The StreamV Warehouse Management System allows you to efficiently manage warehouse operations in one or more inventory locations. The Warehouse Management System includes several different applications that are completely integrated with the entire StreamV Enterprise System. These applications streamline warehouse operations, improve accuracy, and provide your company with powerful tools that can be used to perform the following tasks or business processes.
The Inventory Management programs are used to create, maintain, and view Inventory or Warehouse records. Inventory records are used to define the items that you process in each of your warehouse locations. Each record stores the on hand, reserved, allocated and on order quantities for the item in the selected location. Inventory records also store pricing and cost information, and other information that may be different by warehouse for each item. You may not sell or purchase an item until a record has been set up in the Catalog file, and an Inventory record has been created in the location in which the item is to be processed.
The PO Receiving System is used to receive inventory quantities into the system, and post the value of the receipts to the appropriate general ledger accounts. The Receiving system is also used to record the serial number, bar code, and other required or optional information for the inventory items being processed.
The Bin Management programs are used to identify and track the physical locations of the inventory items in your warehouse. The Bin system maintains a record of each item/bin combination in the “BinLoc” or Bin Master file. The Bin Master records store the current on hand quantity of the item in the bin, and the quantity in the bin that is committed or reserved for the printed and unprocessed sales order pick tickets and shop order pull tickets for the item. As inventory transactions are processed, the bin management system updates the bin quantities (both the on hand and committed quantities) and it writes warehouse transactions to support the changes to each bin quantity
Pending records are used to track inventory that belongs to your company but that is not included in your on hand inventory or work in process quantities. Pending records are used to track items such as units sent to a customer for demo or evaluation purposes, units being used as samples by sales reps or at trade shows, units being sent back to the vendor for credit and or replacement, and items in transit between facilities (IFT or Inter–facility transfers). Pending records can also be used to process items sent back by customers, and items being repaired, using some of the more advanced options available in the RA system. The Pending Management programs are used to display and to process or clear pending records .
The Inventory Adjustment program is used to adjust the on hand quantity of an inventory item and to post the value of the adjustment to the General Ledger.
The Inventory Transfer Program is used to process immediate transfers of inventory on hand quantities between inventory locations. As each inventory transfer is saved, the inventory in the destination warehouse is immediately available for use. Note: If you are processing a non-immediate inventory transfer, and the goods will not actually arrive at the destination for a substantial amount of time, the Inter-Facility Transfer system should probably be used to process the transaction. The IFT system is documented as part of the PO or Purchasing System. The IFT Management program – which is used to receive inbound inter-facility transfers, is documented as part of this, (the WMS) system.
The Inventory Count System is used to perform complete or partial counts of the inventory in your warehouses and to create count records for quantities counted. The inventory count information is then used to identify items which have variances between the counted quantity and the on hand quantity stored in the system. The Count System allows you to produce variance reports which list the items with differences and it also allows you to adjust the on hand quantities of the items to match the actual quantity counted.
The StreamV application allows you to automatically convert inventory on hand quantities from one item number to another. This option is used to automatically write down goods received via the return authorization system when the goods are not in salable condition (to handle open, damaged boxes, damaged items). The Depreciate Stock option can also be used to transfer in house items from a normal sku to another type of sku (such as damaged, open box, rebox) for the item. A Gencode table is used to classify the item types that are supported by your company and define the cost relationship between the “normal” and the depreciated versions of the item. The Table also determines the General Ledger account that the reduction in your inventory value will be charged to. Stock deprectiation is supported from the Inventory Management and from the RA Disposition programs.