Acumatica Advanced Inventory
How Acumatica Advanced Inventory Can Work for You
Inventory tracking software can help you control system-wide inventory so you can efficiently manage your distribution process without losing track of costs. Receive inventory to a specific location and use drill downs to select item default lot/serial numbers, valuation methods, accounts, and more.
Key Benefits of Acumatica Advanced Inventory
Accurately Manage Costs
Accurately track costs of goods sold and inventory holding costs. Select a different valuation method for each inventory item, including tax amounts. Create GL entries directly from inventory transactions. Automatically or manually allocate freight costs on sales orders, shipments and invoices.
Manage multiple warehouses with location-specific inventory quantities, allocations, and costs. Redistribute inventory from a central warehouse to other warehouses automatically upon receipt.
Multiple Valuation Methods
Use standard cost, moving average, FIFO, and item-specific methods. Select a different valuation method for each inventory item. Make direct adjustments to cost and physical inventory count using report and inquiry screens.
Create templates for high-level items so you can quickly define material, size and color choices for stock and non-stock items.
Highlighted Features: Acumatica Advanced Inventory
Lot and Serial Numbering
Track inventory by lot or serial number. Assign or enter lot/serial numbers on receipt, issue, or assembly. Associate item specific valuation methods to serial numbers to track specific costs.
Acumatica Advanced Inventory makes it easy to identify expired items so you can remove them from available inventory. It also can automatically issue items with the earliest expiration date so you minimize inventory losses.
Transaction Reason Codes
Measure trends and spot problems by assigning reason codes to inventory transactions. Reason codes can be linked to both GL accounts and inventory levels for financial and operational reporting.
With Acumatica Advanced Inventory includes two-step inventory transfers and an “in transit” account so you can track goods in transit between locations.
Inventory Bin/Location Control
Specify the types of items and transactions allowed, wave or batch picking priority, and cost by bin and location.
Inventory Replenishment Suggestions
Acumatica Advanced Inventory includes system-generated replenishment recommendations based on historical sales data so you can minimize inventory levels.
Simplify reporting and tracking by separating items into sub-categories such as size, color, and style. Associate separate cost and quality information with each sub-item.
Purchase Order Automation
Automatically generate purchase orders based on stock level and replenishment algorithms. Orders go to the vendor with the best price and delivery time.
Sales Order Discounts and Promotions
Manage complex pricing and discount policies including volume discounts and multiple discounts per item. Maintain policies for price overrides.
Convert CRM opportunities to sales orders without re-entering pricing and discount information. Customer service can easily locate orders to verify shipping and delivery status.
Item Class Hierarchy
Create item classes using a tree-like hierarchy with parent-child relationships and define the default class for stock and non-stock items.
Acumatica Cloud ERP Suites
Financial Management Suite
A powerful set of financial applications used by almost every organization, no matter how complex or simple requirements are. Bring rigor to business processes in a user-friendly way.
Distribution Management Suite
Works together with the Financial Management Suite as a full distribution solution. Starting from the requisition process to purchasing, order management, inventory tracking, automated inventory replenishment suggestions, and more.
Customer Management Suite
Fully integrated with the Financial Management and Distribution Management Suites, the Customer Management Suite fosters a team approach. Dashboards and reports provide real-time sales data to accurately manage forecasts, quotas, and results.
Project Accounting Suite
With the Project Accounting Suite, deliver on project objectives on time and on budget. Manage complex reporting requirements. Include projects in company-wide financial reports.