evoerp
Fri, 19 Sep 2025 15:19:19 +0000
Items

Inventory Overview

The Inventory module performs the following functions

Product Database - Both inventory items and non-inventory items (such as shop supplies) are set up in Inventory. Anything that will be processed on a Purchase Order, Work Order or Sales Order is required to be set up in the inventory database. A variety of fields are available for specific manufacturing related functions. Products may be organized into classes and categories for reporting purposes. Both the Inventory and Bills of Material modules offer a complete standard cost system in addition to an average cost inventory.

Ordering Tool - The Reorder Report and Summary Reorder Report in combination with the Inventory Inquiry provides an excellent tool for determining what to purchase or manufacture. Information is displayed as to what’s on hand, on sales order, on back order, on purchase order, on work order, allocated, and in work-in-process. Reorder levels and reorder amounts may be established for each item.

Inventory Tracking - All inventory transactions (purchase order receipts, shipments, adjustments, issues to work-in-process, manufacturing receipts) are tracked and available for review. Month end reports provide all information needed for month end inventory accounting.

Physical Inventory - The Physical Check report allows you to select items for counting, and the Adjust Physical Levels program provides a means for entering new balances and tracking the dollar effect of inventory adjustments. In addition to these simple physical inventory tools, Evo~ERP offers an entire Physical Inventory module.

Multiple Locations - The system provides for multiple warehouses or manufacturing plants and can maintain separate stock balances by location. In addition to handling a second or third warehouse or manufacturing plant, locations can be setup with distinct GL account or department codes so that you can use them as profit centers to derive information about the financial performance of each Location. Locations allow you to track the units on hand, on sales order, on purchase order, on work order, allocated, and the inventory value for each Location in your system. Cost information will apply consistently to an inventory item regardless of location. Locations designated as Service, RMA or Quality (S, R or Q as the Location Type entered in IN-L-B Enter/Assign Locations) will be ignored by the stock availability calculations so you can use these type Locations for segregated inventory.