Inventory Management – Forward ERP

Items

Items can be created and managed with the help from user defined item number templates for specific structured item numbers.
The item’s source can be set as either purchased, manufactured, sub-contracted or non-stocked.
Items may be indicated as serialised, batch controlled or neither.
Detailed classifications of each item, such as commodity, item class and the base unit of measure (including conversion ratios between multiple units of measure) can be managed from one form.
Indicate per unit of measure per item whether purchasing and selling is allowed, and whether specified quantity multiples are required.
Multiple barcodes can be linked to an item.
Customer and Supplier Item Numbers can be referenced per item number.
Optionally indicate that items are exclusive to specified suppliers and/or customers.
Where applicable, item revisions can be used.
Maintain the standard costs and the sales prices and also get an overview of all the relevant price catalogues.
Perform various enquiries on current stock, stock allocations, work in progress (WIP), active orders and warranty expiry dates.
Material Requirements Planning (MRP) and stock reordering can automatically suggest purchase and manufacturing order quantities based on supply and demand and the replenishment settings for each item.
Indicate the ABC classification of an item, and update the ABC classification based on stock usage.
Maintain specific or generic substitution rules per item.

Unlimited number of warehouses can be individually configured with optional or required rules and make use of predefined and/or dynamic bin locations.
Bin locations can have set rules, such as to participate in automatic stock allocations.
Items can be linked to warehouses and or bin locations as required.
Custom Warehouse Bin Location and Item Labels are generated and printed from the system.

tock age, quantity on hand and value of stock are always available in real-time.
Stock valuation methods include actual costing and average costing.
Use integrated barcode scanning and/or radio frequency scanning devices to capture stock transactions in real-time.
All stock transactions are seamlessly integrated into the general ledger in real-time.
Use stock precedence policies including FIFO, LIFO or bin alphabetical.

Create full counts or cycle counts using the stock count system, which can be completed manually, via mobile scanning devices for real-time counts or by uploading from a spreadsheet.
Full audit trails of each count event and subsequent adjustments are visible from this system.

Manage stock owned by customers and suppliers and have the ability to use them as stock in different stock transactions.
Manage stock in specified consignment warehouses.

Create non-conformance groups and types.
Create non-conformance reports specific to a business unit, work centre and warehouse.
Specify the type of non-conformance, the item number, serial number, quantity and total cost of a non-conformance.
Link persons, customer and supplier responsible or involved with the non-conformance.
Update the status and details of a non-conformance.
Add a thorough description, a corrective, immediate and preventative action and the root cause for the non-conformance.
Set up concessions for specific non-conformance items.
Create an enquiry to view non-conformances, concessions and corrective-actions within specified periods and of certain statuses.

Conduct internal stock transfers between different warehouses
Bulk transfers can be done per warehouse
Automatically initiate a stock transfer to a specific warehouse or bin location, when entering manufactured stock into the system either manually or via a scanner.

Transfer and receive stock between sites using a Warehouse Transfer Requisition.
Retain visibility of in-transit stock.