Inventory Management System deals with the maintenance of equipments.
Inventory Management is a discipline that encompasses the principles, concepts and techniques for determining what to order, when to order and how much to order.
The right amount of inventory involves the balance between what is required to service your customers and what is financially practical.
Precise control and safeguarding of inventory is an essential task for a successful, well-organized company; businesses require timely and accurate information on inventory location, movement, and valuation. The Inventory Management module for Sage MAS 90 and Sage MAS 200 ERP systems provides data pertaining to the receipt of goods, the movement of goods within or between locations, the sale, removal, or other disposition of goods, kitting capabilities, lot and serial tracking, and the precise valuation and status of goods remaining in inventory at any point in time. When used in conjunction with other Sage MAS 90 and 200 modules, Inventory Management is the cornerstone of an effective manufacturing or distribution solution. Inaccurate inventory counts can cost you sales and delay shipments past the promise date. Out-of stock items as well as overstocked items in inventory can be devastating to your business. Additionally, an overstated or understated inventory valuation can result in incorrectly reported assets within your financial statements.
Inventory Management offers comprehensive reporting capabilities to keep you on top of inventory status. Generate reports on item pricing, stock status, detailed sales history, backorder information, reorder points and recommendation, valuation, turnover, sales analysis, and much more. And adding the Business Alerts module can keep your staff on top of quantity changes to critical inventory items, to keep stocking levels precisely where you want them. Properly used, the Inventory Management module can help bring about the formulation of new or improved purchasing policies, sales policies, pricing methods, and even enhanced customer service. Inventory Management could also provide your company with an additional edge over competitors who are unable to access the same strategic information.