SOME OF THE MAJOR FEATURES OF DPS INVENTORY CONTROL INCLUDE:
- Alpha numeric item numbering allows you to build meaningful item numbers
- Forty character product description fields and an additional forty character additional description field allows for eighty total descriptive characters
- Product class groupings for inventory analysis and reporting including major and minor classes that allow you to look at inventory and sales analysis is a way that makes sense to your company
- User defined locators allow you to sort reports in ways unique to your business
- Vendor performance, service level, reorder calculations, and lead time tracking facilitate item purchasing
- Unit of measure conversion factors permit stock keeping units to differ from pricing units of measure
- Substitute cross-referencing allows you to provide your customers with alternative items when the item they are trying to order is out of stock
- Quantity control information includes on-hand, on backorder for customers, on-order from vendors, and committed to in-process customer orders
- 24 month rolling unit sales history for each item provides the basis for trend and seasonality analysis
- Item history files contain year-to-date and prior year-to-date sales statistics, purchasing statistics, and branch transfer statistics
- Standard pricing options for each item include multiple price levels, quantity discount pricing, price as a mark up of cost, promotional pricing with start and stop dates, and special pricing by customer by item
- Item renumbering and reclassification utilities allow you to change item numbers and class codes without losing valuable history information
- For multi-branch locations, transfer programs facilitate and track the movement of stock between branch locations
- Over 40 standard inventory reports, each with a menu of sort options, present valuable information on such subjects as pricing, quantity levels, on-hand valuation, turnover, GMROI, activity audit trails, stock allocation to customer orders, profit margins, and much more
- Physical inventory processes allow for:
. selection by vendor, item, class, or location by branch
. worksheets for count entry
. perpetual to physical variance reporting
. extended valuation reporting
. perpetual record updating so shipping and receiving can proceed as soon as the warehouse or branch count is complete
. bar coding options
- Item activity displays and reports provide a complete “cardex” of quantity information about each item
- Shortage reports facilitate file-backs with manufacturers for shipping error credits and rolls that turn out to be shorter than what you were billed for
- Age reports provide valuable information on items simply taking up space in your warehouse that should be sold immediately to make room for faster moving items
- The system will create a “specials” list that can be printed, faxed, or emailed directly to your sales force showing stocking levels of items on weekly special along with the special selling prices
- The system includes a customer price list option, allowing the distributor great flexibility in formatting customer price lists
- The system includes a feature to devalue the cost of certain inventory items and have the necessary general ledger accounts updated automatically
- Private label vs. supplier’s items number cross referencing with the ability to change item numbers across the board if necessary
- Inventory items or small quantities can easily be charged off to sample expense accounts
- Optional bar coding systems allow the use of manufacturer supplied or distributor generated labels, using either the manufacturer’s SKU number or the distributor’s item number – includes features for purchase order receiving, physical inventory, and delivery truck loading and verifying