Name: Sage 300 Inventory Control Course | Total Corporate Learning
Author: William Wingson

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Not Enrolled

Price

CA$499

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Inventory Control is a comprehensive multi-location inventory management system that provides effective management of stock levels and inventory transactions. It forms the core of Sage 300’s Operations Management Suite of products and allows users to enter transactions quickly and easily for the movement and tracking of inventory items. This course is designed to provide users with a comprehensive understanding of Inventory Control as it relates to the Operations Management Suite and teaches users how to enter transactions directly in Inventory Control.

Tailor Inventory Control to Your Business

Set up any number of account set to assign to inventory items, specifying the costing method to use and the general ledger balance sheet accounts to post for item transactions.
Automatically assign all items to all inventory locations or specify the items you permit at individual locations.
Identify physical inventory locations, where goods are sold, and logical inventory locations, such as goods‐in‐transit locations.
Use an unlimited number of inventory categories to classify your inventory items for reporting, pricing, and accounting purposes, and to specify the revenue and expense general ledger accounts to use for items in each category.
Take advantage of flexible item‐number formatting to assign item numbers of up to 24 characters, with up to ten segments. Validate segments in item numbers.
Create several different inventory number formats (called item structures) to ensure that all your item numbers use the formats that you want to use.
Use the items wizard to simplify the process of adding new items to inventory.
Create multilevel bills of material where component items are subassemblies with their own component items.
Group items for special promotions and sell them as single kitting items.
Add alternate item numbers for the items in your inventory so you can also use manufacturers’ bar codes (or UPC and ISBN codes) for entering transactions in Inventory Control, Order Entry, or Purchase Orders.
Add the item numbers that your customers use, to make entering transactions in Order Entry even easier.
Set up as many units of measure and conversion factors as you need for all the ways in which you purchase, stock or sell individual items.
Add all of the weight units of measure and conversion factors for your inventory items. Weights are automatically converted to the default weight unit of measure to provide estimated order weights in Order Entry and Purchase Orders.
Set up as many price lists as you need, such as for the regions, sales types, or currencies you use in your inventory control system. Easily copy items from one price list to another and update prices and costs for a range of items in a single step.
Set up pricing for individual customers based initially on category code or item number. You can then price by:
- Quantity or weight
- Customer type
- Single or multiple units of measure
- Discount percentage
- Discount amount
- Cost plus a fixed amount
- Cost plus a percentage
- Fixed amount (only for pricing by item number).
Choose how Order Entry responds to price changes — with an error message, a warning, or a request for approval.
Add an unlimited number of optional fields to transactions to keep track of specialized information for your company.

Maintain Detailed and Accurate Inventory Information

Keep detailed records for each item in your inventory, including cost, markup factor, discount or markup rates, desired minimum and maximum quantities, supplier information, and more.
Keep unit costs, prices, and conversion factors in up to six decimal places, and keep quantities in up to four decimal places.
Use manufacturers’ item numbers (such as UPC bar codes) for ordering and handling inventory.
View the last cost for purchasing an inventory item.
Receive non‐stock items in both Inventory Control and Purchase Orders with vendor costing information updated.
Maintain costs by location.
Update inventory quantities immediately when shipment, receipt, return, or usage transactions are posted in Inventory Control, Order Entry, or Purchase Orders.
Optionally perform item costing during day end processing or when goods are purchased, received, or transferred, and when you assemble or disassemble master items or post adjustments. Inventory Control also lets you update item history and statistics when you cost items or during day end processing.
Set up reorder criteria based on item quantities at all locations, or on item quantities at each location.
Print detailed worksheets for recording physical inventory counts, and then reconcile your counts with the figures kept for your system by Inventory Control.
Accumulate transaction statistics and sales and returns statistics by your choice of up to 52 periods and for as many fiscal or calendar years as you need.
Assign an unlimited number of serial numbers to shipped items, and record serial numbers on returned items. Keep serial number information on hand until you choose to delete it.
Record up to nine vendors (suppliers) from whom you purchase each inventory item. Inventory Control Features
Use options to record receipts and shipments of items by fractions of their units of measure, and ship items before you have posted the receipts for them, even when it results in negative inventory levels online.

Take Advantage of Flexible Transaction Entry

Quickly enter transactions by type, as well as assign security to identify the operators who can enter each type of transaction. Inventory Control separately manages the following kinds of transactions:
- Receipts
- Shipments
- Internal Usage
- Adjustments
- Transfers
- Assemblies
Post transactions immediately after entry or save them for later editing and batch posting.
Record returns and adjustments directly on posted receipts, rather than as separate adjustments.
Optionally record customer numbers on shipments, select price lists, and enter as many serial numbers for each item line as you need.
Post internal usage transactions to remove items from inventory for use in your business and record the General Ledger account entries for the transaction (debiting an asset or expense account).
Automatically record fixed assets entries in the Sage Fixed Assets system (FAS) when taking items out of inventory for internal use.
Transfer inventory directly and immediately between locations, or transfer goods via goods‐in‐transit locations to reflect more accurately the process of moving goods between locations.
Process multiple transit receipts against a single intercompany transfer.
Adjust item costs and quantities as needed.
Automatically process adjustments to write off item costs, write off item quantities, or reset costs for existing quantities.
Post assemblies and dis-assemblies of master items with online checking of component availability and full accounting details of each assembly.
Drill down to any inventory transaction from the posted or open general ledger entry.
Drill down to originating Project and Job Costing transactions from shipments, internal usage transactions, and adjustments.

This Sage 300 Inventory Control training seminar is for all individuals who have a stake in the Supply Chain and all Logistics, Materials, Inventory, Stock, Warehouse and Distribution Professionals.
It will also help those who need to develop their understanding about Warehouse and Inventory management using the Sage 300 Inventory Control module.
It will be especially helpful to all those who are looking to make business gains and benefits and to any owners, operators of companies with warehouse and stores operations and who hold stock and inventory.

This course is delivered by a live instructor using the Zoom application. We believe that attendees learn by performing the tasks that the instructor demonstrates on their screen. They can also communicate with fellow attendees and the Instructor via live audio and video.

With Hands-on Train (HOT) delivery, we suggest that attendees work with two application windows on their local computer. The first window is their own work area, and the second window displays the instructor’s work area via the Zoom video conferencing application.

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