MYOB Advanced Inventory Management has sophisticated features aimed at suiting more complex demands
Gain real-time access to available inventory, inventory in transit, reorder quantities, and inventory costs with multiple warehouses, lots, inventory sub-items, expiration dates, bin locations, and the ability to break down locations according to branches all in one place. Efficiently manage your distribution process to improve customer satisfaction while maximising profit and conduct inventory forecasting with all data available in one place.
MYOB Advanced Inventory is integrated across your entire ERP software, be it MYOB Advanced Financial Mangement, MYOB Advanced Customer Management or any other suites, giving you access to comprehensive and flexible reporting and analysis at all times. So at a high level what are the features of MYOB Advanced Inventory Management?
MYOB Advanced Cost Management
Specify different valuation methods for different inventory items, and accurately track inventory holding costs and costs of goods sold.
MYOB Advanced supports Multiple valuation methods
Select different valuation methods for each inventory item, including standard cost, moving average, item-specific and FIFO. You can even directly adjust costs and physical inventory from inquiry and report screens.
MYOB Advanced supports Multiple warehouses
Use location-specific inventory quantities, allocations and costs to manage multiple warehouses, and redistribute inventory from central warehouses as required.
MYOB Advanced supports Inventory sub-items
Track inventory characteristics with the use of sub-categories. Quantity information can be assigned to sub-items, allowing you to view detailed segment information insights and aggregated totals.
MYOB Advanced supports Lot and Serial Numbering
Assign serial numbers upon receiving, issuing, or assembling each item - and track inventory by that serial number. You can even assign specific valuations to certain numbers in order to track costs.
MYOB Advanced Two-Step Transfers
Track your inventory transfers into and out of your transit account, so you can monitor goods currently in transport between locations.
MYOB Advanced CRM
Avoid re-entering information like price and discounts, with easy conversion of CRM opportunities to sales orders. You can even verify shipping and delivery status by locating orders.
MYOB Advanced Expiration Dates
Reduce inventory waste with automatic issuing of earliest expiration dates, and instantly remove expired items from available inventory.
MYOB Advanced Inventory Bin/Location Control
Easily maintain control over your inventory, with clear specifications around the types of transactions allowed, their priority, and cost by location.
MYOB Advanced Purchase Order Automation
Make re-ordering easy, with automatically generated purchase orders based on replenishment algorithms and your stock levels. Generated orders go directly to the vendor with the best delivery time and price.
MYOB Advanced Transaction Reason Codes
Create reason codes that link directly to your general ledger and inventory reports. Use these financial and operational reports to measure trends and spot problems.
MYOB Advanced Inventory Replenishment Suggestions
Use historical sales data analysis, and system-generated replenishment recommendations, to lower your overall inventory.
MYOB Advanced Sales Order Discounts and Promotions
Manage your discount policies and complex pricing models with ease - while still maintaining any price override policies you have in place.
BOMS, KITS, Production, Configure To Order - all supported by MYOB Advanced!
Case Study
Have a look at the success story of one of our clients we deal with on a daily basis - Woolcock Group - and understand how MYOB Advanced took their business to the next level.
Click below to watch the quick video!
How much does MYOB Advanced Inventory Management Cost?
The pricing of MYOB advanced Distribution and Inventory Management can differ depending on your business situation. Have a look at the pricing structure of MYOB Advanced Distribution and Inventory Management here
Take Control of your Inventory and Distribution!
Download the MYOB Advanced Inventory and Distribution Management eBook below to gain more insight into the benefits listed above as well as a case study on one of our MYOB Advanced Business success stories.
Need more information? Call 1-800-155-999 for more detail and why not schedule a workshop to review and compare?
