The Inventory Management module is part of the core functionality of the application. It contains all of the information related to an item including costs, quantities, and on-hand requirements.

Before you begin using this module, you must define inventory information for part records. Additionally, you must define the part’s unit of measure codes for inventory, selling, and purchasing transactions. You can also track part records using lots or serial numbers; this module contains the functionality to set up these tracking functions. You also define the sites that manufacture part quantities, as well as the countries of origin for the manufactured and purchased parts.

The primary function of this module is to manage the flow of materials from incoming purchase orders, through manufacturing, and lastly, shipping to the customer. These items can be received to stock or directly to the job, and then shipped from stock or from inventory. Inventory transactions are made in the same way regardless of the manufacturing environment - make-to-order (MTO) or make-to-stock (MTS). These transactions result in costs that are posted to the general ledger.

To complete the Inventory functionality, a thorough set of tools is available to assist you during both cycle counting and physical inventory counting. Use these tools to make sure the part quantities available within your warehouses are accurate and up-to-date.