Inventory (Stock) Control
Accurate, up to date Stock information in one central place!
Freeman Software’s Inventory or Stock Control System provides a single repository for all the information you need about the goods you manufacture and the stock you hold. A single repository or database is vital to ensure that you always know that what you see is accurate and up to date.Freeman Software's Stock Control System provides complete control over stock levels and movement of both components and finished goods. The system is also integrated with Freeman Software's Sales Order Processing and Purchasing modules.
The following shows a sample of the more user-oriented screens from Freeman Software's Stock Control system. The screens show a sample of the data you can record about your stock. There are also numerous transaction entry screens, enquiry screens and reports to allow you to monitor and control your Inventory.
Stock Details
The Inventory Enquiry screen is used to view the basic details of each stock item. There is a matching maintenance screen.
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Prices
Prices change over time. You need to know what prices were in the past and you might want to prepare for an up-coming price change. This screen shows that you can store a history of all the prices you charge for your goods. All pricing is date-driven so that you can even enter price changes before the scheduled time and know that they will apply when they should!
Prices are only recorded for Stock items which can be sold by the system (Can Sell on the details screen, above). Items which can be sold are the finished goods you manufacture in-house and those items which are purchased to on-sell.
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Costs
Costs change over time. You need to know what your costs were in the past and you might want to prepare for an upcoming cost change. This screen shows that you can store a history of all the costs you paid for your goods. All cost reporting is date-driven so that you can know that reports show the correct costs for the dates at which they are run.
Costs are only recorded for Stock items which can be bought by the system (Can Buy on the details screen, above). Items which can be bought include raw materials and those finished goods not manufactured in-house.
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Bill of Materials
Manufactured goods are made of parts, or raw materials. Along with the quantity required for a finished item, this is commonly know as the item's Bill of Materials. This screen also shows the current quantity on hand for each of the component parts.
The Qty Req column shows the quantity of each component required to make a single stock item. The On Hand column shows the current holdings of each of the raw materials.
When you manufacture a product, a new 'finished product' is received from production, the quantity on hand of the finished good increases while the quantities on hand of the raw materials reduces appropriately.
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Units of Meaure
Sometimes you don't get an order for 50 widgets, you get an order for a pallet or a container load. Whereas the details screen will show 'Each' this screen shows the other measures which can be used for sales or purchases.
This example shows that in addition to being able to buy and sell corrugated iron by the sheet, you can sell it by the 'DIY pack - 10 sheets' or 'Pro pack - 50 sheets'. This means that you customer can order, and be invoiced for, 1 pro pack but your stock control system will alter your stock levels by 50 sheets.
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Transactions
Of course, stock comes into your warehouse and stock is delivered to customers. This screen shows all movements for the selected stock item with the current quantity on hand shown at the end of the list.
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