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FACS Software - Inventory Management
Features:
  • Part numbers up to twenty characters.
  • Up to 60 characters for part description.
  • Can establish up to 5 units of measure for each part.
  • Costs and selling prices automatically convert based upon the unit of measure
  • Maintain virtually unlimited numbers of warehouses.
  • Maintains and offers substitute and replacement parts.
  • Dimension tracking (weight, length, width, and height) per item.
  • Maximum, minimum, and reorder point assists in automatic purchasing.
  • Find feature locates parts by partial description (name), number, or product code.
  • Enter unlimited free form textual information for each part.
  • Parts can be categorized as:
  • specifically identified (serial number)
  • non-inventoried/non-stock
  • special purchases
  • kits
  • make/buy
  • labor
  • freight
  • sales commissions apply
  • Quantities can be maintained by:
  • serial number
  • lot number
  • warehouse
  • location

Costing:
  • Costing methods available are:
  • FIFO
  • LIFO
  • Average costing (moving average)
  • Current cost
  • Automatically tracks both actual general ledger cost and landed cost per part.
  • Inventory cost layers are created as purchases and adjustments are made.
  • Base year cost per part is available.
  • Automatically tracks last purchase cost.
Status Reporting:
  • Part Status inquiries can show:
  • on hand quantities tracked by warehouse, lot, and serial number.
  • default pricing and costs
  • quantity on hand, committed, available, and open-to-sell
  • open and closed sales orders
  • open and closed job orders
  • open and closed purchase orders
  • kit use and components
  • historical sales by customer, invoice, name, purchase order, serial number, lot number.
  • outstanding backorders
  • User definable part usage inquiries based on detail sales history information
  • User definable inventory transactions inquiries based on history transactions.

Inventory Reports:
  • User definable reports with report types that can be saved for later use.
  • User definable part labels.
  • User definable inventory transaction reports.
  • Adjusted inventory stock status report.
  • Parts availability reporting.
  • Inventory turnover reporting (monthly, quarterly, semi-annually or annually).
  • Inventory reorder reporting.
  • Sales history reporting.

Physical Inventory Counting:
  • Physical to book inventory reconciliation allows normal processing to continue.
  • Count inventory using tags or count sheets for all or selected inventory items.
  • Cycle counting of inventory is supported.

Other Inventory Features:
  • Ability to mass adjust pricing and costs by supplier or product groups.
  • Part renumbering feature changes part number throughout all files.
  • Ability to automatically reduce and expense inventory directly to the general ledger.
  • Option to use negative inventory feature.
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