ALERE Inventory Module

The Inventory Module is responsible for inventory, shipping, receiving, transfers, and adjustments. Key Features include:

Average, Standard, LIFO or FIFO inventory valuations are supported.

Items numbers are 15 spaces wide and alphanumeric.

The size of item numbers may be readily changed.

Quantities for items can be set to a precision of three (3) decimal places.

Items may be marked as any mix of purchased, manufactured, component, sellable, stocking and taxable.

Each item can have a unique stocking unit of measure.

Serial numbers are supported.

Lot numbers are supported.

Traits are supported.

The lot field and the two traits fields can be used in combination to form a matrix such as style/size/color.

Lot numbers and traits allows you to build a matrix of choices using only one item number.

Each item can have up to two associated images in BMP, GIF, JPG or ICO formats.

Matching memo fields for each image are available for long descriptions.

Multiple warehouses are supported by location as follows:

On hand value.

Store and bin.

Default supplier and supplier location.

Selling unit of measure and conversion factor.

Safety stock, lead time, minimum order and order increment.

Sales order and work allocation quantities.

Purchase order and work order "on order" quantities.

Each item can have a list of assigned suppliers and locations that are supported as follows:

• Contact information.

• Supplier item number.

• Purchase unit of measure with conversion factor.

• Lead time, minimum order and order increment.

• Discount %, last cost and last receipt.

Item Types can be assigned that allow items to be categorized by function such as SHIP for shipping or FIN for finance charges.

A Price Group field allows items to be assigned special pricing rules such as belonging to a group that is on sale this week.

A GL Item Group permits each item to have a set of pre-defined GL accounts that are used when processing the item.

An Activity Tab tracks all movement of an item by type of order, status, date range, location, or specific order number. For example, you could see all the shipments of an item from a location on a specific date.

Orders can be mass shipped from inventory.

The list of orders to be shipped can be filtered for a specific location from which to ship and a specific customer. You can even select the customer location to ship to.

The mass shipping of sales orders, transfer orders, and purchase returns can be handled separately or in any combination.

The mass shipping function permits orders to be shipped complete or partially.

Shipping charges can be added as orders are shipped.

Orders can be shipped and not invoiced or shipped and invoiced.

Purchase orders, transfer orders and sales returns can be mass received separately or in any combination.

The mass receiving function permits orders to be received complete or partially.

When receiving partial orders, you can select which line items and the quantity to receive.

The list of orders to be received can be filtered for a specific receiving location and a specific supplier. 

Orders and returns can be received and not released to payables or received and released to payables.

There is a dedicated inter company/location transfer order that documents the process and supplies pick tickets and shipping/receiving support.

A dedicated transfer orders permits you to:

• Create an order to move inventory from one company location to another.

• Print a pick ticket for the order.

• Ship orders individually or use the mass shipping function.

• Receive orders individually or use the mass receiving function.

• Track the value of the transfer orders to a GL account.

• Ship and receive in one step to expedite the process.

Inventory adjustments can:

• Handle increases in inventory due to physical counts or other reasons.

• Reductions in inventory due to physical counts or other reasons.

• Set on hand inventory counts, prices, standard costs and average costs.

Inventory adjustments can be made for single items or for mass changes.

The GL effects of an inventory adjustment can be distributed over a range of accounts.

The As of Inventory Balance report can:

• Calculate values based on the average cost for the date given.

• Be run for specific locations.

• Be filtered for a range of items, a product class or an item type.

• Be ordered by item, location or product class.

Extensive reporting supported.

Inventory Item

Inventory Location

Inventory Images

Inventory Lot/Serial/Traits

Inventory Supplier Info

Inventory Activity

Mass Shipping

Mass Receiving

Transfer Order

Drop Shipping

Inventory Adjustments

Inventory Changes

Past Activity

Future Activity