ABS Software - Inventory Control (INV)

The Inventory Control program (INV) is a complete raw materials inventory management package. The INV program is used to process new material receipts, record material usage and provide various inventory reports.

With the installation of the INV program, you will have access to a perpetual inventory system. Purchasing, Operations, and Management personnel will all benefit from the Inventory Control program by having immediate access to current inventory levels and values, committed inventory information, daily inventory receiving and consumption information and more.

The Inventory "Receipts" function provides the ability to enter both new raw materials and receiving information for existing raw materials. All receipts transactions are date and time stamped to ensure complete traceability. A detailed receiving report is prepared after the receipts have been posted. The detailed receipts information can optionally be stored and exported for use by existing in-house applications. The receipts data can also be stored and reported via the optional Month-To-Date Consumables (MTD) System.

The Inventory "Usage" function provides the ability to record actual raw material consumption (usage) information. Only after the actual usage information is entered for a heat/charge is the perpetual inventory adjusted to reflect the new balance. All usage transactions are also date and time stamped to provide traceability. A detailed usage report is automatically prepared after the usage figures have been posted. This report contains the true (actual) weight and cost values for the heats/charges processed. The detailed usage information can optionally be stored and exported for use by existing in-house applications. The usage values can also be stored and reported via the optional Month-To-Date Consumables (MTD) System.

The Inventory "Reports" function provides access to the twelve (12) standard inventory reports. Many reports provide both actual and/or standard costing information. A sampling of the standard reports includes:

  • Aged Inventory
  • Quantity On-Hand
  • Inventory Value
  • Detailed Receipts / Usage Elemental Analysis of Inventory
  • Inventory Changes / Corrections

Custom-developed reports can also be provided.

The Inventory "Export" function is an optional extra-cost feature available. This function was developed for those clients who wish to link the ABS Software Inventory System with an existing in-house receiving, inventory, or material consumption application. The "Export" function eliminates the need for double data entry of receipts and usage information