DYNAMIC 3i INVENTORY CONTROL MODULE

Maintain the Right Levels and Mix of Inventory

This module assists you in maintaining the proper levels and mix of inventory in your distribution organization. Your company will be more effective in responding to customer requests.

Record Establishment

DYNAMIC 3i enables you to establish almost any relationship between inventory items regarding quantities and pricing options. You can use it to replicate records for products. For single or multi-warehouse environments the system allows for copying individual products, product groups or whole warehouses of products to different locations. Inventory Control also does mass product switching. DYNAMIC 3i's free format text facility lets you enter detailed product descriptions, such as engineering specifications, that could be put on a purchase order. You can enter product information by line or by group. DYNAMIC 3i has the ability to print catalogues and price books listing for customers. The product image can be scanned and stored.

Quantity Calculation

DYNAMIC 3i offers great flexibility in inventory quantity calculation. It calculates economical order quantities and re-order points automatically. For maximum versatility, the system offers three kinds of unit of measure descriptions:

• stocking units
• selling units
• purchasing units

DYNAMIC 3i converts these units for easy reference. It also enhances costing and ordering precision by allocating three decimal places for product quantity units and setting percentage flags for currency figures.

Costing

Inventory Control also has variable costing methods-average cost, standard cost, last cost. These allow you to control product costing at the product or warehouse level. You may also establish a costing master record for imported products that lets you maintain packaging data, and track exchange rates and importation costs. This helps you to determine landed costs. For cost changes Inventory Control has an effective date mechanism.

Transfers and Adjustments

To reduce the incidence of lost inventory DYNAMIC 3i monitors inter-warehouse transfers, adjustments and individual receipts. Date and time stamping for inventory movement ensures that reconciliation is accurate and reasons for stock adjustments can be recorded automatically. When you move inventory, DYNAMIC 3i does the paper ork, generating the required shipping and receiving slips.

Stock Control

DYNAMIC 3i's extensive stock control capabilities allow stock-taking by tag or cycle count. Inventory Control simplifies the physical stock control process by generating inventory lists and tags automatically. Date and time stamping allow for stock-taking without disrupting your operations. DYNAMIC 3i handles discrepancies by roducing a physical inventory deviation report regarding transactions occurring immediately before or after stock taking. You can post these deviation to the General Ledger using one of an unlimited user-defined reason codes. The system facilities an "A B C" accounting cycle for daily inventory updates and its random audit feature lets you perform spot checks.

Linkages

Inventory Control integrates with Bill of Materials, Cost Control, Capacity Planning, Customer Service, Engineering and Tooling, General Ledger, Equipment Maintenance, Order Processing, Production Planning and Forecasting, Production Control, Purchasing and Receiving, Requirements Planning, and Sales Analysis.

Features

• Multi-level warehouse control
• Product switching
• Product replication
• Unlimited stock adjustment reason codes
• Random inventory audit
• Costing by standard, average and last cost
• Unit of measure conversion
• Demand and usage tracking for all products
• ABC analysis report organized by value on-hand or value of used inventory
• Product history analyses and turnover ratio calculations
• Stock status analysis
• Flexible month-end closing options