Our Solutions
Inventory ManagementEfficiently manage your inventory with real-time visibility throughout your supply chain.
Intro
Reduce on-hand inventory, increase sales on profitable items, improve margins, and reduce stock-outs.
Prior to implementing an ERP system, companies often rely on a cumbersome “master” spreadsheet to assess inventory levels, backorders, and estimated margins. This approach lacks clarity regarding why specific products are in the warehouse and provides no breakdown of SKU profitability. The spreadsheet fails to offer crucial information such as fill and turn rates, forecasting, or detailed margin analysis at both the overall and item-specific levels. As a result, you end up with fragmented information and no real-time understanding of your inventory levels or the reasons behind them.
Inventory Management
Maximize profit and satisfy customer demands with strong inventory management.
Empower has a proven track record of helping companies achieve significant reductions in on-hand inventory, boost sales for profitable items, improve margins, minimize stock-outs, and ultimately increase profits.
Wholesale distributors and manufacturers face intricate inventory requirements that encompass every aspect of inventory management, from stocking and selling to replenishing and shipping. Neglecting a system capable of managing these complex facets can potentially lead to business closure. If you’re concerned about being just one large order away from an inventory nightmare, reach out to Empower today.
Cost Management
Track the costs of goods sold and holding costs across your inventory. Select a different valuation method for each inventory item. Create GL entries directly from inventory transactions. Automatically or manually allocate freight costs on sales orders, shipments and invoices.
Multi-Location Management
Inventory can be stored and moved based on a number of parameters such as location-specific inventory quantities, allocations, and costs. Redistribute inventory from a central warehouse to other warehouses automatically upon receipt.
Valuation Methods
There are many ways to evaluate and analyze inventory and your system should offer various methods for each item. Use standard cost, moving average, FIFO, and item-specific methods. Make direct adjustments to cost and physical inventory count using reports and inquiry screens.
Lot & Serial Numbering
Tracking inventory by lot and/or serial number provides accurate inventory counts. Assign, or enter lot/serial numbers on receive, issue, or assembly. Associate item-specific valuation methods to serial numbers to track specific costs.
Expiration & Restocking Management
Expired items can be automatically removed from available inventory and issue the items with the earliest expiration date to minimize losses. Knowing your turn rate and vendor lead time is crucial to having the stock you need. Lower your overall inventory with system-generated recommendations based on historical sales data analysis.
Inventory Control
Warehouse workers can only fulfill orders quickly when the inventory is mapped out. Specify the types of items and transactions allowed, picking priority, and cost by bin and location.
Inventory Reporting
Simplify reporting and tracking by separating items into sub-categories such as size, color, and style. Associate separate cost and quality information with each sub-item.
Details
Acumatica Inventory Management
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3900 Industrial Park Dr., Ste 5
Altoona, PA 16602
814-942-8777
info@em-powered.com
