Managing Inventory

Keep track of all your inventory as it arrives from vendors, moves around your facility, and then as you ship it out to customers.

[This option needs to be activated in your subscription.]

The Parts Dashboard inventory management module is well suited to small manufacturing operations who’ve discovered spreadsheets just don’t cut it but aren’t yet ready for true MRP, or larger organizations who need more sophisticated tracking systems to manage sample and prototype inventory but cannot use their MRP system to track non-production items.

It is flexible enough to offer simple tracking without the use of locations, or for detailed management across multiple companies, warehouses, and down to the bin level.

Some important features:

  • Build assemblies and consume components using the multilevel BoM
  • Assembly changes prompt a cost roll-up
  • Inventory management uses post-production issuing (“backflush”)
  • Running costs are on a weighted average basis

There are multiple inputs to managing inventory, regardless of how detailed you want to get in your tracking:

  • Companies and/ or Locations
  • Inventory Transaction Types
  • Items
  • BoMs (optional)

The first key decision is whether or not you want to track inventory at a more granular level than simply summing it for each company. The system is built to allow for locations beneath the company level. You can have a mix as well, where some companies have locations under them, and some companies are just assessed at the company level.

As part of making this decision, it’s helpful to understand how Parts Dashboard calculates inventory. Inventory transactions count towards total inventory count and value and/or they count towards the available on-hand count. There are several parameters that contribute to the state of the inventory. We’ll discuss them in the following sections.