2/5/2012 PROMPT Business System #PJLCP::   Inventory Control     Purchasing is the most important inventory decision you make Each inventory item can be cross referenced to multiple vendors, while maintaining each separate vendor's stock number, lead time, minimum order quantities and pricing The system allows you to order in vendor units and associated prices including quantity breaks, but stock in your desired selling units with associated prices including quantity breaks and all conversions are automatic Recommended re-order can be generated on demand, based on stock levels or from sales orders, then printed if desired, before edit and easy conversion to a purchase order Vendor rules for free freight can be entered in dollars, weight or units as can minimum order information Purchase orders can include non stock items and unlimited comment lines On order items are reflected in the inventory and order processing systems showing the inventory quantity on order, PO number, and expected delivery date Receiving is flexible and organized Open purchase orders report can be printed for review and to identify product stocking locations upon receipt Receiving allows receipt of the entire purchase order, each item at a time, or all items except selected items An audit trail report is generated on demand with you providing 'from' and 'to' dates plus other optional selection parameters Lot or serial number tracking is permitted Transfers between warehouse permitted, quantity and cost adjustments, and issues from inventory for goods consumed in the business Receiving automatically directs entries to the general ledger Control can cut investment without reducing service Each item is cross referenced by manufacture's part number, internal part number, UPC (Universal Price Code) or substitute number if stock is depleted, and short search description plus superseded item and pseudo name, if applicable Reports can be generated on demand such as negative on hand, zero on hand and more, plus end of period valuation reports by product line and/or warehouse location System supports multiple warehouses and bin locations within each warehouse Physical inventory subsystem with cycle counting and random counting supported plus on line adjustments at any time Stock is aged and turns computed for effective time and turnover management Notes can be tied to products for view when selling Automatic messages can be tied to products that print on selling and or shipping documents, such as hazardous material information or warranty information, etc Production permitted that converts pre-defined raw materials with related item and optional labor cost to finished goods Pricing flexibility includes quantity discounts and customer specific pricing Each item can have up to eight selling prices in addition to it's cost and up to three quantity break price levels with roundup formula permitted Customer specific pricing with or without roundup formula is in addition to the above and price list can be printed by product line or customer specific with options such as SRP (Suggested Retail Price) or UPC (Universal Product Code) and future prices Automatic price change algorithms are allowed and if you base price off of cost it is possible that all price changes can be automatic as costs change You can enter future price changes in advance with an effective date and if a special, the sale ending date can be set to automatically return to the former price   Return