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RFS Inventory Control (I/C) |
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Automatic Reordering Using RFS I/C's auto-replenishment feature, you can set-up a minimum quantity for each product, enabling RFS I/C to create purchase orders. Reducing inventories, increasing fill rates, and cutting cycle times can dramatically improve business efficiency. In addition, order quantities (minimum and maximums) can be adjusted according to seasonal market demand and cyclical trends with sales. Valuation Methods RFS I/C supports LIFO, FIFO, and Weighted Average Cost valuation methods. At any time, you can generate reports that provide the current value of your company's inventory. Posting methods can accommodate either periodic or perpetual posting of inventory to the general ledger. |
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Inventory Availability Real-time inventory availability is accessible by product or warehouse. You can also view transaction details such as transfers, adjustments, balance information, and shipments. In addition, outstanding purchase orders and sales backlog can be viewed by product. Physical Inventory Counts Cycle counting can be performed in specific sections of a warehouse by taking "snapshots" of specified inventory at a given time, and then making any necessary adjustments to inventory without shutting down the entire warehouse. You can also correct any discrepancies that may arise between inventory counts. |
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RFS Inventory Control (I/C) provides complete control over inventory levels and movement. RFS I/C optimizes your ability to mange your inventory investment by providing access to product usage, current balances and histories. RFS I/C allows constant and consistent monitoring of all inventory movement. Automatic replenishment provides the basis for intelligent sales and purchasing decisions, based on sophisticated criteria including minimum levels and economic order quantities. |
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RFS I/C addresses the following processes: |
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Additional RFS I/C features include: |
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