Century's Inventory Module provides extensive capabilities
in product sourcing, holding, packaging and pricing. Historical behaviours can
be analysed so that future demand may best be predicted. It is only through
such analyses that inventory levels can be optimised.
What does it do?
Century Inventory features multi-location, multi-warehouse
and multi-bin locations, provides individual warehouse pricing, master and alternative
suppliers and allows for inter warehouse transfers to be optionally based upon
Primary and secondary product code as well as bar code are
provided together with unlimited free-form product description, unlimited alternative
products and serial numbered products.
The system provides for separate units of purchase and units
of sales with an automatic conversion facility between the two performed by
the system. Similarly the system maintains an unlimited number of alternative
suppliers either centrally or by individual warehouse.
Users can define a variety of packaging classes which provide for different
purchase, storage and sales units. Minimum re-order review facilities are also
A comprehensive set of pricing and revaluation facilities is provided. This
includes unlimited quantity breaks by user definable product or product grouping,
cost or sell price uplift by user defined percentage of dollar by product and
customer, and price revaluation by ABC class or individual product price, percentage
or dollar increase/decrease by nominated effective date. Price revaluation by
cost may be updated upon receipt of supplier's advice of effective date.
Optimisation facilities include on-line viewing of stock on
hand and available by warehouse with details of order received, reserved, back
orders reserved and received and blanket orders received and reserved.
In line with the facilities provided by all the Century modules comprehensive
inquiries are provided. They include drill down to transaction detail. Query
by Form and optional navigation to the transaction's source even when the source
is within another module, navigation supports extends to allocation so that
original item details can be investigated.
How it is used?
Century Inventory Management is used in conjunction with one or more Century
Financials Modules. These include Purchasing, Sales Order
Entry, General Ledger and Project Costing.