SYSPRO Inventory Management online training
At any point in the process, SYSPRO Inventory Management gives you instant access to
inventory levels, open purchase orders, work orders, and open sales orders. You also have
the flexibility to calculate inventory by warehouse, track inventory, and see goods in transit.
Why is effective inventory management critical to business success?
As your business grows, the types and amounts of inventory increase and need to be
Many manufacturing companies hold close to 50% of their capital in inventory.
Raw material costs
The main cost component of many products has shifted to materials.
There is a direct link between managing inventory effectively and improved cash flow.
Manufacturers and distributors must respond quickly to customer demands and make
intelligent, cost-effective decisions in order to remain competitive.
SYSPRO Inventory Management gives you more control over your inventory by providing
greater accuracy and visibility to inventory information throughout the organization.
Key benefits of Inventory Management:
Effective control of supply and demand
Costing methods per warehouse
Average, standard, last, LIFO, or FIFO
Actual cost tracking for lot traceable or batch serialized items
Multiple pricing options, including quantity-based, discounted, and contract
Powerful queries into movements and all inventory touch-points in the system
Powerful tools and modules within SYSPRO:
Traceability including Lot and Batch Control as well as Quality Control of both raw
materials and finished goods
Manage Inventory usage/consumption, reorder, ageing, expiration, write offs, stock
turns and fast/slow movement
Valuation and costing to calculate the cost of goods sold, and of sending inventory
Warehouse control with QR & Barcode scanning capability
Real-time data insights and user-friendly reporting for improved decision making and