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Make
a positive impact on your bottom line
What do we have in stock? Where is it located? How much
is it worth? You need the answers to these questions in
order to manage your inventory effectively. OPEN SYSTEMS®
Accounting Software (OSAS) Inventory application gives you
the timely and accurate information you need to make sound
purchasing and sales decisions. You can track every aspect
of your inventory, helping you make a positive impact on
your bottom line.
You can closely monitor inventory movements by tracking
detailed inventory history; then, use the Inventory Movement
Report to identify your best products and to understand
their purchase/sales cycles. You can even spot seasonal
demand patterns. The Valuation Report summarizes the value
of the items you have on hand and the profit on items sold
during the year.
You'll have information at your fingertips to help you
satisfy the customer. You can provide them with accurate and
timely information by accessing on-hand inventory
quantities. Receipts are posted online, so they're always
available to sell. When tracking an order, you will be able
to quickly access detailed descriptions for each item.
You'll know at a glance the items in use, committed, and on
order. You'll even be able to recommend alternative item
options.
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Look up key information about an inventory item, such as cost
(average, last, base) and lot information.
OSAS Inventory Offers Choices and Flexibility With
These Key Features:
- Your physical inventory process will be simplified;
you can process by worksheet or by tags. You can also
select a group of items for a cycle count. And, the
physical inventory feature lets you freeze quantities
while processing continues. The count process allows for
multiple tag numbers, exception-only entry, and
defaulting count quantity.
- Use unit conversions to buy in one unit (unlimited
units of measure) and sell in another, meeting the
specific needs of your customers.
- You'll appreciate the flexible cost valuation feature.
It lets you choose from Average Cost, LIFO, FIFO, or
standard cost evaluation methods to know what your stock
cost is and what it's worth. Unlimited LIFO/FIFO tiers
track exactly what you paid for each item, regardless of
your costing method.
- You'll be able to use the multiple warehouse
capabilities to track and transfer stock between several
locations and to make sure it's where it's needed most.
You can assign a transfer cost which you can then post
to General Ledger.
- Determine your own report sequences with
user-definable categories. Collect the additional
information you need with user-definable fields.
- You can analyze your inventory by looking at summary
history. Sales and purchasing data about each item is
tracked for each period, year-to-date, last year, and
life-to-date.
- Readily identify the products that you purchase with
lot tracking. You'll have the ability to determine which
vendor you purchased any given lot from, when it was
received, when it will expire, and to whom it was sold.
- Identify many different alternate items and search for
any part number. Alternate items may be used for
customers' part number, vendors' part number, bar codes,
alternate, or superseded items. Searches may be
performed on any of these items. An item number may be
retrieved in a variety of ways, including quick lookups
on customer/vendor parts, aliases, lot number, and
serial number. You can perform a search anywhere in OSAS
where an Item ID prompt is found.
- You'll have flexibility in your pricing structure with
price matrixes. These allow you to assign different
price levels to the same item.
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- Up to sixteen user-defined fields may be entered,
defining up to four additional sorts. Many Inventory
reports and processes can be selected using these
fields.
- Retain unlimited movement history for ten separate
transaction types: sales and credits, purchases and
debits, builds and issues, material requisitions,
transfers in and out, and adjustments.
- Use the Reorder Processing Menu to analyze inventory
and determine amounts to reorder based on three
different calculations: Min/Max, EOQ, and Forecast based
on trends. Select the method best suited to your data.
You can then select an option to generate a purchase
requisition, or select the lowest quantity from all
three calculations.
- The Unit of Measure Maintenance function includes
fields for setting up unit-of-measure-based pricing.
- A prompt allows you to copy additional descriptions to
a new item.
- The Location Transfers Form is a picking slip form
that you can print as you enter location transfer
transactions. A warehouse employee can then use the form
to pick the order for shipment.
- You can write cost-of-goods-sold and
purchase-price-variance adjustments to the Detail
History file.
Inventory Reports:
- Item Status Report
- Safety Stock Alert Report
- Price Report
- Valuation Report
- GL Adjustments Journal
- Serialized History Report
- Sales Analysis Report
- Physical Inventory Variance Report
- Physical Inventory Worksheets
- Overstock Report
- Reorder Report
- Trend Analysis Report
- Slow/Fast Movement Report
- Inventory Movement Report
- Cost Variance Report
- Lot History Report
- Gross Profit Analysis Report
- Transaction History Report
- Physical Count Valuation Report
- Movement Trending Report
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