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report information relating to inventory activity

Inventory Control The Inventory Control system provides the ability to maintain and report information relating to inventory activity, status and cost. This information includes summary totals at the inventory item level and detail information on the individual open orders which make up the total picture of availability and demand. Transactions pertaining to physical counting are accepted. The appropriate records are updated immediately upon the entry of any transactions, and audit trails in the form of transaction registers and history reports are provided. The standard inventory reports have been provided, as well as some special formats designed to aid the user in areas such as physical inventory and financial reporting. An inventory inquiry function which displays or prints the current status of inventory items along with any open orders pertaining to the item is also provided. The system management portion of Inventory Control also includes functions for the recosting and pricing of inventory based on historical data in conjunction with parameters entered by the user. In providing the vehicle for inventory record accuracy, the Inventory Control system assists in improving customer service, productivity, and profitability while providing the foundation for the implementation of advanced production and inventory control techniques. Inventory Control functions: Inventory file maintenance Inventory control inquiry Inventory issues and receipts Purchase order processing Customer order processing Production order processing Physical inventory processing Inventory transaction history Inventory locator Inventory control reports System management functions