FB. Inventory Management

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Guide

Fast Inventory, which is integrated in ERP Fast Business, allows to record all receiving/issue activities, effective management based on information about storage location of inventory items, lot and expiry date info; multiple units of measure. This module provides management and analysis reports about receiving/issue, movement cycle, ABC analysis…

Item information

  • Item code up to 16 characters
  • Different fields for item classification
  • ABC classification
  • Multiple units of measure per item
  • Lots and expiry date info
  • Item order policy, order sizing and lead time
  • Weight, volume, color and size info
  • Data recording separately for physical value and booked value.

Site/warehouse information

  • Define location types with specific storage requirements such as temperature, humidity, and isolation requirements
  • Restrict users from accessing data in selected sites

FB50.EN.Inventory

Transaction processing

  • Transactions types:
  • Material requisition
  • Issue
  • Receipt
  • Stock transfer out
  • Stock transfer in.
  • Define transaction code and reasons for each vouchers.
  • Manage material issue through material requisition.
  • Option to allow over amount of inventory issued.
  • Items issued based on manufacturing order.
  • Inform shortage of material before manufacturing order signing.
  • 2 ways of stock transfer:
  • One step
  • Two steps.

Inventory counting

  • Print counting sheets
  • Print counting notes
  • Print physical count variance
  • Calculate physical count variance and create corresponding adjustment entries.

Inventory price calculating

  • Support different methods in calculating inventory price:
  • Monthly average
  • Moving average
  • First in – First out
  • Specific
  • Options of pricing method for each specific item

Reports

  • Stock card
  • Receiving/issuing reports
  • Stock summary by item, lot and location
  • Aging stock report
  • Stock report by norms
  • Slow-moving item report
  • Stock report of due-to-expire items, out-of-date items
  • Lot report
  • ABC analysis report

 

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