Inventory

Inventory Management updates and maintains raw materials, WIP and finished goods inventory quantities and costs. Allocations are relieved as inventory items are issued to the job, or as purchase order receipts for purchased items are posted.

Issued inventory reduces quantities on-hand, which are continually replenished through the processing of purchased or manufactured item receipts into inventory. Average and last costs for every item are continually updated. A variety of screen inquiries provide management analysis of MRP, shortage monitoring, reorder analysis, stock status, valuation, and critical items.