PRODUCT
Modules
- PRODUCTS
& PRICING
Products
This
module defines and maintains Products. Key features:
-
Provides a multi-level (unlimited) Product structure
– have as many Categories, Classes, Groups
and Sub-Groups as required
- Allows
a number of Attributes per product e.g. style,
colour, size, brand, model etc. all user definable
-
Average, last, FIFO and standard cost methods
-
Lot, Serial, and Use By tracking
- User
definable data covering various units of measure,
decimal places for cost, selling price and quantity,
pack sizes, weights and configuration, alternative
products and Suppliers etc
- Automatically
creates inventory items from Product creation
As
can be seen above, apart from Category (ABC Manufactured
Products), Class (Shirts) and Group (Mens Shirts),
there are three Sub Groups. Uniquely, more Sub
Groups could be accommodated if required.
Additionally, Attributes such as Brand, Style,
Colour, Sleeve length, and Size can be accommodated.
Attributes
enable product searches to be undertaken with
limited product knowledge and training. In the
above example a Casal blue T-Shirt with short
sleeves in size 16 can be located without any
product code knowledge.
Additionally,
monitor and track sales without the need to do
additional work via spreadsheets etc as can be
seen in this example:
The
use of Attributes provides an instant analysis
of sales for Mens Shirts in Australia:
-
100% of sales were Classic Brand
-
98% were Polo Style
-
47% were Sleeveless
-
43% were Blue
-
Sizes sold showed an even pattern
The
Attributes provide a better understanding of which
products are selling.
Combine
the structures and attributes with online inventory
ABCD/Ranking (refer Inventory below), and you
have the ability to manage complex inventory requirements
and better manage inventory levels and mix.
Prices
This
module provides for the creation and maintenance
of Price Lists. Key features are:
-
Unlimited Price lists
-
Unlimited Discount groups and Quantity Price
breaks
- Unlimited
number of special and promotional Price Lists
-
Specify start and end date per Price List
-
Include only Customers and/or Products required
on each Price List
- Multi
currency
- Print
and email Price Lists
From
this one form create and manage all Price Lists.
Inventory
The
Inventory module maintains ABCD classifications,
rankings, and tracks inventory by location and
bin within each location. Key features are:
-
Inventory position by summary, location and
warehouse by Attribute
- Sales
and Purchase Order links and lookup
- History
tracking and inquiry by Lot No., Serial No.
and Use By Date
- Inventory
position both current and forward based on known
Sales, Purchase, and Work Order dates
- Stock
take facilities for cyclical and full counts
- Bills
of material - unlimited levels
- Movements
tracking and enquiry
As
can be seen here, the ability to view and drill
down on inventory movements is extensive, and
selection options include:
-
Location
-
Customer
- Supplier
-
Some or all types of receipts
-
Some or all types of issues
-
Other including revaluations, cost rate and
stocktake adjustments, bin transfers, and imported
cost
- Period
or date range, and
-
Specific movement numbers
Shed
light on your inventory with an instant display
of all or selected inventory Classes. It allows
you to focus on your best lines and develop action
plans for slow moving and/or discontinued items.
Inventory
items can be ranked by sales value or quantity
sold, and stock turns and months cover on hand
for each inventory is calculated.
Drill
down to analyse detailed position on any item
including sales rate, outstanding sales orders,
stocking by location and much more.
Forecasting
This
module is used to enter and maintain Forecasts.
Key features are:
-
Provides for the creation of annual Budgets
and Forecasts together with short term Forecasts
(one month or more)
- Uses
historical sales levels and patterns to produce
suggested Forecasts which can be altered for
anticipated volume, sales price and cost movements
on a monthly basis
- Forecasts
by Area by Product by Attribute
-
Updates Sales Analysis and General Ledger
-
Forecasts are used in Production Planning, MRP
and Inventory control
Take
away the majority of the grunt work in producing
Budgets and Forecasts. Let the system do first
pass numbers based on historical sales levels
and patterns and compare it to the previous two
corresponding financial years for sales value,
quantity and margin.
Simply
apply your market knowledge to amend any of sales
value, quantity and/or margin for any period (month)
to incorporate known or expected changes.
Once
you are satisfied save it and the system will
update sales budgets and General Ledger budgets.
Use the budget or forecast for inventory management
in production planning and inventory ordering.
The
following INSIGHT Modules are also available:
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