Managing Items standard costs - Solution ERP

Course Content

Inventory Setup

In this topic we will cover how to create inventory location, item categories, item masters, item tags and other functionalities that you will help you in managing your stock in Solution ERP. This is an important process to be able to effectively operate your ERP to match your operational requirements.

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Add inventory location and unit of measurement

Add item category and item tags

Adding items to stock master

Importing items using import function

Adding and managing sales kits/recipes

Inventory Transactions

In this topic we will cover the various transaction you can create in the inventory module and how will each transaction affect the stores and the standard cost. We will also cover how you can manage your inventory by doing stock adjustments or stock reconciliations and what each transaction use case scenario.

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Enter stock opening balance and adjustments

Inventory reconciliation

Item location transfers and reorder levels

Assigning items to suppliers/customers

Managing Items standard costs

Inventory Reporting

In this topic we will go over how you can have a complete overview to monitor and manage your inventory to make informed decisions and be able to extract the relevant reports. We will also cover the use case scenario of each of the many inventory reports that Solution ERP offers to monitor your inventory.

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Inventory and items inquiry screens

Inventory and stock reports

Inventory Setup and Management

About Lesson

In this advanced lesson we will go over managing your items standard cost. We will cover what transactions will change the standard costs of items and we will discuss how we can view or edit standard costs of any items and what is the implication of doing so. We will also cover the cautions that must be taken when doing this transaction and manually manipulating standard costs.

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