Advanced Inventory in Acumatica
For manufacturing firms, few things matter to you as much as your inventory. While yes, putting the right people on the right equipment on the right schedule is vital, your job is to convert material inputs to products and have just enough items on hand to balance storage costs with products that you have capable to promise.
Why Inventory Management is Critical for the Modern Manufacturer
Understanding your inventory is vital to the short- and long-term success of your firm, and proper visibility into products is the key to running a profitable, customer-focused business.
But not every inventory solution delivers the real-time visibility and control you need to thrive in the manufacturing space. Flexible, powerful, and born in the cloud, Acumatica Manufacturing Edition delivers this functionality—providing the solution you need whether you are a small shop or a multinational firm.
Designed and built for manufacturers by manufacturers, Acumatica Manufacturing Edition helps you to streamline your operations, reduce costs, and see the entire picture.
Key Features of Acumatica Inventory Management
With Acumatica’s Inventory Management functionality, you gain the control and visibility you need, whether items are in your warehouse or in transit. Whether you need it to accurately manage costs, connect a variety of warehouses or facilities, or simply keep items flowing through your business and into the hands of your customers, Acumatica’s Inventory Management makes it easy.
Configured to meet your firm’s unique needs, here are just some of the features you get from Inventory Management:
Lot and serial numbering
No matter how your facility runs, Acumatica helps you see the bigger picture. Easily track inventory by lot or serial number, accurately assign or enter lot/serial numbers on receipt, issue, or assembly, and go even further by associating item-specific valuation methods to serial numbers to track specific costs.
Avoid Loss with Automatic Expiration Date Tracking
Reduce the hand-counting and manual checking of expiration dates with automated expiration date tracking. Expired items can be automatically identified for removal from available inventory. Acumatica can automatically issue items with the earliest expiration date to minimize losses.
Keep Control of Inventory with Reason Codes
Measure trends and spot problems by assigning reason codes to inventory transactions. Reason codes can be linked to both GL accounts and inventory levels for financial and operational reporting.
Stay in Control of In-Transit Items with Two-Step Transfers
It’s still your inventory until it reaches your customer. With Acumatica, inventory transfers are done in two steps so you can track goods in transit between locations – with GL entries into and out of an “in transit” account.
Stay ahead of Stock-Outs with Inventory Replenishment Suggestions
Keep the right amount of in stock inventory to avoid excess costs and stock-outs. Acumatica can help you keep control of your inventory with system-generated replenishment recommendations based on historical sales data analysis.
Facilitate Categorization with Inventory Sub-Items
Don’t lose track of your inventory—especially when you’re using a variety of items in a hierarchy. Acumatica empowers users to simplify reporting and tracking by separating items into sub-categories such as size, color, and style. Associate separate cost and quality information with each sub-item.
Connect Your Inbound Product with in-Stock Products
Bring the right items in and pay for them with ease. By connecting inventory with PO automation, you can automatically generate purchase orders based on stock level and replenishment algorithms. Orders go to the vendor with the best price and delivery time.
Easily Serve Customers with Integrated Sales Orders and CRM
No matter how complex your pricing strategy, your ability to serve customers is critical. Manage complex pricing and discount policies including volume discounts and multiple discounts per item. Take it even further by automating the Quote-to-Cash process with CRM integration.
“The biggest time savings for us is not having to go out and wander through our yards of product to see what we’ve actually got on hand. Having a live inventory of what we have across seven different locations has been a huge time savings for people.“
– Patrick Sauter, Vice President, Dakota Red Corporation
Get to Know Acumatica Manufacturing and The Donas Group
Built to integrate with a variety of applications—whether they are made by Acumatica or a third-party vendor—Acumatica’s Manufacturing Edition functionality delivers a strong backbone for your business. Just one of the many core features of Acumatica Manufacturing Edition, Inventory Management is built to keep you in control.
As a leading provider of this usable and functional application, The Donas Group can help you make the most of your journey to the cloud. Get to know more about our work and contact us for a free consultation.