Sage 500 ERP

B E N E F I T S

•Setupmultiplepricelists(inmultiplecurrencies),multiplecompanies,andmultiplewarehouses.

•Realizeyourmaximumprofitpotentialwithflexibleinventoryitemattributes.

•Choosecostingmethodsandspecifypricebreakstobestfityourbusinessandindustry.

•Ensureyourdeliverypromisesarekeptandon-handstockbalancesareaccurate.

•Receiveandshipordersduringinventorycyclecounting,soyourbusinessnevermissesabeat.

•DefineandapplyUnitofMeasureconversionstoincreaseflexibilityinthewaystockisreceived,stored,andissued.

•Processandtrackinventorytransactionsincludingtransfersinanyunitofmeasure.

•Maximizesaleswithflexiblepricing,discounting,andpromotions.

•Analyzeandmonitoryinventorydataandtransactionstoreducecarryingcostsandincreaseinventoryturns.

S A G E 5 0 0 E R P S O L U T I O N S

•FinancialsandProjectAccounting•ManufacturingandDistribution•CRMandE-Business•HumanResourcesandPayroll•CustomizationandIntegration•BusinessIntelligence

Inventory Management

Improve Your Inventory Controls and Customer Service

TheInventoryManagementmodulefortheSage500ERP(formerlySageERPMAS500)systemputsyouinfirmcontrolofyourdistributionbusinessthrougheverystepofyourinventoryprocess.Thispowerfultoolenablesyoutomanageyourwarehouseandinventorylevelsmoreeffectively,enhancingcustomersatisfactionwhilemaximizingprofits.ItisakeycomponentoftheSage500ERPdistributionsuite,whichwasdesignedwithinputfromsupplychainexpertstomeettheneedsofthedistributionindustry.

ThewarehousecentricdesignoftheInventoryManagementmoduleletsyoutrackcostsandsaleshistoriesbywarehouse,enablesyoutoquicklylocatetheitemsyourcustomersarerequesting,andallowsyoutocontinuetakingordersduringinventorycyclecounting,ensuringthatyourbusinesscontinuestooperateatpeakefficiency.

InventoryManagementsupportsbothassemble-to-orderandbuild-to-orderkitsandincludesfulllotandserialnumbertracking.Inaddition,itsupportsFIFO,LIFO,Average,Actual,Standard,andWarehouse-SpecificCosting.Moreadvancedfeaturesincludesupportforfixedassetinventories,substituteitemdefinition,landedcostcalculations,inventorycatalogmanagement,andpowerfulunitofmeasureconversiontables.

Sage500ERPtakesinquiry,drill-down,monitoring,anddataanalysistoawholenewlevelwithout-of-the-boxbusinessintelligencetools,includingBusinessInsightsAnalyzer,BusinessInsightsExplorer,BusinessIntelligence,Alerts,SAP®CrystalReportsforSage500ERP,WebReports,andintegrationwithdesktopproductivitytools.

System Implementation OptionsMaximizeyourinventoryinvestmentbyestablishingavarietyofsystemoptionstomeetyouruniquebusinessrequirements.• Identifyawiderangeofinventoriedandnoninventorieditems.• Definetheinventorycalendarofyourchoice.• Setupmultiplepricelists(inmultiplecurrencies),multiplecompanies,andmultiplewarehouses.

• Cross-referencepartnumberswithcustomerpartnumbersforquickreferenceduringorderentryandinventoryprocessing.

Inventory Item AttributesRealizeyourmaximumprofitpotentialbyprovidingflexibilityforallaspectsofyourbusiness—andaccountingforeveryeventuality.• Designateaninventoryitemasseasonalorflagitasahazardousmaterial.• Designatewhetherornotanitemissubjecttotradediscounts,includedonpackingslips,orcanbeback-ordered,returned,ordrop-shipped.

• Assigneachitemtoanitemclassanddefineitemsubstitutions.• Allocateeachitemtooneormorebinlocationsperwarehouse,andassignseparatebinprecedencefordistributionandmanufacturingifneeded.Rangesoflotsorserialnumberscanbeenteredwithadvancedmaskingtocreatealotandserialnumberingsystem.

• Classifyseparateunitsofmeasureforstocking,selling,buying,andpricingeachitem.Definehowtheconversioncalculatesforeachclassification.

• AssigninventoryitemstoproductcategoriestosortproductsavailablethroughSalesOrderEntry.

• RankitemsbypercentageofCOGS,GrossMargin,QuantitySold,andHits.

• KittingsupportsstockedAssemble-to-Order(ATO)kits,andon-the-flyassemblyofBuild-to-Order(BTO)kits.DisassemblyofATOkitsisalsosupported,anduserscandefinewhetherornotreturnsareallowedforfullkitsorkitcomponents.

Inventory Valuation and CostingChoosecostingmethodsandspecifypricebreakstobestfityourbusinessandindustry.• Choosefromfivedifferentcostingmethods(FIFO,LIFO,Standard,Actual,andAverage),dependingonyourobjective.

• Setupvendorpricelists.• Definemultiplebreakandpricetiersforeachvendor/itemcombination.• Performcostandquantityadjustmentsforeachinventoryitem.• Trackperiodbalancesandvaluationsonaninventoryperiodbasis.

• Viewcurrentquantitiesandvaluationsforinventoryitemsonline.

Inventory Management ProcessingMakesurethatallofyourdeliverypromisesarekeptandon-handstockbalancesareaccuratewiththeadvancedwarehousemanagementandinventorytransactioncapabilitiesinSage500ERP.• Supportanunlimitednumberofuser-definedinventorytransactions.• Attachdocumentsorimagestoanyinventoryitemortransaction.• Viewsalesandpurchasehistoryforeachinventoryitembywarehouse—includingaviewoftheUOMused.

• Viewavailablequantityofanitemason-hand,pending,onsalesorderoronpurchaseorder.

• Assigngeneralledgerreferencecodesandreasoncodesatthelinelevelofvarioustransactions.

SecurityOrganizesecuritygroupsandassignpermissionstorestrictaccesstoanyconfidentialtransactionsandaccountinformation.• Setupspecificsecuritygroups,toaccessdefinedusergroups.• Establishaccesspermissions,suchasdisplayonly,excluded,add/change/delete,orsupervisory.

Physical InventoryReceiveandshipordersduringinventorycyclecounting,soyourbusinessnevermissesabeat.• Executeacompletephysicalinventoryprocesswithouttheneedtointerruptotherbusinessprocesses,suchasreceivingandshipping.

• Performcyclecountsbasedonuser-definedcriteria,suchasitems,bins,inventoryhits,orinventoryturns.

• Creategeneralledgerandadjustingtransactionsautomatically.

Pricing, Discounting, and PromotionsUsedinSalesOrder,pricingismaintainedintheInventoryManagementmodule.• Establishpricingbywarehouse.IftheMulticurrencymoduleisused,differentcurrenciescanbeusedateachwarehouse.

• Definepricingstructuresbycustomertypes.• Productpricegroups,inconjunctionwithcustomerpricegroups,areusedtorelatepricinginformationtogroupsofitemswithinacompany.Forexample,defineagroupforitemsthathavethesamediscount.

• Managecontractpricingforcustomerbuyingaparticularitemoritemsfromaparticularproductpricegroup.

• Maintainunlimitednumberofpricebreaksbasedonquantity,monetaryamount,weight,orvolumeforeachproductgrouporitem.

• Pricingpoliciescanbeassignedaneffectiveandexpirationdate,discountpricingmethod,baseprice,andpricebreaktype.

• Pricebreakscanbebasedonlistprice,existingpricesheets,customerpricing,oraverage,standard,orreplacementcosts.

• Establishdiscountpoliciesforcustomerswhobelongtoanationalaccountandbuyspecificinventoryitemsorproductpricegroups.

• Managesalespromotionsbydefiningstartandstopdatesforpromotionalpricing,breaktypes,anddiscountmethods.

• Thesystemautomaticallyprovidesthecustomerwiththebestpricingbasedondefinedpricingpoliciesandmodels.

Business InsightsAnalyzeandmonitorinventorydataandtransactionstoreducecarryingcostsandincreaseinventoryturns.• Organize,analyze,andgraphvirtuallyanydatarelatedtoinventoryitemsandtransactionsincludingcarryingcosts,hits,andstockinglevelstogetaclearpictureofyourinventoryinrealtime.

• UsetheDataAlertsmoduletomonitorstocklevelsandevenalertmanagementwhenlotsexpireorareabouttoexpire.

6561 Irvine Center Drive I Irvine, California 92618 I 866-530-7243 I www.Sage500ERP.com

“With Sage 500 ERP we have experienced improvement throughout our organization, including better accountability of our raw materials and in process inventory. Even though inventories have increased due to our expanded product range, our inventory control has improved by about 15 percent.”

Tony Orlando, CEOT&J Furniture

Sage 500 ERP I Inventory Management

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