. It also maintains lead times, cost, and the vendors item number for the product.  It can be used if you have several possible vendors for the same items.
 

Item tracking

Track and trace items at any time during the sales, purchase, transfer process, and afterwards with serial numbering and lot tracking.
 

Multiple locations

This feature provides basic functionality that allows you to manage inventory in multiple locations. The feature is broad enough to include locations in plants or production facilities as well as distribution centers, warehouses and mobile locations.
 

Location transfers

This granule enables you to track inventory effectively as it is moved from one location to another. You can also better account for the value of inventory in transit and at various locations.
 

Item charges

You use this granule when you want to include the value of additional cost components into the unit cost or unit price of an item. Such cost components can, for example, be freight, insurance, duty or other costs related to the item.
 

Bins

This granule is used to set up zones and bins within your warehouse(s) and to organize the warehouse by assigning items to bins, the smallest unit in the warehouse logical structure.
 

Stockkeeping units

This feature provides basic functionality that allows you to manage stock keeping units (SKUs), meaning that identical items with the same item number can be stored in different locations (warehouses) and managed individually at each location. The user can add cost, prices, replenishment and manufacturing information, and so on, based on the location.
 

Bills of materials

You use this granule to break down finished goods into bills of materials.

Bills of Materials can be used to describe constructions, package deals and other products that are always sold together. Bills of materials are set up in the item table with a bill of materials description specifying items, resources, quantities, and so on. There are also batch jobs for calculating the direct unit cost of the bills of materials.

 

 

 

 

 


 

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