Solomon Inventory Management Altara

Inventory gives you the flexibility you need to deal with outgoing orders, incoming stock, returns, backorders, surplus inventory, dead stock—maybe even kits to build up or tear down. Every day brings challenges, and each days challenges are different. How do you keep track of it all? How do you make sure your customers get what they want, when they want it—and you get maximum return on your inventory investment? It takes flexibility.

Inventory gives you flexibility. From the initial setup of inventory items to the multiple methods of valuation supported, Inventory meets the diverse daily requirements of a wide variety of industries. Because you can mold this system around your business rules, it puts you in control of inventory challenges. So you can meet and exceed your customers expectations and maximize your company's net profits.

Setting Up, According to Your Business Requirements
Setting up Inventory is like designing your very own system. Based on the way you do business, you can define default inventory account numbers, COGS, variances, sites, product classes, and valuation methods. You can specify various general ledger accounts for posting—in detail or summary. And you can indicate whether or not to use multiple warehouses, allow negative quantities, and use lot/serial numbers. If lot/serial numbers are used, you can specify when they should be assigned: as the item is received into inventory or when it is used.

Flexible Inventory Identification and Valuation
Your ability to efficiently identify, value, and organize inventory items in your system is a critical factor in how well the system will serve you—both now and in the future.

The Inventory module gives you the latitude to include up to 30 characters in your inventory IDs. Each item can be identified by class, which is especially helpful for grouping items for pricing, promotional, or analytical purposes. Also, items can be identified by type, such as finished good, raw material, component, and many others.

Valuation capabilities are just as flexible, with support for: LIFO, FIFO, average cost, specific identification, standard cost, and user-specified cost methods.

Instant Access to Information
When a salesperson or customer requests information about an items availability, users don't have time to generate and print a report. They need information fast. By using extensive Inventory cross-reference features, users can quickly and easily find just what they're looking for, such as inventory quantity on hand, quantity available, quantity on backorder, costs, and list prices. They can also drill down to a transactions source documentation for even more detail.

If your organization is using the Order Management module with Inventory, managers, salespeople, and customer service representatives can access inventory availability information themselves using the Sales Orders screen. There's no need to contact inventory personnel.

Inventory delivers these features:

Transaction reason codes
User-controlled decimal precision for cost, price, and quantity
Historical tracking of sales, receipts, adjustments, and transfers
Unlimited inventory sites and bin locations
Summary data retention for up to 99 periods and unlimited transaction history
Unlimited user-defined product classes
User-definable quantity available calculation
Unit conversion support
Reorder levels
Efficient transfer handling
Automatic computation of quantity and cost variances
Inquiry by item, site, warehouse/bin location, lot/serial number, and manufacturers lot/serial number
Integration with the Microsoft Business Solutions Financial Management Series, Order Management module and the other Microsoft Business Solutions Supply Chain Management–Solomon modules and the Project Management modules

Key Benefits:

Easily customizable and highly scalable

Supports connectivity with customers, vendors, business partners and employees

Robust, comprehensive functionality all-in-one source

Supports operations across countries, sites, languages and currencies

Key Features:

Microsoft Solomon SCM supports your entire business and delivers these key functions:

Advanced Shipment Management

Bill of Materials

e-Commerce Gateway - EDI Edition

Inventory

Landed Cost

Order Management

Order to Purchase

Purchasing

Web Order

Work Order

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