Inventory Management Inventory Management

Improve customer service and profitability with real-time access to available inventory, inventory in transit, and inventory costs.

How Inventory Management can work for you

Control system-wide inventory to efficiently manage your distribution process without losing track of costs. Receive inventory to a specific location and drill down to change item default lot/serial numbers, valuation methods, accounts, and more.

Key Benefits of Inventory Management for your Company

  • Accurately manage costs

    Accurately track costs of goods sold and inventory holding costs. Select a different valuation method for each inventory item. Create GL entries directly from inventory transactions.

  • Multiple warehouses

    Manage multiple warehouses with location-specific inventory quantities, allocations, and costs. Redistribute inventory from a central warehouse to other warehouses automatically upon receipt.

  • Multiple Valuation Methods

    Use standard cost, moving average, FIFO, and item-specific methods. Select a different valuation method for each inventory item. Make direct adjustments to cost and physical inventory count using report and inquiry screens.

  • Inventory sub items

    Assign sub-categories to track inventory characteristics such as size, color, and style. Associate quantity information with each sub item. View detail segment information and aggregated totals.

  • View Data Sheet

Important Features of Inventory Management

  • Lot and serial numbering

    Track inventory by lot or serial number. Assign or enter lot/serial numbers on receive, issue, or assembly. Associate item specific valuation methods to serial numbers to track specific costs.

    Expiration dates

    Expired items can be automatically removed from available inventory. Acumatica can automatically issue items with the earliest expiration date to minimize losses.

    Transaction reason codes

    Measure trends and spot problems by assigning reason codes to inventory transactions. Reason codes can be linked to both GL accounts and inventory levels for financial and operational reporting.

    Two-step transfers

    Inventory transfers are done in two steps so you can track goods in transit between locations – with GL entries into and out of “in transit” account.

  • Inventory bin/location control

    Specify the types of items and transactions allowed, picking priority, and cost by bin and location.

    Inventory replenishment suggestions

    Lower your inventory with system-generated replenishment recommendations based on historical sales data analysis.

    Inventory sub-items

    Simplify reporting and tracking by separating items into sub-categories such as size, color, and style. Associate separate cost and quality information with each sub-item.

    Purchase order automation

    Automatically generate purchase orders based on stock level and replenishment algorithms. Orders go to the vendor with the best price and delivery time.

  • Sales order discounts and promotions

    Manage complex pricing and discount policies including volume discounts and multiple discounts per item. Maintain policies for price overrides.

    CRM integration

    Convert CRM opportunities to sales orders without re-entering pricing and discount information. Customer service can easily locate orders to verify shipping and delivery status.

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    of the Inventory Management Application

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