Inventory Management

Inventory

Foundry Bean Inventory Management simplify inventory management and gives you ability to track inventories in multiple locations, transfer products between locations, sell and fulfill products when inventory is available, track product movement using transactions (receiving, transfer , shipping etc) , update on-hand quantity in real time , create accounting of costs of goods sold and closing of books.

Item / product Repository

Inventory Management is the repository of all physical and virtual items your company uses. There are five item types are supported -- Inventory are physical items and mostly inventory tracked. Non Inventory are not physical items ,Inventory isn't tracked , examples are training, consulting, installation. Mostly for fulfillment and one time event. Service Item Inventory isn't tracked and mostly used for recurring invoices and services. Subscription Similar to service items but no service contracts Assembly and kits Assembly of service items , can be physical or virtual.

Inventory Organization and locations

Inventory Organization is the logical location of inventory assets of the company. Item record needs to be available in the Inventory Organization to make any inventory transactions.Foundry Bean Inventory Management simplify inventory management and gives you ability to track inventories in multiple locations, transfer products between locations, sell and fulfill products when inventory is available.

Inventory and receiving transactions

Transactions are automatically created when item is received, picked ,packed or shipped. Transactions are valued based on the costing procedure adopted in the organization. Accounting is automatically created for the transaction based on the accounting rule.