Inventory gives your company an integrated system with full visibility of the entire inventory and capacity requirement, facilitating efficient purchasing and the ability to anticipate planning bottlenecks before the delivery schedules are missed. Within TARGET Inventory System are five modules, each of which functions as independent sub-system that can be configured to meet the specific needs of your business.

Inventory Cost Management

Cost management functions are performed by TARGET Inventory module. This helps cost accounting personnel value inventories and record that information in the financial statements. This module accounts for changes in inventory balances and records the costs of inventory adjustments and shrinkages. Flexibility is provided for accounting period closings and for printing a wide selection of reports. You can begin to enter transactions for a fiscal period before performing period-end processing for the preceding period, as all transaction processing is date driven. Even if period-end processing for period A is performed in the middle of period B, only transactions applying to period A are costed. Inventory Accounting provides data directly to the General Ledger module.

The sales order subsystem maintains customer information and provides status for quotations, regular orders, blanket orders, and backorder releases. From order entry through shipping, customer orders are processed on-line. Inquiries allow you to track the status of each order.

Orders can be priced using contracts, standard warehouse prices, or customized price lists. You can also choose to enter prices manually. You can define price lists in any currency and can maintain prices on a mass basis to facilitate price conversions. A pricing template feature allows you to relate price lists and discounts to customers, orders, and part characteristics, giving you the flexibility you need to define your pricing and discounting strategies.

Order processing is initiated at various cases such as the inventory reaches a pre-determined re-order level, or when an order is received for an out of stock item or the user initiates to place an order for certain quantity of stock. Orders can be formally raised with / without referring to a requisition. Option to convert multiple requisitions in to an order according to its suppliers is also an added flexibility in the regular usage of the system. Facility to prepare a price inquiry and receive vendor quotations and converting the quotations into purchase order is also a significant feature in the modern concepts of a paperless office.

This module meets the functional requirements for capturing customer activity, tracking sales, monitoring sales performance, comparing prior and current year statistics, and enforcing management policy. It allows for timely management reporting and detailed budget control, with support for controlling exceptions. Budgets for financial, statistical, and gross margin data can be compared to actual sales figures through reports and on-line inquiries. Sales transactions resulting from order processing, shipping/billing, and postbilling functions provide the detailed information for analyzing sales and printing reports as well as for accumulating total sales by period.