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INVENTORY
What do we have in stock? Where is it located? How much is it
worth? You need the answers to these questions in order to
manage your inventory effectively. OPEN SYSTEMS® Accounting
Software (OSAS) Inventory application gives you the timely and
accurate information you need to make sound purchasing and sales
decisions. You can track every aspect of your inventory, helping
you make a positive impact on your bottom line.
Make informed buying and
selling decisions, improve customer service, and save money
You can closely monitor inventory movements by tracking
detailed inventory history; then, use the Inventory Movement
Report to identify your best products and to understand their
purchase/sales cycles. You can even spot seasonal demand
patterns. The Valuation Report summarizes the value of the items
you have on hand and the profit on items sold during the year.
You'll have information at your fingertips to help you
satisfy the customer. You can provide them with accurate and
timely information by accessing on-hand inventory quantities.
Receipts are posted online, so they're always available to sell.
When tracking an order, you will be able to quickly access
detailed descriptions for each item. You'll know at a glance the
items in use, committed, and on order. You'll even be able to
recommend alternative item options.
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OSAS Inventory Offers Choices
and Flexibility With These Key Features:
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Your physical inventory process will be simplified; you
can process by worksheet or by tags. You can also select
a group of items for a cycle count. And, the physical
inventory feature lets you freeze quantities while
processing continues. The count process allows for
multiple tag numbers, exception-only entry, and
defaulting count quantity. |
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Use unit conversions to buy in one unit (unlimited units
of measure) and sell in another, meeting the specific
needs of your customers. |
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You'll appreciate the flexible cost valuation feature.
It lets you choose from Average Cost, LIFO, FIFO, or
standard cost evaluation methods to know what your stock
cost is and what it's worth. Unlimited LIFO/FIFO tiers
track exactly what you paid for each item, regardless of
your costing method. |
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You'll be able to use the multiple warehouse
capabilities to track and transfer stock between several
locations and to make sure it's where it's needed most.
You can assign a transfer cost which you can then post
to General Ledger. |
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Determine your own report sequences with user-definable
categories. Collect the additional information you need
with user-definable fields. |
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You can analyze your inventory by looking at summary
history. Sales and purchasing data about each item is
tracked for each period, year-to-date, last year, and
life-to-date. |
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Readily identify the products that you purchase with lot
tracking. You'll have the ability to determine which
vendor you purchased any given lot from, when it was
received, when it will expire, and to whom it was sold.
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You'll have flexibility in your pricing structure with
price matrixes. These allow you to assign different
price levels to the same item. |
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Up to sixteen user-defined fields may be entered,
defining up to four additional sorts. Many Inventory
reports and processes can be selected using these
fields. |
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Identify many different alternate items and search for
any part number. Alternate items may be used for
customers' part number, vendors' part number, bar codes,
alternate, or superseded items. Searches may be
performed on any of these items. An item number may be
retrieved in a variety of ways, including quick lookups
on customer/vendor parts, aliases, lot number, and
serial number. You can perform a search anywhere in OSAS
where an Item ID prompt is found. |
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Retain unlimited movement history for ten separate
transaction types: sales and credits, purchases and
debits, builds and issues, material requisitions,
transfers in and out, and adjustments. |
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Use the Reorder Processing Menu to analyze inventory and
determine amounts to reorder based on three different
calculations: Min/Max, EOQ, and Forecast based on
trends. Select the method best suited to your data. You
can then select an option to generate a purchase
requisition, or select the lowest quantity from all
three calculations. |
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Inventory Reports:
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Item Status Report |
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Safety Stock Alert Report |
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Price Report |
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Valuation Report |
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GL Adjustments Journal |
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Serialized History Report |
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Sales Analysis Report |
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Physical Inventory Variance Report |
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Physical Inventory Worksheets |
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Overstock Report |
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Reorder Report |
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Trend Analysis Report |
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Slow/Fast Movement Report |
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Inventory Movement Report |
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Cost Variance Report |
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Lot History Report |
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Gross Profit Analysis Report |
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Transaction History Report |
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Physical Count Valuation Report |
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Movement Trending Report |
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