The basic functions of the RVX Manager - Stock Management module includes the tracking of all kinds of inventory at each stage of the production process, the recording of multiple items in a single good receipt note and goods delivery note, tracking of scrap, tracking of returned goods, tracking of the location of inventory and at different production processes/stages, and manual adjustments to quantity and quality of inventory.
Also, there are other functions which seem to be basic, but can have significant impact on inventory management:
RVX Manager supports item codes with combination of numbers, characters and barcode. In many manufacturing industries such as the furniture industry, there are many small components used in the process of making finished products. Once a code is assigned to a component, the code should not be reused for other components.
RVX Manager supports multiple inventory methods such as First in First out (FIFO), Last in First out (LIFO), Weighted Average, Specific Allocation or Period-End Average. RVX Manager efficiently meets the entire demand even in a long distance transaction.
Issuance of finished goods other than sales: RVX Manager supports issuance of the goods other than sales such as returns to suppliers, sample goods for promotion, free goods (goods for gift), exchange of goods and internal use.
RVX Manager offers the facility to project inventory requirements and necessary lead times for purchases as well as supplier offers analysis.
The bill of materials is the list of material inputs for a product. RVX Manager can be able to create multiple bills of material for the same product and support substitution of some materials for others.
RVX Manager is strong in supporting different stock locations for commerce points and for inventory. These locations can be situated in long distance between them and linked together by Internet infrastructure. This can be an issue for businesses with many factories, warehouses or working points.
Tracking of inventory from raw materials/purchased goods through the production process into finished products/sold goods based on labels such as bins, lot numbers or serial numbers is controlled by the stock movement and history reports.
The inventory management module of RVX Manager is seamlessly integrated with purchasing module and production planning module.
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