Inventory Control

Complete inventory management system allows several costing methods, multiple warehouse locations, lot tracking, and more.  Reports allow you to analyze and control your stock. Complete link to Purchasing, Sales Orders, Accounts Receivables, and General Ledger.  Integrates with kits and bill of materials. 

  

• Select one of four different cost methods, Average, FIFO, LIFO, or Last Cost.
• Multiple warehouse locations per item.
• Multiple locations within each warehouse.
• Define units of measure for purchasing and selling.
• Define each item with a Part number, UPC code, unlimited vendor part numbers, unlimited  customer part numbers, unlimited equivalent part numbers.
• Separate item description for purchasing and sales.
• Each item has an extended description with unlimited number of characters.
• Unlimited bin locations per item.
• Item types include: Inventory, Non IC, Raw Material, Kit, Service, and  Component.
• Define unit of weight.
• Carton pack and quantity per carton.
• Item origin either from stock, manufacture or both.
• Include picture of inventory item on display screen.
• Each item can have multiple price schedules.  Can be defined  by customer, by markup from cost, by discount from list price, by volume, by product code.
• Six price factors per item.  Calculate markup from cost or markdown from list price.
• Six (6) quantity price level for each item.  Selling price determined by quantity of item purchased.
• Customer specific price control for each item.
• Each item can be assigned a promotion price with expiration date.
• Allows for multiple vendors for same part number.
• Classify each item by one class code and up to three sub class codes.
• Master parts display shows item status: Available, On Hand, Committed-to-Ship, Committed, Back Ordered, On Order, Min-On hand, Max-On-Hand, Re-Order quantity, Minimum Order Quantity, Last Stock count date, last physical count, negative variance.
• Assign catalog page number item appears in.
• User defined status field.
• Flexible unit cost definition: Base cost, Discount percentage from base cost, net cost, Unit factor, Unit cost, landed cost, average cost.
• Allow each item to define tax status, tax rate, tax code, import tax percentage.
• Define GL link for each item: Sales, Asset, Cost and Service GL account.
• Item master display screen shows sales history: period-to-date, year-to-date, previous year, two (2) years ago.  Both quantities sold and dollar value. Displays last sale date, last buy date, last arrival date, date item created.
• Query system by class code and item type for fast on-line searches.
• Transaction processing system that allows adjusting stock quantities, warehouse transfer, or physical count adjustments. 
• Transaction processing links to GL to adjust costs (inventory valuation).
• Basic bill of materials for kits.
• Automatically deducts raw material stock from kit items at time of kit creation.
• Complete lot tracking control through item life cycle:  purchase order, sales order, to invoice.
• History look-up of lots by entry number, invoice number, sales order number.
• Allows for warehouse maintenance function.  Create up to 65,000 different warehouse locations.
  
  Reports

• General item listing report.
• Price labels.
• Items in stock report.
• Items out of stock report.
• Items on order report.
• Stock count work sheets report.
• Warehouse bin location report.
• Stock re-order report.
• Inventory adjustments report.
• Kit creation  report.
• Inventory physical count report.
• Parts status report.
• Lot tracking control report.
• General Ledger Distribution report.

Lot Tracking

The lot tracking system allows you to assign a control number to your incoming stock.  This number follows the item through the sales cycle and can be recalled from history.

• Assign lot numbers manually or auto generate them.
• Lots can be assigned at time of PO receipt or after the fact.
• Mark an item as bonded inventory.
• Only "cleared" items can be transferred into sellable stock.
• Track lots through sales cycle into sales history.
• Lots by item.
• Cleared items.
• Adjustment register by lots.
• Sales history by lot number.

Serial Numbers

The Serial Number capabilities of VFP allows tracking serial number from the PO receipt to the final sales invoice.

• Alpha numerical serial number field.
• Identify inventory items as serialized or not.
• Assign serial numbers to incoming stock during purchase order receiving.
• Pick serial numbers during order entry or invoicing.
• Serial number history lookup.
• Scan serial numbers during sales and purchase processing.
• List serial number for one part number
• Select all serial number for an invoice, sales order, purchase order or inventory transaction..

Kits

The KIT functions allows for a simple bill of material system.  Create a bill of material list for unlimited number of items.

• Enter kit on fly.
• Assign unlimited number of items to a kit.
• Allow sub kits to be assigned.
• Automatic cost calculation based on component count.
• Create an inventory transaction to enter a kit into stock.
• Automatically adjust stock on kit creation.
• Automatically adjust cost and price for kits.
• Bill of materials list by item number.
• IC transaction register for manufactured kits.