Inventory

Problem: Tracking parts. I often lose track of parts needed to complete a job on the shop floor. I don’t know whether they weren’t ordered or just not delivered.  Many times these parts fail to get added to the work order at all or at the wrong price.  What can be done to automate this process?

Solution: PTM-Vision does an outstanding job of tracking every part, invoice and customer.  When a part is entered onto a work order the software checks to see if it is in stock and if it is not in stock, the software will open a purchase order with one hot key. Once a purchase order is opened it tracks which vendor it is being purchased from, vendor contact person, estimated delivery date, and quoted price.  After the part has been received, the backorder is removed from the work order and the invoice will automatically update payables in PTM-Vision’s accounting system.  PTM-Vision can also automatically adjust pricing as the parts are received so billing to the customer is always accurate.

Problem: Slow moving, obsolete and dead inventory.  Cash is king in any business and when inventory gets lost, slows down or stops moving it is like burning 100-dollar bills. Is there any system that helps me stop this and keep more of my money?

Solution: PTM-Vision inventory management system is intuitive and its primary function is to track every part to eliminate loss.  Another value of PTM-Vision’s inventory system is that it can also help you monitor inventory levels and with regular reporting identify those parts that are slow moving and may soon turn into dead inventory.  This will help you manage inventory levels so you aren’t burning 100-dollar bills!

Problem: Accurate inventory costing.  Keeping track of the price I paid for my inventory and accurately tracking selling prices is a nightmare.  Prices fluctuate based upon whom I purchase from, when I purchased it and quantity.  How do I keep track of the real costs of my inventory?   How do I ensure that I make a fair profit?

Solution: PTM-Vision tracks every part purchased and cost.  PTM-Vision inventory can be managed with average costing, FIFO, or LIFO depending on how you want to handle it.  PTM-Vision inventory also shows a two-year snap shot of each part and related sales so inventory levels can be quickly and easily adjusted for seasonality and market trends.  Pricing on inventory can be set to ensure that a fair profit can be made on your inventory. This can be done using multi-level margins and/or price matrixing by customer.