As Inventory control is fully integrated with Sales Order and Purchase Order system, features list down below are also provided in SO and PO applications. For example, if you set Item A to have 3 quantity decimal places in Item master, when you sell or order 10 units of item A, the quantity will be shown as 10.000.
Short name support. Refer to item by short name instead of a hard to remember item code.
Kit support. You can set unit price for kit item. While kit cost come from its components cost.
Flexible cost method. Vanila biz support up to 4 types of inventory cost method. Weighted moving average, Standard, FIFO and LIFO.
Multi warehouses and multi locations. You may have warehouse in Chicago and other in LA. Location is the area within a warehouse. You may store raw material and finish goods in same warehouse but different locations.
Default warehouse, default location support. When you sell item, system use default warehouse/location of selling item if not specifying.
Minimum and maximum stock for each warehouse/item support.
Reorder quantity for each warehouse/item support.
Flexible cost method. You may use different cost method for each warehouse/item.
Multi-unit of measurement support. You can define purchasing uom, stock uom and selling uom. Even you have set selling uom, you can sell item in other unit. When you sell or purchase item A, system will provide you only list of units which defined for item A.
UOM conversion can be set exclusively for each item. Or use global UOM conversion.
Flexible Decimal place support.
You can different item to have different decimal place of quantity, unit cost and unit price.
Unit cost of item A may use up to 4 digits like 2.1275 while item B may use default 2 digits like 1.13
For item that sell with no fractional quantity, set quantity decimal to 0. When selling such item Order entry or sales invoice will not allow you to enter fractional quantity.
Allow negative quantity support. You may or may not allow your user to issue invoice or ship item out of inventory if stock on hand is insufficient.
Brand, item group, item category support. Enable you to create promotion on any combination of these properties.
Substitution item support.
Preferred vendor support.
Vendor item code support. (manufacturer part no)
Invoice description support. It’s a multi-line description. It appears instantly once you enter item, if defined, in Order entry or Sales invoice entry program.
Inventory operations include receipt, shipment, adjustment, transfer, assembling and physical count.
