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MYOB Advanced Inventory Management how can it make a difference for your business?

MYOB Advanced Inventory Management can make a difference!

Gain real-time access to available stock control, inventory, inventory in transit, reorder quantities, and inventory costs with multiple warehouses, lots, inventory sub-items, expiration dates, bin locations, and the ability to break down locations according to branches all in one place. You can also do Stock Management such as stock and non-stock management and manage inventory within MYOB Advanced Distribution and Inventory Management. Efficiently manage your distribution process to improve customer satisfaction while maximising profit and conduct inventory forecasting with all data available in one place. MYOB Advanced Inventory is integrated across your entire ERP software, be it MYOB Advanced Financial Mangement, MYOB Advanced Customer Management or any other suites, giving you access to comprehensive and flexible reporting and analysis at all times. So at a high level what are the features of MYOB Advanced Inventory Management?

Accurate cost management

Specify different valuation methods for different inventory items, and accurately track inventory holding costs and costs of goods sold.

Multiple valuation methods

Select different valuation methods for each inventory item, including standard cost, moving average, item-specific and FIFO. You can even directly adjust costs and physical inventory from inquiry and report screens.

Multiple warehouses

Use location-specific inventory quantities, allocations and costs to manage multiple warehouses, and redistribute inventory from central warehouses as required.

Inventory sub-items

Track inventory characteristics with the use of sub-categories. Quantity information can be assigned to sub-items, allowing you to view detailed segment information insights and aggregated totals.

Lot and Serial Numbering

Assign serial numbers upon receiving, issuing, or assembling each item - and track inventory by that serial number. You can even assign specific valuations to certain numbers in order to track costs.

Two-Step Transfers

Track your inventory transfers into and out of your transit account, so you can monitor goods currently in transport between locations.

Inventory Sub-Items

Create sub-categories for your inventory and associate separate costs or information with each, in order to further simplify your tracking and reporting.

CRM Integration

Avoid re-entering information like price and discounts, with easy conversion of CRM opportunities to sales orders. You can even verify shipping and delivery status by locating orders.

Expiration Dates

Reduce inventory waste with automatic issuing of earliest expiration dates, and instantly remove expired items from available inventory.

Inventory Bin/Location Control

Easily maintain control over your inventory, with clear specifications around the types of transactions allowed, their priority, and cost by location.

Purchase Order Automation

Make re-ordering easy, with automatically generated purchase orders based on replenishment algorithms and your stock levels. Generated orders go directly to the vendor with the best delivery time and price.

Transaction Reason Codes

Create reason codes that link directly to your general ledger and inventory reports. Use these financial and operational reports to measure trends and spot problems.

Inventory Replenishment Suggestions

Use historical sales data analysis, and system-generated replenishment recommendations, to lower your overall inventory.

Sales Order Discounts and Promotions

Manage your discount policies and complex pricing models with ease - while still maintaining any price override policies you have in place.

BOMS, KITS, Production, Configure To Order - all supported!

Case Study

Have a look at the success story of one of our clients we deal with on a daily basis - Woolcock Group - and understand how MYOB Advanced took their business to the next level. 

Click below to watch the quick video! 


How much does MYOB Advanced Inventory Management Cost?

The pricing of MYOB advanced Distribution and Inventory Management can differ depending on your business situation. Have a look at the pricing structure of MYOB Advanced Distribution and Inventory Management here

Take Control of your Inventory and Distribution!

Download the MYOB Advanced Inventory and Distribution Management eBook below to gain more insight into the benefits listed above as well as a case study on one of our MYOB Advanced Business success stories.


Need more information? Call 1-800-155-999 for more detail

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