Products | Lantek Expert III | Lantek Expert III Inventory Management

Compatibility with business processes

Given that it is an integral management system, Lantek Expert III Inventory connects each and every one of the functional modules with each other. The system therefore enables you keep up-to-date with the stockpiled quantities of the company’s products, make specific warehouse despatches for sales orders, manufacturing orders, entrances of purchases made, etc. The information on products, quantities required-available, associated costs, etc, is automatically transferred from the warehouse module to the functional modules involved in each case.

 

Inventory Costs Management

Once the chosen method for cost calculation has been selected (FIFO, LIFO or Average), each time the user makes a movement, warehouse input-output, the system updates the cost of the products automatically. This provides updated information on the value of each one of the products stockpiled, as well as the overall value of the inventory.

 

Stocks and Backlogs Management

The efficient management of warehouse materials and products requires an updated control of the quantities present at any given moment. Lantek Expert III Inventory not only displays the quantities in stock, but also their status: available, reserved, in orders pending delivery, etc.

 

Multi-warehouse management

Lantek Expert III Inventory allows you to work with several warehouses at the same time, providing you with timely information on the quantity of product stockpiled in each warehouse, as well as the overall total for all of them. In addition, and for the optimum distribution of the products and their proper control, the option is available for dividing the warehouses into different physical locations, with the possibility of assigning them to each product according to their characteristics.

Lantek Expert III Inventory is a secure and reliable solution, with highlights being the following features and functions:

• Real time updates on the warehouse and associated product costs.
• Compatibility with the company’s functional modules related to warehouses, such as, for examples, Sales, Accounts, Purchases, Projects and Production.
• Multi–warehouse management.
• Inventory adjustment movements between warehouses.