Inventory addresses the management of ingredients and raw materials from receiving into production, and the management of intermediate and finished goods products from production to shipping. Inventory records are tracked and updated by many BatchMaster processes, in terms of their QC statuses, weights, volumes, and units of measure quantities, as well as plant locations and licenses.
Product developers see inventory costs when adding ingredients and materials to formulas and assemblies, respectively. Production staff can allocate the best inventory for batch jobs, adjust inventory characteristics and move inventory from one location to another, or between plants. In addition, production staff record actual batch job yields, including QC statuses per produced lot. And management has full visibility to all inventory movements and inventory levels, based upon various inventory characteristics, including a simultaneous view of weight, volume, and quantity in various units of measure.
Maintain expiration dates (i.e. FIFO, LIFO and FEFO)
Support allergen, organic, Kosher, Halal and other industry specific types
Auto generate lot numbers
Assign user defined QC statuses
Adjust strengths / potency and other industry specific variable properties
Adjust / convert weights, volumes, and units of measures
Perform periodic inventory checks
Initiate and execute inventory movements, including warehouse transfers
Monitor and record inventory movements and adjustments
What Inventory can do for You!
Inventory helps you increase your product margins by effectively managing your inventory production and movement processes. You can effectively monitor the usage of and adjust the levels of ingredients, raw materials, intermediates, and finished goods, including co-products and by-products. Overall, you gain better control over inventory purchasing and production processes, and the timely, accurate fulfillment of customer orders.