ECi M1 | Inventory Management

Inventory Management


M1 Inventory Management provides the key functions necessary to update and maintain raw materials, WIP, and finished good inventory quantities, costs and methods.  When a new job is entered through the M1 Job Management module, or generated from M1 Order Management, the material requirements create inventory allocations.  These allocations are relieved as inventory items are issued to the job, or as Purchase Order receipts for specially purchased items are posted.  Inventory issues reduce inventory quantities on hand, which are continually replenished through the processing of purchased or manufactured items received into inventory.  Receipt processing provides continual updates of inventory average and last costs, maintained for every item.  A variety of screen inquiries and printed reports provide extensive management analysis in the areas of material requirement planning, shortage monitoring, reorder analysis, stock status, valuation, critical items and so on.


Method of Manufacturing: Includes both the bill of material and the routing of the part.  Up to nine levels are available in the part method.

Flexible Costing
Average, last and standard costs may be maintained for each individual part master.
Mass Issue
This function allows you to quickly issue all planned materials to a particular job.  Issue transactions generated in this program reduce inventory quantities, and post material costs to jobs in the work in progress (WIP).
Same as Except
Save and restore functions are utilised within the system to easily create new or same-as-except product structures without having to re-enter information.
Physical Inventory
Ability to enter physical counts, carryout cycle count, print a variance report, optionally update on-hand inventory levels, and class stock into ABC.


Part Prices 
Create price lists for customers.  For each quantity break, use fixed-price or percentage discount.

Part Advisors 
Part Advisor (Purchasing) displays history relating to the purchase of a raw material.  Part Advisor (Quoting) displays history relating to the quoting of this part to customers/prospects.