HarrisData Inventory Management Features

Effective inventory management is critical to the financial health of manufacturers and distributors. HarrisData Inventory Management provides the key functionality to help you track, count, value, and analyze your inventory.

Inventory Tracking

  • Flexible location assignments
    • Plant, warehouse, stockroom, aisle, location
    • Default locations for shipping, receiving, and manufacturing
  • Location information
    • Location priority
    • Physical dimensions
  • Flexible product groupings
    • Product class, type, group, or inventory type

Lot/Serial Tracking

  • Detailed tracking
    • By vendor or internal lot
  • Trace lot controlled items
    • Purchase Orders
    • Manufacturing Orders
    • Sales Orders
  • Identify customers shipped by vendor lot or internal lot
  • Lot expiration date

Inventory Valuation

  • Standard Cost
    • Integrated with Manufacturing
  • Actual Cost
    • FIFO or LIFO
  • Average Cost

General Ledger Integration

  • Automatically creates journal entries
    • Summary or detail
  • Automatic Inter-company transactions
  • Intelligent account number hierarchies facilitate detail tracking of inventory values

Kit Production

  • Stock or assemble-to-order
  • Kit options

Inventory Valuation

  • Physical Inventory
    • By warehouse or plant
    • Work-in-process (WIP) inventory
  • Cycle counting
    • ABC Analysis
    • Flexible cycle count groups by location, established product grouping, or user defined
  • Produce Count Sheets and Tags
    • By stockroom, item number, product class, inventory type, date, And more!
  • Frozen status permits inventory transactions during reconciliation and adjustment
  • Audit reports
  • Variance reports

Flexible Inventory Transactions

  • Pre-defined transactions
    • Receipts, purchase orders, sales, adjustments, issues, transfers, initial balances
  • User configured inventory transactions
    • Can include damage, theft, spoilage, scrap, and other unique transactions
  • Complete control of transactions effect on-hand inventory and/or General Ledger

Inventory Analysis

  • Stock Status
  • Min/Max Inventory for period
  • Inactive Inventory
  • Inventory Ranking
  • Sales Analysis

Comprehensive Reporting

  • Inventory Catalog
  • Stock Location
  • Inventory Valuation
  • Transaction History
  • Reconciliation reports
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