Inventory Control
Introduction
Omni accounts Inventory Control Module allows you to capture stock items, their
descriptions and their selling prices. It will allow you to track levels and can
be linked to both Customers and Suppliers.
TOP
Large stock code fields
Omni Accounts Inventory Control Module provides for Alpha-Numeric Stock Codes of
up to 25 characters in length. This is well suited to large industry, especially
the motor-industry which has a specific requirement for longer stock codes than
usual.
TOP
Multiple levels to stock categories & sub categories etc.
Should then need arise in your business to either group or categorise your stock
items, Omni Accounts provides for unlimited Product Groups, Stock Categories and
combinations thereof. Meaningful reports can then be extracted, based on these Product
Groups and Stock Categories at a later stage.
TOP
Multiple Stock Warehouses (branches)
Omni Accounts Inventory Control Module provides for Multiple Stock Warehouses and
is the ideal solution for those businesses with geographically separate physical
stock warehouses or for those businesses with multiple virtual warehouses, where
stock is held in different areas, dependent on its state, e.g. Raw Material vs.
Finished Item.
At the click of a button, Omni Accounts Inventory Control will be able to show you
the stock levels of a stock item in each individual warehouse or all the warehouses
collectively. The movement of stock items between warehouses is controlled through
a series of Inter-Warehouse Documents, providing the security and controls you require.
Further to this, in the case that warehouses are geographically separate, Omni Accounts
Inventory Control Module can provide for the calculation and storing of cost prices
per warehouse and not per stock item, allowing for the factoring-in of extra costs
, such as transport costs into the cost prices of stock which is stored in remote
locations.
TOP
Multiple Stock Selling Prices
As a standard, Omni Accounts Inventory Control Module provides for the capturing
of up to 3 stock selling prices per stock item. These three selling prices can be
linked to your customers' and suppliers' categories through a Stock price Index.
These selling prices can be captured as whole Rand values, in which case they remain
static regardless of whether there is a change in the cost price concerned. Alternately,
they can be set to adjust by a specific percentage mark-up, by invoking the 'Auto
Selling Price Mark-up' option, in which case they will automatically adjust according
to movements in the cost price concerned.
Where your business requires the ability to configure more than three stock selling
prices or you require the ability to configure special deals with certain of your
clients or certain customer/stock categories, Omni Accounts Inventory Control Customer
Deals will provide you with the functionality you require. Customer Deals enables
you to set up a time limited/open ended deal, based on Customer/Customer Category/Customer
Region/Stock Item/Stock Category and/or a specific minimum order quantity. This
effectively translates into the ability to cater for unlimited stock selling prices,
should that be required.
TOP
Stock Pop-Up Memo and Stock Images
Each Omni Accounts Inventory Control Master File boasts a free-format memo field,
with the option to set this to automatically pop-up. Stock Images can also be saved
to the Master File, minimising the chance for confusion, should there be similar
stock items in your inventory.
TOP
Stock Serial and Batch Number Tracking
Omni Accounts Inventory Control Module provides for comprehensive Stock serial and
Batch Number Tracking on all stock items entering and exiting your business as well
as those forming part of the manufacturing process.
Omni Accounts will require every issue or receipt for these stock items to specify
serial and/or batch numbers. Omni's advanced search functions allow for full tracking
of the serial and/or batch number according to invoice, so should there be a case
where one of your suppliers recalls a specific batch for example, establishing which
of your customers purchased the items concerned is a simple process of running a
serial-number search by invoice, enabling you to recall the item accordingly. Batch
Numbers will also give you the ability to configure a Shelf Life and Warranty Period
if required.
TOP
Multiple Stock Valuation Methods
Omni Accounts Inventory Control Module provides for a number of Stock Valuation
Methods including Moving Average, Weighted moving Average, Latest Cost and more.
In addition, Omni Accounts also provides for the setting up of Stock valuation Methods
per Stock Item, ideal for those instances where you carry a combination of highly
price volatile stock items as well as items which are not.
TOP
Links to Supplier price lists
Omni Accounts Inventory Control Module provides for a full Supplier Price Matrix.
This means that you have the tools to import your suppliers' price lists into Omni
Accounts and then set up relationships between your internal stock codes and those
of your suppliers'. This will give you the ability to view your Supplier's Price
list within that particular Supplier's Account. It will also give you the ability
to link multiple suppliers to a particular stock item, whose prices can be viewed
within the stock master file, facilitating efficiencies in your re-ordering process.
TOP