The canias ERP Inventory (INV) module manages the material inventory of a company on the basis of quantity and value according to key dates.
Inventory (INV) with canias ERP
The canias ERP Inventory (INV) module does not only allow users to record and monitor warehouse inventory, but also provides a detailed overview about past and actual inventory statuses. Due to integration with different processes, not only is transparency assured in relation to material movements and warehouse inventory, but also the entire production chain is also supported from sales and purchase up to service, maintenance and quality control. The graph shows the integration of the canias ERP Inventory (INV) module with the general system.
All inventory movements can be configured as required with the help of check tables. All inventory receipt, issue and transfers are recorded automatically on a quantity and value basis.
for Inventory Movements Since a record document is automatically created with each stock movement, there is detailed information available in relation to each stock movement. The creation of this document with each change allows all inventory movements to be monitored.
Lot and Serial Numbers
Thanks to the integration of lot and serial numbers, material movements can be monitored completely. Particularly, it is of utmost importance that a complete monitoring is carried out for maintenance and servicerelated requirements.
More Transparency with Evaluations
As with other modules, the canias ERP Inventory (INV) module to perform filtering of important data through comprehensive evaluations. Using freely selected search criteria, actual data related to, for example, warehouse stocks or warehouse movements, are split according to individual requirements. In addition, materials can be staged as ABC or D materials according to stock turnover or their value.
Due to use of various inventory types and the capability to keep warehouse stocks always up-to-date via different inventory methods, maximum flexibility is assured in the canias ERP Inventory (INV) Module. With the canias ERP Warehouse Management module, rules regarding flexible storage can be defined when short and convenient means are needed.
The capability of mobile access to the ERP system increases flexibility and efficiency at the warehouse. With the canias ERP Mobile Inventory application, mobile data entry devices (MDEs) can be used to initiate and check processes such as purchase, delivery note, transfer or inventory records regardless of the current location. In this method, data is recorded and processed in real time. Contributing greatly to consistency.
With the functions in the canias ERP Inventory module and full integration of the module with the ERP system, are necessary adjustment to warehouse operations are made immediatly as required and the user can respond to situations quickly.
Each stock movement in the canias ERP Inventory module can be priced by choosing from price types such as average cost, moving weighted average lot/serial number based real cost, FIFO and LIFO. The calculated stock movement prices can be used in various reports and also transferred to and accounted for in the canias ERP Financial Accounting module.
The inventory cost is fed by several modules including notably canias ERP Basic Core Data, canias ERP Production Planning and Scheduling, canias ERP Purchase, canias ERP Verification and canias ERP Sales. The accuracy of inventory costs is contingent upon such integration data being error-free and complete. Inventory cost is calculated correctly using pre-matching control reports, whereas postexpenditure data are calculated correctly using post-matching control reports.
The cost of stock movements can be calculated separately for each accounting standard using the appropriate standard (VUK, IFRS, USGAAP, TFRS etc.). Thereby, results from different accounting standards can be compared.