The Inventory Control application allows the posting of issues and receipts and automatically calculates a weighted unit cost with each receipt posted.

This system will automatically request purchase orders from the Purchasing system. Reports include a Stock Status Report, Low Stock report with out-of-stock highlighting, and a Physical Inventory worksheet. Inventory Control passes transactions to the General Ledger system.

Inventory system features include:

• Posting of receipts, issues, adjustments, and transfers
• Automatic request for purchase order
• multi-level retail pricing
• Item selection by item number, description, or category
• Retail price fixed or percent above cost
• Item history reporting
• Low stock reporting with out of stock indicator
• Receiving by Purchase Order
• Posts receipts to Purchasing
• Item usage reporting
• Physical inventory worksheet
• Stock value reporting
• Assemblies
• BIll of Materials
• Serialized inventory items
• LIFO, FIFO, AVERAGE
• Extended Descriptions