Distribution Edition: Inventory Management
Acumatica Inventory Management improves the ability to manage inventory available, inventory in transit, and inventory costs that favor customers and improves profitability.
How can Acumatica Inventory Management work for you?
Acumatica Inventory management software can help control system-wide inventory across geographically-dispersed locations to efficiently manage distribution processes without losing sight of costs.
- Receive inventory to a specific location and drill down to change item default lot/serial numbers, valuation methods, accounts, and more.
- Manage perishable inventory, automate replenishment, and build or disassemble kits.
Key Benefits of Acumatica Inventory Management
Optimize inventory
Increase inventory turns by using automation and replenishment. Using barcoding and physical inventory Acumatica Inventory Management helps increase the accuracy of inventory.
Improve customer satisfaction
Real-time access to inventory levels and customer-specific pricing allows for upholding contracts and completing orders as promised. Manage inventory effectively to avoid stock-out situations.
Contain costs
Keep accurate records of inventory carrying costs and cost of products sold. Reduce rush orders, find low-cost vendors, reduce freight costs, and cut back on inventory write-offs due to expired or obsolete stock.
Manage complex items
Utilize matrix items to develop product families based on differences in goods and attributes. Define custom conversions and units of measurement. Control serial and lot-tracked objects.
Important Features of Acumatica Inventory Management
- Setup and manage multiple warehouse locations with stocking locations defined by aisle, row, rack, slot, and bin.
- Define location defaults for receiving, returns, shipping, and drop-shipment transactions.
- Prioritize pick locations by item and by the warehouse.
- Define max and min and order quantities, reorder points, lead times, seasonality, safety stock, and forecast models to calculate replenishment.
- Create and manage matrix items based on color, size, other attributes and values.
- Matrix items streamline item management, sales processes, and purchasing.
- Use matrix views to update price and description for items in the matrix item product family.
- Setup sub item codes by SKU to differentiate between product variations such as grade, manufacturer, or other variables.
- Create movement classes and ABC rank codes to determine physical inventory frequency.
- Define unlimited vendors by item with a preferred default vendor.
- Set a minimum frequency for deliveries and minimum or maximum order quantities by item for each vendor.
- Define cross-references between internal, vendor, and customer items.
- Define variable packaging for inventory items with configurable and standard units of measure conversions for weight and volume.
- Manage shipments with parcel carriers such as FedEx, UPS, Stamps.com for United States Postal Service shipments, and LTL carriers.
- Build kits to order or to stock.
- Disassemble kits into components.
- Account for component loss as part of the disassembly process.
- Manage discount policies and complex pricing including volume discounts and multiple discounts per item.
- Maintain policies for customer pricing, price overrides, and commissions.
- Value inventory using standard, first-in-first-out (FIFO) or average, specific (actual) costing methods.
- View historical costs over time.
- Manage current and pending standard costs with workflows to update costs and revalue inventory.
- View historical costs over time.
- Create item classes with a tree-like hierarchy with parent-child relationships, defining the default class for stock and non-stock items.
- Manage non-stock items for services, labor, product warranties, or other items.
- Non-stock item quantities are not tracked in the system.
- Employ shelf life and expiration dates to manage perishable inventory with FEFO (first-expired-first-out) picking.
- Create lot and serial numbers for traceable inventory.
