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Inventory Management
Tuesday, July 08, 2008
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 Inventory Management

Inventory Management Menu

  DMS Systems are designed around Inventory Management that begins with taking the customer’s order for immediate picking and shipment, to on-line purchasing and receiving products from vendors. Since inventory is your largest asset, great emphasis is placed upon statistical forecasting and inventory analysis to maximize inventory turn-over and minimize lost sales. An ABC Analysis that ranks sales by units, dollars, and gross profit along with the daily “on-line purchasing” capability,together provide the user with a comprehensive “Inventory Management System”. DMS Systems also provide “RF wireless barcoding receiving” that updates inventory available for sale and creates a receiving interface for updating Accounts Payable and General Ledger.   

    • On-Line Future Price Changes - This procedure allows the user to record future price changes as price lists are received, with the System automatically applying them on correct date of change.
    • Ten (10) Selling Price Levels - Up to ten selling prices for an item may be managed by the System.
    • Automatic Price Calculation Option by Gross Margin Objective - This procedure calculates prices using the Gross Margin objectives established in the price matrix file. Prices can be manually overridden as required.
    • Future Price Verification Report - This report is a list of all items with future price changes - designed for “offline” verification.
    • Seven (7) Cost Levels - The System allows seven (7) cost fields — Current, Average, Last Received, Standard, Average Landed, Last Received Landed, and Standard Landed.
    • Costs Calculations - Factors may be applied to a supplier reference cost to calculate costs with override options.
    • Warranty On-Hand Report - This report lists warranty items that are currently held in inventory by manufacturer.
    • Cores On-Hand Report - This report lists core items by quantity and value that are currently held in inventory.
    • Inventory Value Summary(ies) - Summary reports may be printed to provide inventory value information for groups of products.
    • User-Defined Inventory Status Reports - This report provides information on item on-hand, on-order balances, etc.
    • User-Defined Overstock Report - This report shows overstocked items with selection criteria specified by the user.
    • 13 Physical Inventory Periods—Physical Inventory capability for wall-to-wall or cycle counts by RF scanning guns or manually.
    • Physical Inventory Reports by Warehouse Location — Physical inventory may be listed, counted and reconciled by warehouse location.
    • Book-to-Physical Update Reports - After reconciliation, listings may be printed showing changes made to book inventory.
    • Item Demand History - Item demand is maintained by month and year for an unlimited number of years — total requests, total demand (less special orders and promos), filtered demand (abnormal spikes filtered out), total shipped, average weighted monthly demand.
    • Item Rank Recalculation on Demand - Item rank may be calculated monthly by the System or as desired (A, B, C, etc. popularity code).
    • Audit Trails - Audit trails for inventory changes by user.
    • Weight and Size - Cube and weight processing features.
    • Multiple Zone Bin - Multiple zone/bin tracking per item within a warehouse.
    • Nu-Way Electronic Data Interchange (EDI) for Price Updating and Inventory Load Pack Services - Electronic updating of prices may be accomplished by downloading information from this service (Automotive Only)
    • Price Updates by CD, Excel or Internet Downloads - Price updates are easy and fast to implement.
    • Return-On-Inventory Inquiry by Month and YTDProviding Sales, Cost-of-Sales, Inventory Value, Margin, Gross Margin %, and Inventory Turns - Available on-line through the Qwik-Look Dashboard.
    • Popularity Codes - Inventory Investment Analysis by sales popularity across products and locations (A, B, C, etc.).
    • Inventory Investment Analysis - Gross Margin Return on Investment (ROl) Analysis of Sales & Inventory.
    • On-Line Access to Inventory at all Branches - Inventory information for all branches listed individually and may be reviewed from any branch.
    • Complete Data Dictionary to most popular DMS System Files for generating User-Defined Reports & Queries - System's Relational Database files may be accessed with IBM QUERY to produce user-defined “ad hoc” reports, available on screen or traditional reports - eliminates need for Excel!   

 


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DMS Systems Corp.
PO Box 8049
Rocky Mount, NC 27804

(252) 985-2500 / (252) 985-1900 Fax

info@dms-systems.com

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