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"Engica focus on all elements of an implementation to deliver a beneficial solution"

Inventory Process

Inventory ProcessInventory processors to make your operation slick and effective

Process Watch

Process controls to service and assist in optimizing demand and supply chain management.

Process watch



Inventory Menu

STORE MANAGEMENT
INVENTORY DETAILS AND ORDERING POLICIES Record commodity details - E-access - Inventory lists - Substitutes - Refurbishment - Item Tracking - Stock policies - Re-ordering algorithms - Equipment "List of Materials"
STORAGE LOCATIONS Maintain storage locations - Storage topology
STORAGE TRANSFERS Location item transfers - Cost center transfers - Group transfer capability
INVENTORY REQUISITIONING Reserving stock - Work allocation reserving - Purchase process - Funds checking - Requisition contents - On-line request - Picking list - Account allocation
RECEIVE & INSPECT COMMODITIES Look ahead - Order matching - Stock quantity update - Order balance & status update - Printing labels - Service receipts - Raise accrual - Refurbished item
SUPPLIER WARRANTIES Warranty status - Warranty history. - On-site work
SUPPLIER RETURNS Stock quantity update - Order balance and Status update - Reverse accruals
SPARES MAINTENANCE Deteriorating spares - Flagging - Shelf life
DISPOSE OF MATERIALS Disposal decision - Controlled disposals - Financial postings
HAZARD REGULATORY COMPLIANCE Hazard flag & procedures - Handling requirements - Hazardous movements - Authorization - Hazard reporting

STOCK MANAGEMENT
STOCK QUANTITY AUDIT Inventory count checking - Section cycle generation - Hold movement flagging - Preview and amendment of cycles - Input of stocktake actuals - Physical inventory variance - Past due cycle reports - Physical and cycle count - Physical cycle count variance
STOCK VALUATION Item status - ABC classification - Inventory valuation - Item value - Stock valuation methods - Period end audit reports - Relationship to job costing and plant - Separate valuations - Refurbished items
STOCK ADJUSTMENT Stock adjustment audits - Cost and value (+/-) adjustments - Write-offs - Input capabilities - Automatic updates Process watch
DATA CAPTURE Bar coding - Hand held devices

WORK DEMAND SIDE
WORK ALLOCATION & BONDING Look Ahead - Required Date - Picking lists - Allocated Against Job, Person & Equipment - Lead Time - Bonded Bins
ISSUE AND DELIVER MATERIALS Issue methods - Picking lists - Safety procedures - Recording issues - Commodity values - Stores issue completion - Issue control - Raise Contracts - Certified Items - Simplified issue items
STOCK RETURNS Returns recording - Update of quantity - Return of refurbishable item - Return of warranty item - Financial postings

LEVEL MANAGEMENT
STOCK LEVELS Current quantity status - Comparative quantity status - Fast, slow and inactive moving commodities - Obsolete Inventory - Inventory balance - Order report - Economic order quantity - ROQ/ROL buffering - Safety stock - Re-order inventory items - Stores order requisitions - Scheduled receipts - Stock transaction history - Refurbishment inventory
STOCK USAGE Inventory usage - Excess availability - Inventory turnover
RATIONALISE SPARES Multiple stocks - Reduce suppliers

Process watch

 INVENTORY DETAILS AND ORDERING POLICIES

COMMODITY DETAILS

Commodity Detail - Item Numbering - Inventory List - Suppliers - Substitutes - Refurbishment - Warranty - Item Tracking - Ease of Location

STORES POLICIES

Stock Policies - Re-Ordering Algorithms

STORAGE LOCATIONS

Maintain Storage Locations - Bins - Shelves - Compounds -Topology

INVENTORY MAINTENANCE

Deteriorating Spares - Shelf Life - Item Maintenance

MANAGE WARRANTIES

Warranty Status - Warranty History - Internal Work

 INVENTORY HOLDINGS

REVIEW STORES STOCK LEVEL

Slow-Moving and Inactive Stock - Obsolete Inventory - Inventory Balance/Order Report- Economic Order Quantity - Safety Stock - Re-Order Stock - Stock Items - Stores Order Requisitions - Scheduled Receipts - Stock Control - Stock Transaction History - Refurbishment Inventory - Comparative Quantity Status - Current Quantity Status

REVIEW STOCK USAGE

Inventory Usage - Excess Availability - Inventory Turnover

RATIONALISE SPARES

Multiple Stocks - Incorrect Costs/Value - Reduce Suppliers

 INVENTORY REPLENISHMENT

RAISE REQUISITIONS

Reserving Stock (Stores) - Reserving Stock - Purchase - Funds Checking - Requisition Contents - Stock Records Update - On-Line Stores Request - Picking List - Slow Moving Items - Requisitioning/Reserving

 INVENTORY EXPENDITURE

EXPENDITURE & BUDGETING

Establishing a Budget - Cost Code and Accounts - Expenditure - Commitments

 INVENTORY VALUATION

VALUATION METHODS

Basis Of Stock Valuation - Period End Recording - Period End Audit Reports - Relationship To Job Costing - Separate Valuations - Refurbished Items

STOCK VALUE

Item Inventory Status - ABC Classification - Inventory Valuation - Item Value

 INVENTORY MOVEMENT

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RECEIVE & INSPECT COMMODITIES

Look Ahead - Order Matching - Stock Quantity Update - Order Balance/Status Update - Printing Stores Labels - Record Service Receipt - Raise Accrual - Refurbished Item

SUPPLIER RETURNS

Stock Quantity Update - Order Balance/Status Update - Reverse Accruals

ISSUE & DELIVER MATERIALS

Issue Methods - Picking List Production - Safety Procedures - Recording Issues - Commodity Values - Stores Issue Completion - Issue Control - Raise Contracts - Certified Items

STOCK RETURNS

Stock Returns Recording - Automatic Update Of Quantity - Financial Postings - Return Of Refurbishable Item

DISPOSE OF MATERIALS

Disposal Decision - Controlled Disposals - Financial Postings

TRANSFERS

Location Transfers - Transfers Between Cost Centers- Mass Transfer Capability - Special Equipment

 WORK INVENTORY ALLOCATIONS & BONDING

Process watch

ALLOCATE SPARES FOR WORK

Look Ahead - Stock Quantity - Required Date - Allocated Against Job, Person and Equipment - Lead Time

BOND SPARES FOR WORK

Allocated - Placement In Bonded Bins - Receival Methods

 INVENTORY AUDIT

CYCLE COUNTS

Inventory Checking - Cycle Count Generation - Preview/Amendment Of Cycles - Input Of Stocktake Actuals Physical Inventory Variance - Past Due Cycle Reports - Physical and Cycle Count - Physical/Cycle Count Variance

STOCK ADJUSTMENT

Defining Stock Adjustments - Recording Stock Adjustment - Positive/Negative Adjustments - Write-Offs - Input Capabilities - Automatic Updates

OPENING BALANCE

Setting and Initializing

 MATERIAL SAFETY & HAZARDS MANAGEMENT

HAZARD and SAFETY REGULATORY COMPLIANCE

Safety Procedures - Hazard Procedures - Handling Requirements - Hazardous Movements - Authorization - Material Hazard Reporting

 DATA COLLECTION

Bar Coding - Hand Held Devices


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