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SKU Tracking and Stock Counts - Managing SKUs and stock counts represents the fundamental basis of any inventory control system.
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Bar-Coding or RFID - When you move from carrying a little bit of stock to a lot, inventory scanning technologies like bar-coding and RFID are the ultimate time-savers.
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Serial Number or Lot Tracking - That’s the one! The ability to recognize not just the type of item, but the specific unit or batch helps with everything from warranty tracking to avoiding unnecessary recall costs.
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Location Tracking & Movement History - Location is everything. Well, maybe not everything. But it’s pretty important when you want to find and ship the stuff you sold.
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Product Movement History - Track product movement history to optimize handling performance, dissuade potential thieves, and trace breakage.
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Price Management - Setting pricing on just a handful of products is straightforward. Managing prices on a large number of items with volume or customer-based discounting requires more sophisticated controls.
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Bill of Materials, Kitting - The whole is greater than the sum of its parts? Must be because it was assembled from a reliable bill of materials!
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Stock Level Alerts - We’re almost out of X, time to reorder! Stock level alerts help avoid shortages, back-orders, and, most importantly, disappointed customers.
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LIFO, FIFO, Average Cost Options - Finding a program with support for flexible costing isn’t hard, but it is important for minimizing your tax burden.
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Landed Costs - It’s not just the cost of your products and supplies that matters. It’s also the cost to acquire and store them. Landed costs help you understand product profitability more accurately.
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Unit of Measurement Conversion - Gallons to pounds. Pallets to cases. Boxes to units. Whatever your conversions are, pre-defining custom calculations prevents an opportunity to introduce manual errors and saves time.
