Microsoft Dynamics NAV Inventory and Warehouse Management

Compusoft Australia's inventory and warehouse management solutions provide an easy, yet complex tool for evidence of stock and pallet contents using PDA bar code readers. The process of obtaining and archiving warehouse stock data has been optimally simplified, especially for warehouse employees.

Alternative Vendors manage purchase of the same item from several different vendors. Set up alternative vendors for an item, specify typical lead times used by a specific vendor to deliver that item, and associate price and discount agreements for that item with each vendor.

Inventory Management

Analysis reports provide company decision-makers, especially those with overall responsibility for sales, purchases, and product portfolio management, with an efficient and flexible way to get meaningful information out of the system to inform day-to-day decisions. Built on item entries, this granule provides a customizable, analytic view that enables people to add and combine analysis objects—customers, items, and vendors - according to their needs. You can:

• Present figures in both amounts and quantities and compare by periods as well as against budget. When the figures are put in a formula, they can become an indicator of the company’s performance.

• Drill down to locate the cause of problems.

• View sales dynamics; analyse inventory turnover; evaluate customers’ buying behaviour; spot trends; reconsider product offerings, prices, and vendors; and make informed business decisions.

Warehouse Management Systems

Manage items on a bin level. Receive and put away items in a bin; pick items from a bin according to a put-away template; and pick items based on the zone and bin ranking. Move items between bins using a report for optimizing the space usage and the picking process or move items manually. Warehouse instruction documents are created for the pick and put-away process, which can be carried out for sales, purchase, transfers, returns, and production orders.

 

Enable warehouse workers to create a Pick from the released order. Pick is managed from a separate user interface when shipping items in an order-by-order environment

The Standard Cost Worksheet provides a company’s controllers with a reliable and efficient way to maintain accurate and up-to-date inventory costs. Work with standard cost updates the same way you work with an Excel spreadsheet but within the framework of Microsoft Dynamics NAV. Because it provides an overview of the current standard costs, theworksheet is a convenient place to prepare for a cost update without the changes having an immediate effect in the system Using the worksheet, you can:

 

• Carry out cost updates for both the purchased components and capacity by using different sorting criteria in several worksheets simultaneously, and then later consolidate them into one.

• Get information that can help you identify and avoid potential errors by simulating the cost of the manufactured item due to changes in components and/or capacity use cost and then viewing the effect.

• Help ensure that you execute the changes at a given date and that any revaluation resulting from cost changes is dealt with in the system.

 

Manage Stock-Keeping Units (SKUs). Identical items with the same item number can be stored in different locations and managed individually at each location. Add cost prices, replenishment, manufacturing information, and so on, based on the location.

 

Enable warehouse workers to create a put-away from the receipt. Warehouse Receipt is managed from a separate user interface when receiving items in a multi-order environment.

 

Capture data automatically. Keep data accurate, even in a hectic environment. Automated Data Capture System (ADCS) supports some of the workflows in the Warehouse Management Systems that enables warehouse automation.

 

Easily set up and maintain your Bins by defining both the layout of your warehouse and dimensions of your racks, columns, and shelves; set up and maintain your planning parameters by defining the limitations and characteristics of each bin.

 

Create pick and put-away orders for Internal Purposes, without using a source document (such as a purchase order or a sales order). For example, pick items for testing or put away production output.

Offer non-stock items to customers that are not part of your regular inventory but that you can order from the vendor or manufacturer on a one-off basis. Such items are registered as non-stock items but otherwise are treated like any other item. 

Manage inventory in Multiple Locations that may represent a rental unit, warehouse, show room, or service vehicles.

Track inventory as it is moved from one location to another and account for the value of inventory in transit and at various locations.

Specify a list of sellable items, raw materials, subassemblies and/or resources as Assembly Bill of Materials that comprises a finished item or a kit. Use assembly orders to replenish assembly items to stock or capture the customer’s special requirements to the kit’s bill of materials directly from the sales quote, blanket and order line in the assembly-to-order processes.

Manage and track Serial and Lot numbers by assigning serial or lot numbers manually or automatically, and receive and ship multiple quantities with serial/lot numbers from a single order line entry.

 

Link items with the same or similar characteristics so that if a customer orders an item that is unavailable, you can offer Substitute Items and avoid losing the sale. Or, provide an extra service to your customer by offering lower-cost alternatives.

 

Quickly and precisely identify the items a customer is ordering on the basis of item numbers other than your own. Cross-reference information from customers, vendors, and manufacturers, as well as generic numbers, universal product codes (UPCs), and European article numbers (EANs) that can be stored and easily accessed.

 

Manage Item Charge by including the value of additional cost components such as freight or insurance into the unit cost or unit price of an item.

Manage Cycle Counting, a basic method of verifying inventory record data used to maintain and increase inventory accuracy.  It is possible to set up cycle counting on the item or SKU level.

Organize your warehouse by assigning items to Bins, the smallest unit in the warehouse logical structure. Bin assignment is done as the item journals or directly on the document lines (does not apply to order lines).

 

The Inventory set up items that you carry in your stock and specify their unit of measures, costing method, inventory posting group, unit cost and price and other properties. Post item transactions, such as sales, purchase, negative and positive adjustments from item journals. Quantity, Quantity and cost records of the posted transactions are stored in the inventory ledger that is the basis for inventory valuation and other costing calculations This is integrated with the General Ledger and with the posting processes in Sales and Receivables and Purchase and Payables.