Inventory Management

OmegaCube’s Inventory management solution provides you with very powerful capabilities to plan, procure, build, manage and track inventory in real time. As a manufacturer or a distributor, you have an ability to manage inventory levels, genealogy, costing, ownership and every other detail about inventory.

Key Features

Traceability

Maintain full cradle to grave traceability information for lots and serial numbers. View this information in an intuitive graphical tree. Maintain compliance requirements and provide automatically generated certificates of compliance. Track Heat # and material composition data and attach mill certificates to lot numbers.

Consignments

Manage customer and vendor consignments and track inventory counts at each of these locations. Automate invoice generation when consignments are used. Send electronic generated inventory reports for customers and vendors.

Bar coding

Use bar codes to move inventory, picking, receiving and shipping processes. Generate bar code labels using the in-built report writer in the system or using more industrial applications like Bartender. Utilize label printing with bar codes.

Standard or Actual Costing

Use Standard of actual costing methods. Analyze purchase price or manufacturing variance when using standard costing. Track actual costs as material is procured and manufactured in actual cost environments. Track detailed breakdown for part costs – material, overhead, labor, outside process

Usage Analysis

Benefit from inventory trend and usage analysis tools available in the system. Identify movement and cost trends, slow moving inventory, obsolete inventory and make decisions regarding EOQ, safety stock and reorder points.

Location Management

Maintain a master list of inventory locations to include shipping, receiving, quality hold, warehouse, work center and vendor locations. Transfer inventory from one location to another using mobile devices.

Inventory Counting

Perform inventory counting using cycle count or full inventory methods. Utilize bar codes to count inventory and reduce errors. Use parameters like Item types, location and warehouse to perform counting operations.