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Inventory Control Software Features
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Integrates with Accounts Receivable,
Accounts Payable, and General Ledger |
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Maintains complete information
for each inventory item, including quantity on-hand, on-order, held, pending,
vendors, substitute items, and transaction history for an unlimited number
of years
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Allows up to 8 price levels per
item with markup or discount price level definitions |
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Provides Inventory templates for
rapid creation of similar inventory items |
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Provides complete physical inventory
capabilities with simple inventory count processes that create worksheets and perpetual
reports for variance checking |
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Provides instant inquiry of part
information including: receipts, issues, returns and adjustments
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Tracks quantities for one warehouse/location
or multiple locations and provides inventory transfer option that allows parts
to be easily moved between locations
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Allows Inventory counting while
continuing to process transactions |
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Allows Inventory adjustments by
quantities and costs |
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Provides five pricing methods (Markup,
Margin, Fixed Percentage, Reduction Amount and Fixed Price) for each part
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Tracks serial/lot numbers for parts
and indicates when parts are received, issued or return to inventory (requires
Serial Number Manager add-on option)
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Stores and displays images of your
parts. Supports most standard graphic file types including .bmp, .gif,
.jpg, and .tif |
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Uses Average, Last, LIFO or FIFO Costing method for
all purchases, sales, transfers and adjustment on inventory |
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Provides short and long description
up to 500 characters |
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Track minimum and maximum stocking
levels for each part
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Allows five user-defined product
attributes to be assigned to parts to further describe parts (i.e., size,
style, color, etc.)
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Allows global changes to multiple
part records at the same time to expedite data entry |
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Permits pricing information for
parts to be updated automatically through global price change feature
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Allows Inventory kits which permits
you to build components into finished items and automatically reduces appropriate
inventory levels of each component from stock when invoiced |
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Allocate items to as many different
journal entries as needed |
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Easily discontinue items with special
option that lets the program auto-discontinue a part after the last item is
sold from inventory |
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Allows Inventory reconciliation
by various means including cycle counting using ABC analysis |
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Allows importing of inventory items
for rapidly adding new products from vendors |
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Allows discontinued items to be
sold until depleted, but not allow any future purchase orders for that item |
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Allows restocking fees to be
defined per inventory item |
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Allows for unit of measure
(e.g., hours, lbs, feet, inches, gross, dozen, six pack, etc.) on both
purchase and sale of item with unit quantity conversion capabilities |
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Support for fractional quantity
entry (e.g., 1.5 hours, 2.25 lbs, 3.75 liters, 2.5 yards, etc.) |
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Supports entry of unit cost and
unit price with precision to 5 decimal place accuracy |
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Allows searching of inventory
items be several methods including SKU, UPC, Description, Department,
Category, Attribute or our unique
Intellisearch feature. |
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Allows unlimited alias codes to
be assigned as alternate lookup methods for any inventory item.
Includes ability to override the price of an item based on the alias code
selected. |
Inventory
Control Software Review