advanced_inventory_control_aic
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— | advanced_inventory_control_aic [2022/09/13 15:10 (20 months ago)] (current) – created asegert_windwardsoftware.com | ||
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+ | ====== Advanced Inventory Control Guide ====== | ||
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+ | ==== What is Advanced Inventory Control? ==== | ||
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+ | Advanced Inventory Control is a System Five™ Module that provides the ability for multiple locations to have stock and stock control, as well as the ability to choose stock from any of those locations at the point of sale during a transaction. | ||
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+ | // | ||
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+ | I sell pillows and have two physical stores (departments). My main store (department 1) and second store (department 2) both have the same floor layout. I have 5 aisles per store and each aisle has 6 shelves for a total of 30 locations (Locations: Aisle 1 Shelf 1, Aisle 1 Shelf 2…Aisle 6 Shelf 6). I also have 6 shelves in the warehouse where I store extra product. I often have extra stock of pillows in different aisles in the same store so I would like to use Advanced Inventory Control, so I know which locations need more product added and where duplicate pillows are. AIC will allow me to keep tabs on inventory in multiple locations in the store and sell from/ | ||
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+ | ==== How does Advanced Inventory Control Work? ==== | ||
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+ | Advanced Inventory Control uses locations in System Five™ to specify the physical location of stock in your store and the amount of stock stored there. When adding or removing stock the associated stock rules, as outlined below, will be followed. The mechanisms in place to assist with the management of the stock stored in these locations including location quarantines, | ||
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+ | // | ||
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+ | Location quarantines allow System Five™ users with specific administrative permissions to set a quarantine flag on a location. This flag prevents the system from picking stock from that location at the point of sale unless the user is logged in with the same specific administrative permissions. | ||
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+ | The quarantined locations are intended to be used for Stock that cannot be sold until some action is taken, typically used for Returns that need to be re-packaged, | ||
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+ | //__Stock Picking Priorities__// | ||
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+ | Stock picking priorities are the rules that System Five™ uses to select stock to fulfill customer orders. There are 8 picking priorities: | ||
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+ | * Picking Priority 1 through 6 provide first through last locations to pick stock from. | ||
+ | * Picking Priority 0 equates to a Not Set value, which is selected from after the 1 through 6 priorities, if set. | ||
+ | * Picking Priority -1 equates to Not Suggested. Stock in these locations will not be automatically picked, but a user can manually pick from them. | ||
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+ | //__Stock Put Away Priorities__// | ||
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+ | Stock Put Away Priorities are the rules System Five™ uses to place stock into locations when stock is received through Purchase Orders or Receiving Reports. These priorities follow the same pattern as the Picking Priorities but are typically used in the reverse order to help with stock rotation. | ||
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+ | When the highs and lows are set for Locations, the system will fill the highest priority Put Away Locations to the High value and then move to the next highest priority Put Away Location as the stock is added to the system. | ||
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+ | Finally, there are two purposes that can be defined for a location: | ||
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+ | * Fixed Purpose: This is a fixed physical location. | ||
+ | * Random Purpose: This is also fixed physical location that can be used to store a variety of stock temporarily, | ||
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+ | ==== What do I need to use Advanced Inventory Control? ==== | ||
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+ | //__I am a new Windward Customer__// | ||
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+ | - Speak with your Account Manager about Advanced Inventory Control. It is a Stock management feature that requires regular maintenance and is intended to add additional control over Stock in a Departmentalized Inventory. It is not intended to be used when Stock is not tracked by Department. | ||
+ | - Advanced Inventory Control works best with Average Costing of the Inventory, so discuss this with your account manager and your in-house accounting team. Selecting a Costing method has Tax implications, | ||
+ | - Once the AIC feature has been enabled in your License Codes, you can complete the location setup. This must be completed prior to assigning Locations to your Stock and cannot be changed once Stock is allocated to Locations in the system. This step requires detailed planning and cannot be taken lightly. | ||
+ | - Once the configuration is completed, the process of putting existing stock into locations can begin. This can be done using a manual process of through the use of the Part Load feature. | ||
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+ | //__I am an existing Windward Customer__// | ||
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+ | - If you already use the single location field on the Inventory records, this data will be lost. It will need to be removed and redefined to be able to use AIC. Our Professional Services team can assist you with this. | ||
+ | - Once the AIC feature has been enabled in your License Codes, you can complete the location setup. This must be completed prior to assigning Locations to your Stock and cannot be changed once Stock is allocated to Locations in the system. This step requires detailed planning and cannot be taken lightly. | ||
+ | - Your stock needs to be Departmentalized, | ||
+ | - Advanced Inventory Control works best with Average Costing of the Inventory, so discuss this with your account manager and your in-house accounting team. Selecting a Costing method has Tax implications, | ||
+ | - Once the AIC feature has been enabled in your License Codes, you can complete the location setup. This must be completed prior to assigning Locations to your Stock and cannot be changed once Stock is allocated to Locations in the system. This step requires detailed planning and cannot be taken lightly. | ||
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+ | //__I do not want to use AIC anymore__// | ||
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+ | - Speak with your account manager. | ||
+ | - Your costing type will not change. | ||
+ | - Professional Services will assist you with purging and cleaning AIC specific data. |
advanced_inventory_control_aic.txt · Last modified: 2022/09/13 15:10 (20 months ago) by asegert_windwardsoftware.com