The Inventory module is the heart of the Distribution Suite where all your Stock Control, Replenishment and Product structure flows to the rest of the system through the strong built-in ledger interfaces. In summary, it provides the following features:

Stock Replenishment Stock Take Multi-Warehouse
Bin/Shelf Tracking Serial/Batch/Dual Tracking Stock Transfers
Inventory Costing Bar Coding/Label production Product Pricing

The module will help you effectively manage the flow of goods to satisfy customer demands at multiple operating locations. You can read an overview of the Inventory Control system and its functions, features & benefits HERE.

{ 0 comments }

Stock Take Overview

July 28, 2019 Inventory Control

Online Advantage contains a ‘Stock Take’ module that is designed to help you manage the process of comparing your physical stock holdings to the perpetual quantities recorded in the Inventory system. The module allows you to create a stock take for a whole stock location, or for selected inventory items i.e. fast moving, spare parts, […]

Read the full article →

Enter Stock Take Count

July 25, 2019 Inventory Control

Purpose This function is used to record the physical ‘Stock Take counts’ on the items on a stock take run.  This information is recorded by hand by the  ‘counters’ on the stock take tally sheets/tickets produced for the stock take run. Before entry of stock counts can take place, all outstanding processing must be completed to […]

Read the full article →

Enter un-used Stock Take tickets

July 25, 2019 Inventory Control

Purpose This function is used to enter the stock take ticket numbers that have not been used during counting. This allows you to record what tickets have not been used for a given stock take run. Note that the entry of unused tickets can be done with ticket ranges based on the item numbers on […]

Read the full article →

Finalise Stock Take

July 25, 2019 Inventory Control

Purpose This function is used to finalise a stock take. It will automatically adjust your stock on hand for any variances between the stock counted and the freeze quantity (“Stock Take” on hand figure). This adjustment is critical to the accuracy of the Inventory system to keep the Perpetual Inventory system in-line with the actual […]

Read the full article →

Initiate Stock Take

July 25, 2019 Inventory Control

Purpose This function is used to create (initiate) a stock take ‘run’.  Each ‘run’ is a list of inventory items that you want to perform a stock take on at the same time, so it is basically a ‘batch’ of items to count. The main purpose of this function is the selection of the inventory […]

Read the full article →

Freeze Stock Take

July 25, 2019 Inventory Control

Purpose This function is used to ‘Freeze Stock’ on an existing Stock Take Run. The ‘”freeze” process records the current Inventory ‘Stock On-Hand Quantity’ as the ‘Freeze Quantity’ of each item on the stock take run. Stock must be frozen for a run before count quantities can be entered. You can freeze stock during the […]

Read the full article →

Quick Stock Take

October 22, 2018 Inventory Control

Purpose This function is used to enter the physical stock count of an inventory item at any time. It is the quickest way to correct an item’s stock on hand quantity. It will bring the perpetual stock on hand into line with the physical quantity. This function is designed to be used as and when […]

Read the full article →

Cancel Stock Take

October 20, 2018 Inventory Control

Purpose This procedure is used to cancel a stock take run – use it carefully as once a run is submitted for cancellation there is no facility to reverse the changes made. The routine will ask you to specify which stock take run you wish to cancel.  Only runs that have not yet been finalised […]

Read the full article →

Manual Stock Receipts

October 1, 2018 Inventory Control

Purpose This function can be used to manually enter the details of ‘Stock Receipts’ that have occurred in a given Stock Location. Once a receipt is completed using this facility the items appear in the inventory for the receiving stock location via ‘Manual Stock Receipts (MSR)’ transactions, and the value of the inventory being received […]

Read the full article →

Manual Stock Issues

October 1, 2018 Inventory Control

Purpose This function can be used to manually enter the details of ‘Stock Issues’ that have occurred in given Stock Locations. Once an issue is completed using this facility, the items are moved out of the inventory from the issuing stock location via a ‘Manual Stock Issue (MSI)’ transaction, and the value of the inventory being […]

Read the full article →

Generate Transfer Orders

September 5, 2018 Inventory Control

Purpose Use this function at any time during the day to generate Stock Transfer Orders based on the current inventory levels held in the system. This function allows you to generate transfer orders in the same way as the overnight (End-Of-Day) replenishment functionality except that this procedure can be run at any time during the day, any number […]

Read the full article →

Manual Stock Transfers

September 2, 2018 Inventory Control

Purpose This function can be used to manually enter the details of Stock Transfers that have occurred between two Stock Locations. Once a transfer is completed using this facility the inventory items are moved out of the inventory of the issuing stock location via ‘stock transfer issue’ transactions, and into the stock on hand of […]

Read the full article →

Stock Take Unit Cost Maintenance

August 2, 2018 Inventory Control

Purpose This function is used to adjust the average cost of a product that is currently on a stock take run. Such a change would be by exception – usually to correct some previous problem/mistake typically caused by the incorrect processing of a stock receipt transaction value. Because the processing of stock transactions during a stock […]

Read the full article →

Stock Value Adjustment

July 31, 2018 Inventory Control

Purpose This function is used to adjust the average cost of a product in stock in order to revalue it. Such a change would be by exception – usually to correct some previous problem/mistake typically caused by the incorrect processing of a stock receipt transaction value. This value maintenance is carried out at either the Warehouse […]

Read the full article →

Bin Transfers

July 25, 2018 Inventory Control

Purpose This function is used to transfer stock from one ‘Bin’ to another, within the same Stock Location. The stock location selected must be using Multi-Bin tracking (Bin Tracking Code ‘3’) in order to use this bin transfer facility. Please refer to Bin Tracking Options for more details. This function provides the ability to keep track […]

Read the full article →

Create New Prices

June 27, 2018 Inventory Control

Purpose This function can be used to create a working copy or ‘draft’ of Future Pricing based on existing pricing details. With this tool you can ‘copy’ part or all of the existing current pricing, applying inflation factors to create new pricing. This new set of prices are basically held in a ‘work in progress’ area […]

Read the full article →

Product Future Pricing

June 27, 2018 Inventory Control

This sub-system is called Future Pricing, and as the name suggests, it provides tools for the creation of product sell pricing for use in the future whilst leaving your current ‘active’ pricing in place and operational. These functions allow for the entry and maintenance of a new Price List through the creation of new a […]

Read the full article →

Adjust new prices

June 27, 2018 Inventory Control

Purpose This procedure is used to enter and/or modify future prices for products. It is designed to be used for the fine tuning of new pricing after the bulk updating of prices via the Create New Prices function and/or the Upload New Prices tool. Using this function, new pricing can be entered or changed on […]

Read the full article →

Manually Apply New Prices

June 27, 2018 Inventory Control

Purpose This function is used to ‘activate’ the Future Prices held in the system. This function copies ‘New Prices’ overwriting any current product pricing with the new details. Future pricing would normally be applied automatically via the overnight End of Day routine when the ‘Apply To’ date on the new prices is reached. This means […]

Read the full article →