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Inventory / MRP

part of the Product Formulation Manufacturing product line, by FormulaWare, Inc.

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Proven Inventory Management

The most important asset in your business is your inventory, so why trust it to anything but PFM? Control your most valuable asset with timely and accurate inventory information and easily maintain ideal stock levels to keep your customers completely satisfied. Inventory Control supports items such as raw materials, packaging goods, produced goods, intermediates, and distributed goods.

Lot Traceability

PFM can handle lot tracking of any number of inventory items. Materials purchased with a lot number can be tracked from purchase through production and into produced goods for complete lot traceability. Costing information is tracked by lot as well.

Lot’s of Extra’s

PFM’s inventory control is designed to improve and coordinate your entire operation, from purchasing to production to sales. Purchasing and production benefit from accurate inventory figures required to make informed decisions.

Physical Count Processing

PFM provides the ability to count your entire inventory as well as cycle counting. Physical count sheets are produced and optionally print the current on-hand quantities. PFM takes a “snapshot” of your inventory allowing you to continue using PFM while completing your physical counting.

Costing

PFM gives you complete control over costing options. It handles average, standard, LIFO & FIFO costing. PFM also handles fixed and variable costs for up to seven additional types of costs. Reports are available to print standard vs. actual cost information. This provides you exceptional information needed in revising your standard costs.

Useful Reports

PFM’s Inventory Control provides many reports designed to help you make informed decisions. Reports always provide sort and selection criteria allowing you to choose a variety of reporting capabilities Reports include:

  • Stock Status
  • Valuation report
  • Item Master List
  • Item Price List
  • Item Activity Report
  • Lot Traceability
  • Inventory Journals

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