Access your important data, anywhere, any time!
Take control of your inventory management with Accloud’s Inventory module. It allows you to create specific inventory types that best suit your business and control the way these items progress through the sales cycle and how they are displayed along the way.
Accloud’s Inventory module allows you to:
- Create & edit items
- Create Bills of Materials (BOM) & kits
- Perform Stock takes
- Create & Edit Item types
- Revalue Inventory
Advanced features allow the creation of new items from templates or other items. Mass updates from templates make bulk changes to selected inventory groups. Manage inventory by location and where items may be sold or purchased.
Key Inventory module features:
- Unlimited units of measurement (UOM)
- Bar Code per UOM
- Batch track items
- Costing per UOM per Location
- Prices per UOM per Location
- Serial Number track items
- Create New Items from Templates
- Bulk update by groups
- Specify UOM sellable or purchasable only
Efficient inventory management should be able to rapidly respond to customer requirements and be flexible enough to manage any corrections or changes as and when required.
Accloud’s Inventory module offers a diverse range of inventory management features to minimise warehousing costs and optimise storage needs. It also offers a host of advanced warehousing features, such as modification, balancing, transfer and reversing operations. Many features including the management of multiple storage centres and locations are included as standard functionality within Accloud’s Inventory module.
Accloud’s Inventory module provides a high degree of flexibility for handling complex storage needs and assures your warehouse inventory data is continuously updated. All ingoing and outgoing materials transactions are fully automated and seamlessly integrated with other Accloud modules, enabling efficient, fast and trouble-free inventory management within your organisation.
Category 1 (Non-Inventory)
An item may have no direct cost, yet the business charges a fee for it. For example, a telephone line rental is posted as a sale in the ledgers yet has no cost of goods or delivery charge, just the atomized capital and maintenance costs of the infrastructure.
You have the ability to create service items that are not inventory, but rather just labour, and to attach a nominal cost to it. In some instances, you may measure an item but not actually deliver it, such as data for an ISP. Service items are typically non-decrementing but will be measurable. They use income and expense accounts without asset accounts being required. Items may be labelled purchasable and sellable, so for instance we may sell a labour item, but we don’t purchase it. This filters the view of item lists according to the operation being performed.
Category 3 (Standard)
Physical items that are inventory tracked and may include goods that need a serial number or batch and lot tracking identification. Inventory items are assets of the business and made up of finished and unfinished products, raw material and merchandise. These items may have average cost, LIFO or FIFO costing methods applied.
Items that we may sell, and have the characteristics of inventory items, except we do not stock them and they have no value on our balance sheet.
Items that we may purchase, but do not sell, such as electricity and water.
Keeping Track Of Your Stock
The seamless integration within Accloud’s system provides you with the highest level of visibility and accuracy of data relating to the materials transactions and warehouse inventory within your organisation. You can configure the system to give your customers access to inventory information, availability and special pricing if it exists.
Inventory management assumes significant importance in a highly integrated supply chain and Accloud’s Inventory module helps organisations achieve critical business objectives including cost efficiency and enhanced customer loyalty by rendering superior visibility and streamlined processes.
Accloud’s Inventory module allows complete lot/batch control and traceability. We offer a full range of reports by lot/batch and serial number to ensure its effectiveness in your manufacturing and inventory management environments.
This function provides the facility for the designation of raw material lots/batches and the serialisation of the component parts made from those lots. This capability ensures the integrity and configuration management of critical parts and products.
Lot/batch control and serialisation options are defined at the system level and when one of these options is activated individual items are defined to be controlled by either lot number or serial number or by item number or both serial and lot numbers on the item master file. When a part is defined as being tracked by lot number and/or serial number, that tracking is enforced throughout all material transactions for that item and upward through its parent items.
For purchased items, lot or serial numbers are required for the full quantity of receipt, and are entered as part of the receiving transaction if so required, otherwise lot or serial numbers can be entered upon use. For receipts with many serial number tracked items, ranges of numbers may be entered. A running total of items accounted for with lot or serial number assignments are displayed, thereby ensuring that the entire received quantity is properly identified prior to completion of the transaction.
Furthermore, the system checks current inventory to ensure that duplicate numbers are not assigned. On subsequent inventory transactions, lot and serial traceability is enforced upward through the item’s bill of material structure. The lot or serial number and quantity are required on all material issues.
To assist you, all of the lot or serial numbers for the part being issued, as well as the quantity available for issue, can be displayed. Stock status reports and pick lists are printed with lot/serial number detail. Alternately, a lot or serial number can be entered that will yield the part number, quantity, and location(s) where it is stocked.