Inventory Management

Our flexible cloud-based inventory management helps growing businesses drive inventory efficiency across dispersed locations without losing sight of costs.

Simplify your inventory processes with flexible item management, quality traceability, and powerful replenishment logic for automated orders to balance supply and demand.

Optimise stocking levels across warehouse and distribution locations to avoid rush orders and stock-out situations with increased inventory turns and lower carrying costs.

Avoid surprises with precise, real-time tracking for costs of goods sold and inventory carrying costs. Use lot and serial tracking for specific (actual) inventory costs or use average, standard, or first-in-first-out (FIFO) inventory valuation methods for improved accounting.

Inventory Management Software

  • Improve inventory data accuracy – eliminate manual data entry with integrated processes, barcoding and physical inventory cycle counts.

  • Optimise inventory – use replenishment and automation to increase inventory turns with safety stock, min/max order quantities, and warehouse transfers.

  • Improve customer satisfaction – avoid stock-out situations, fulfill orders, manage back orders, returns, credits, and exchanges with real-time access to inventory levels and customer-specific pricing.

  • Manage costs – accurately track costs of goods and inventory carrying costs, reduce rush orders, freight charges and write-offs for expired or obsolete inventory. Identify low-cost vendors.

  • Accelerate decision-making – use drill-down reports and dashboards to spot trends and analyse profitability.

Inventory Management features

Define minimum and maximum order quantities, reorder points, seasonality, lead times, safety stock, and forecast models to calculate replenishment.

Manage multiple warehouse locations with stock locations defined by aisle, row, rack, slot, and bin. Define defaults for receiving, returns, shipping, and drop-shipment transactions. Prioritise pick locations by item and by warehouse.

Manage matrix items based on size, color, and other attributes and values. Matrix items streamline item management, purchasing, and sales processes. Use matrix views to update price and description for items in the matrix item product family. Setup sub item codes by SKU to differentiate between product variations such as grade, manufacturer, or other variables.

Create movement classes and ABC rank codes to determine physical inventory frequency.

Manage complex pricing and discount policies such as volume discounts and multiple discounts per item. Maintain policies for price overrides, customer pricing, and commissions.

Define unlimited vendors by item with a preferred default vendor. Set a minimum frequency for deliveries and minimum or maximum order quantities by item for each vendor. Define cross-references between internal, vendor, and customer items.

Manage non-stock items for product warranties, services, labour, or other items. Unlike stock items, non-stock item quantities are not tracked in the system. Non-stock items may be received and returned without the Inventory Management application.

Build kits to stock or to order. Disassemble kits into components.

Use shelf life and expiration dates to manage perishable inventory with first-expired-first-out (FEFO) picking. Capture and create lot and serial numbers for traceable inventory.

Customer Self-Service Portal

Deliver even greater value to your customers and work more efficiently. Customers can access their information including contracts, financial statements and support cases plus perform key activities 24 hours a day, 7 days a week, without a call or an email.

What Acumatica customers say…

  • Power Storage Solutions Field Service Acumatica ERP

    “Acumatica offered a service package, purchasing, inventory, a Client Relationship Management (CRM), quoting, manages projects, and sales orders – all right there in one operating system. We were shocked to find all of this functionality in one system.”

    Derrick Elledge, VP of Operations
    Power Storage Solutions

  • Bell and Company Distribution ERP Software Customer

    “Before Acumatica, we had no way to access the local resources on the network when we were away from the office. Now we have access to all of our customer information and technical documents – it’s as easy as picking up the phone or using the app.”

    Dan Wilkins, President
    Bell and Company

  • Youngevity Distribution ERP Software customer

    “Acumatica saved us time and money processing over 4,500 orders per day. Since it’s Cloud-based, Acumatica can support our double and triple digit growth rates.”

    Chris Nelson (CPA), CFO
    Youngevity