Series 5 Accounting Applications  ± Inventory Management
Define and Manage Inventory for Distribution for Multiple Warehouses
Series 5 Inventory Management

  • Overview
  • Checklist
  • Features
  • Diagram

I/M Menu IconThe Series 5 Inventory Management system is used to define those products that a company markets to it's customers.  A master inventory record is created for each item and an item-location record is created for each stocking warehouse.  Bill-of-Material products may also be defined.  The system provides for formal processing of Inventory Recievings, a Usage Forecasting process, and Physical Count Processing.  The I/M system manages your company's inventory with the following data entry, inquiry and reporting functions:

  • Maintains the properties of Inventory Master records
  • Supports 3-Dimension Matrix Inventory Management
  • Maintains Inventory Quantities-On-Hand for multiple Warehouses
  • Handle entry of Inventory Receivings and Warehouse Transfers
  • Track Inventory issued or checked out to users and Locations
  • Compute forecasted stock usage based on past sales trends
  • Provide a formal process for a Physical Count of Inventory
  • Maintain and provide Inquiry to a Quantity-on-Hand Audit file
  • Generate Stock Status Reports and Purchasing Advice Reports
  • Interfaces with Purchasing to automatically build Purchase Orders
  • Provides Month-End and Year-End processing functions

The Inventory Management system may be used in conjunction with the Series 5 Customer Order Processing system in providing goods for sale to customers.  The Series 5 Purchasing System is also integrated with the Inventory system.

The following diagram shows how I/M integrates with other Series 5 applications.

Diagram for Inventory Management