See how MYOB Advanced Inventory Management can make a difference for you
MYOB Advanced inventory management can make a difference!
Gain real-time access to available inventory, inventory in transit, reorder quantities, and inventory costs. Efficiently manage your distribution process to improve customer satisfaction while maximising profit. Manage multiple warehouses, lots, inventory sub-items, expiration dates, and bin locations. MYOB Advanced Inventory is integrated across your entire ERP software giving you access to comprehensive and flexible reporting and analysis at all times. So at a high level what are the features?
- 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!
Come and discuss with the Inecom team to see how we can help transform the future of your business systems with Cloud ERP.
Call 1-800-155-999 for more detail and book your workshop here: https://goo.gl/LScoHK