Inventory Management

The ALLIANCE™ Inventory application is designed to streamline the task of materials management. The application assists in both planning and purchasing activities which helps in maintaining optimum inventory levels. Vital financial information is also compiled that outlines inventory costs and value statistics.

Inventory Application Benefits

• Application control file provided for flexible set-up
• Tracks inventory items by item number, item category code, and user-defined descriptions
• Maintains inventory item pricing levels, average cost, replacement cost, standard reorder level, quantity on-hand, and quantity committed
• Provides quantity conversions for convenience in issuing inventory by the case, carton, box, etc. and individually
• Tracks up to three vendors with each inventory item to facilitate purchasing activities
• Provides inquiry routines reflecting the status of any inventory item
• Summarizes period and year-to-date activity associated with individual inventory items
• Supports multiple inventory costing methods including LIFO, FIFO, and average cost
• Allows locator codes for each inventory item for tracking inventory maintained at different sites and locations
• Tracks inventory transactions including receiving, sales/issues, adjustments, returns, and transfers
• Provides user-defined field for comments related to inventory transactions
• Retains historical inventory item information for reference in planning and purchasing
• Provides on-line maintenance of inventory item information with corresponding edit lists
• Generates physical count worksheets for any range of inventory items
• Provides automated procedure for updating inventory item quantities following physical counts
• Produces plain paper receipts for inventory item sales
• Flags user with automatic purchase advisories with accompanying reports
• Produces inventory valuation statistics upon demand
• Operates "stand-alone" or interfaced with ALLIANCE™ applications

Inventory Reports

• Inventory Item Lists
• Inventory Item Usage Report
• Inventory Price Lists
• Inventory Layers Status Report
• Inventory Stock Status Report
• Physical Count Worksheet
• Purchase Advisory Report
• Transaction Audit
• Inventory Posting Register
• Vendor Analysis Report
• General Ledger Distribution Report