HOME > OPTIMUM > PRODUCTS > INVENTORY
 
 
 
Inventory Setup

OPTIMUM identifies three main classes of inventory items: stock, non-stock, and services. Within each class, they are further grouped into categories and sub-categories. OPTIMUM manages the inventory in the methodology of your choice be it FIFO, LIFO or average stock. Item names may be up to 100 characters long. Multiple storage areas may be used with control of movements from one to another.


Data Input

OPTIMUM can store as much data as you need for each item:

  • It will handle multi-packs, of any number of items
  • It can handle items by the weight working with decimal quantities
  • It offers a bar code facility (with the use of an electronic reader)
  • It can hold several suppliers, together with their pricing tables
  • It allows you to input several sales prices options, as well as a discount allowed (with control at sales level)
  • Serialized items may be traced with the capture of manufacturers’ ID, and manufacturers’ product ID and number
  • It gives you the possibility to attach pictures or any scanned document, as well as to add extensive additional descriptions


Processing

First it will easily record your various tasks:

  • Receipt of goods (allowing multiple deliveries per order, with PO lines matching)
  • Purchase returns and sales returns (matching with original transactions)

  • Inventory adjustments (write-offs, movements between stores and transfers)
  • Assemblies and disassemblies of a product.


Apart from posting all the relevant accounting entries upon each task that you input, OPTIMUM will instantly:
  • Update the average costs, the quantities in stock and on order
  • Display the inventory per store for easy stock taking
  • Show you at all times which items should be replenished with the reorder worksheet, calculated based on the reorder levels and quantities available and ordered
  • Control the quantities being ordered in Purchase Orders through the reorder quantities that you will have set
  • Calculate your assemblies and maintain their numbers as well as those of their components accordingly


Data Retrieval

OPTIMUM also offers a powerful and user-friendly data retrieval, whether on-screen or in print, including the inventory master listing, the inventory count per store, the price list (with a quick edit facility), the inventory valuation, the ordered goods list, the returned goods list, etc. From these queries, database search is simple through sort/filter commands applicable to any field. Also worth noting is the inquiry of goods received (drilling down to the PO) and goods delivered (drill down to invoice/receipt).

  • Properties' registers by the various categories
  • Contracts reports
  • Real Estate sales reports
  • Owners register
  • Contracts register
  • Maintenance reports
  • Real Estate history