Enterprise-Wide Inventory Planning and Control
Sales, purchasing, production, transfers and adjustments all have an impact on inventory, which itself is often maintained at different locations. Honeycomb®ERP Inventory is a complete system that offers integrated, interactive management of all your inventory materials including physical stock room, in-transit, consigned and others.
Material Control
Inventory hierarchy tables define the sequence of locations within a warehouse, in which to look for materials, while LIFO/FIFO capabilities provide the means for controlling the issuance of those materials.
Inventory Reservation
The ability to reserve inventory circumvents the need for a more rigorous commitment by allowing you to "soft allocate" material by lot, serial number or, for greater flexibility, by contract number.
Dock-to-Stock Material Flow
Upon reaching the receiving dock, incoming material should flow smoothly through receiving and inspection. During this "dock-to-stock" process, you need visibility of the material's status, its current location and its final destination. With Inventory, you can preset and automatically direct movement through the required steps and locations with a material routing.
Automatic Unit-of-Measure Conversion
For each item, Inventory lets you establish various units of measure such as buying, stocking and selling. When material is moved, the system automatically adjusts the quantities for the respective unit of measure.
For example, you may buy material in rolls and stock it in feet. You can build and stock products for inventory as individual units or sell them in packages. This feature lets you conduct business with suppliers and customers on their terms while maintaining inventory on yours.
Lot and Serial Control
Items defined as lot-controlled are assigned lot numbers as part of the receiving process. The lot identification number is always visible whether the material is in inventory or in process. A history of all activities is maintained by lot number.
In addition to lot numbers, individual serial numbers may be assigned to identify and track critical goods uniquely. The resulting serial-controlled items further assist you in maintaining control of purchased materials and manufactured products.
Material Movement
- Drive dock-to-stock transactions with user-defined routing tables
- Transfer orders from one site to another with supporting documentation
- Receive planned or unplanned material
- Record inspection results
- Assign storage locations to put away material for just-in-time availability
- Dispose of rejected material with Material Review Board (MRB)
- Process return-to-supplier transactions
- Capture material scrap for inventory accuracy
Multi-Location Management
- Create master location for operating units
- Define stock-keeping locations within master locations
- Define processing rules for priorities and commitments by location
Unit-of-Measure Conversion
- Generic and item-specific units of measure conversion values
- UM-into storage, UM-out conversion scalar factors
Inventory Controls
- Location tables
- Location hierarchy
- Bin table
- Item substitution
- Obsolete or inactive items
- Empty bin
- Commitment rules
- Primary stocking location