This course shows you how to manage all aspects of your inventory from placing purchase orders with your suppliers to tracking usage and availability of all your inventory items. Because with Connected Business your inventory is integrated with the other modules of Connected Business, all warehouse related information is organized in the Location Form giving you the information you need. Managing inventory and keeping stock at optimum levels is one of the foremost considerations in the supply chain. Keeping track of what needs to be replenished, needs to be adjusted and sold right away are just a few of the tasks that must be accomplished with caution and accuracy. You can experience superior inventory management when using Connected Business.
Connected Business provides complete control of inventory, allowing direct supervision during every step of the supply chain which minimizes, if not eliminates, errors generated due to the complexities of managing and overseeing multiple warehouses and locations. For every item in your organization’s inventory, you will be able to track costs and item usage while keeping all relevant information. Compare supplier details side by side and make well informed purchasing decisions with up to date costs, information on priority suppliers, purchase trends and more. Connected Business includes a range of different pricing options allowing you to set up simple, multi-level and customer specific pricing while still flexible enough to handle other pricing schemes.
This course is divided into the following Lessons: (1) Products and Services, (2) Locations, (3) Stock Information, (4) Inventory Movements (5) Stock Analysis, (6) Suppliers, (7) Purchasing Order Processing, (8) Goods Received Management, (9) Bill Management, (10) Supplier Payments, (11) Supplier Returns and Refunds, and (12) Supplier Debt Control. Each lesson begins with learning objectives, a general discussion, task demonstrations with multiple tasks, and review questions.