Stock Control

Stock Control: This function provides full inventory control. Within the stock control option, you can:

  • Set up a comprehensive record for each stock item.
  • Use a short and unlimited stock item description – using either on customer documentation.
  • Group stock items with similar descriptions.
  • Flag items as inactive so they are not available during sales order entry.
  • Manage stock levels in multiple locations completely independently (for example multiple warehouses, with a number of bins within each)
  • Manage stock levels using specified minimum and maximum stock level and reorder quantity controls, by location.
  • Prevent sales from a stock location – eg used as a bonded warehouse, undergoing a stock take or containing damaged stock.
  • Set a default supplier for each stock item, with unlimited alternative suppliers.
  • Set up custom search categories appropriate for each stock item type (eg colour, size, material, style).
  • Record complete purchase price history for each stock item.
  • Flag individual stock items to be ordered on a back-to-back basis.
  • Identify unlimited alternatives for each stock item.
  • Attach files to stock records (for example, word processing documents, images and spreadsheets). 
  • Using Price Book, hold unlimited selling prices per stock item, in any currency.
  • Use a variety of costing methods, including FIFO, Standard and Average costing
  • Buy and sell stock in different units, such as metres, centimetres, cases and pallets
  • Run stock-takes on a cyclical basis, selecting which items to count by value and specifying the number of days between counts for each stock item. 
  • Transfer stock items from one location to another and control issue to internal areas (independent of departments set up in the Nominal Ledger).
  • Store service type stock items such as carriage, labour rates and service charges