Streamlined Transaction Processing Inventory transactions give users total control over inventory records and easy access to the information contained in those records. Adjustment transactions track item increases and decreases, variance transactions track changes to inventory quantities when a physical count reveals a quantity discrepancy, and transfer transactions track item transfers from one quantity type to another or from one site to another. Within an individual transaction, users can define the inventory site, serial or lot number and unit of measure for each item. Quantity overrides allow item decreases below the quantity available, handy when an item sells before its receipt has been entered. And inventory shortages are easily tracked by viewing quantities available during transaction entry.
Inventory offers complete batch controls, enabling managers to increase accuracy and ensure control.
Batches also can require controller approval, and approved batches carry user and date stamps for complete accountability. For follow-up and future reference, users can attach notes to the item record or transaction in question. These notes can later be reviewed if the question surfaces again, saving time and increasing accountability. Item increase and decrease adjustments can be entered for multiple sites in the same transaction, useful when recording physical changes in item quantities. Batch approval can be as comprehensive as desired, with transaction and amount totals, plus controller approval ensuring accuracy.