Inventory Control manages sales orders and inventory transactions, streamlining warehouse operations and ensuring accurate tracking of on-hand quantities and values.
Why it matters
Accountants and controllers benefit from Inventory Control's ability to efficiently manage sales order fulfillment, reserve quantities, and track inventory adjustments. This helps maintain accurate records, optimize stock levels, and improve overall financial reporting accuracy.
When you use it
Fulfillment streamlines warehouse processes like picking, packing, shipping, and invoicing from a single page.
Sales orders are reserved and allocated to prevent quantities from being used elsewhere during fulfillment.
Transaction definitions act as templates for Inventory Control transactions, configuring accounting settings and workflow rules.
Various transaction types (Adjustment decrease, Adjustment increase, Inventory receipt, etc.) affect on-hand quantity and value in different ways.