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Software Summary
 | Selling price can be updated as a percent of fixed dollar amount of the Cost or List
Price. |
| Single level, Indented and Summarized where used bill of material reports. |
| Vital statistics including: economic order quantity, estimated stock life, total used,
six month monthly average, last year usage, quantity due in/out and usage year to date. |
| Uses templates for fast data entry of parts with similar information. |
| Inventory items may be sorted by record no., part no., part name, category, drawing,
supplier, bin, or manufacturer. |
| Locates parts that are below their order point, or minimum values. |
| Includes on-hand and cost history for each item with automatic data compression. |
| Allows for non-depleting items like service charges and fees. |
| Fractional units of distribution |
| Supports schedule price changes. |
| Allows a price matrix for quantity discounts |
| Each item in inventory supports unlimited vendors per item with each vendor having their
own price matrix |
System Overview
Selection 'A' from the main menu allows you access to the Inventory database. The
inventory database is the collection of material and/or resources that your company would
like to manage. The database is composed of rows and columns. Each row (also know as
record) in the database contains all the information for one inventory item. Each record
is composed of several columns which are called fields. The fields are used to categorize
the row information so that latter processing by the computer is carried out efficiently.
If your business has service fees or, enter these fees as a different inventory item.
You may even specify whether they will be taxable.
One way in which II helps you to maintain your information in an organized manner is
through the use of pick list. An good example of a pick list is the 'Supply Cd' field in
the inventory database. If the code (number) means nothing to you, press the [Enter] key
on that field and the supplier database window automatically appears with the cursor on
the present selected supplier. Now you will see all the information concerning the
supplier as described in the Supplier - Fields section. You may even have II dial the
supplier's home, work, or fax number for you (modem required).
Along with being able to specify a specific supplier, Inventory Interface allows you to
specify a supply method also. The following methods have been defined by the system:
| Make to stock (MTS)- are usually high volume items that production
schedules are based on demand for final products. Safety stocks will buffer the
fluctuation in market demand |
| Assemble to Order (ATO)- are items that have many variants in the
final product. Production of these items based on forecast for the basic models with final
assembly taking place after the customer order has been placed. The lead time would
include the time needed to assemble the item |
| Make to Order (MTO)- are items that are involve procurement,
fabrication and assembly. Plans for these items are usually supplied by the customer. |
| Engineer to Order (ETO)- involve engineering, procurement,
fabrication and assembly. The customer usually provides the specifications in terms of
product performance. |
| Package to Order- are items that will be grouped or packaged. This
could include items such as kits, or even coarse material. This is very similar to MTS
except when this item is chosen to be sold, the single level bill of materials for the
item will be used in its place. An example of the use for this supply code would be a
computer. Once the computer's bill of materials is defined, the entire BOM for the
computer will be used in the Sales section. This would give you the flexibility to change
the hard drive or other options in the bill of materials. |
| Non Depleting Item- a non depleting item an item that is never
stock or is not tangible. Examples of this would include service fees and other labor
activities. |
  
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