Inventory Management
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The document discusses inventory management features in the X3 software. It outlines tools for setting up and managing stock parts across multiple locations, inventory valuation methods, and mobile inventory control. Benefits of effective inventory management include minimizing downtime and expedited shipping costs. The document then describes specific X3 features for inventory control, including reorder lists, stock requisitions, notification settings, and inventory reports. It also discusses integration options between X3 and other applications.
Inventory Management
- 1. Exploring Inventory Features to Maximize Inventory Management
- 2. Benefits and Importance of Inventory management X3 Tools and Features for Inventory Control Stock parts - Set up and management Multiple Inventory Locations Inventory Valuation Mobile Inventory Control Using Reports for Better Inventory Management Options for Integration
- 3. Organized stock room(s) All parts are accounted for in X3 All transactions recorded in X3
- 4. Cut downtime with accurate inventories Minimize expedited shipping costs Optimize the on-hand level of parts Identify and leverage quantity buying power
- 5. Reduce expedited shipping costs – it is not unusual for expedited shipping on one part to exceed $500. If this happens only once every 2 weeks, that is $13,000 a year wasted on shipping. According to Maintenance Planning, Scheduling, and Coordination By Don Nyman and Joel Levitt, up to 25% of equipment downtime is due to lack of parts and materials on hand. Benefits You Can Realize
- 6. X3 Tools and Features
- 7. Getting to Know the Fields Needed to Activate Your Stock Inventory
- 8. Using the Parts Re-Order List
- 9. Using the Stock Requisitions
- 10. Setting Up Email Notification
- 12. What are the Benefits? Centralized multiple storeroom management Ability to easily share information between locations
- 13. Managing the Storeroom Locations
- 14. Parts File– What Changes?
- 15. Re-order process– What Changes? Requisitioning is installed and used for stock reordering Opportunity to verify needs before ordering Ability to transfer between locations to avoid over-purchasing
- 16. Charging to Work Orders– What Changes? Must select source storeroom location for charge out
- 17. Standard Default value method in X3 Values each part at its last cost, regardless of history Current On Hand x Current Item Cost = Total Value
- 18. FIFO - “First In, First Out” The items brought into the inventory first are the first items to be charged out Gives a better indication of the ending inventory value if the items are rotated Beneficial because it minimizes the accounting cost of parts charges in a given time period.
- 19. LIFO – “Last In, First Out” The items brought into the inventory most recently are the first items to be charged out Better indication of ending inventory if the items are not rotated Beneficial because it minimizes the accounting cost of parts on hand in a given time period.
- 20. LIFO or FIFO can be activated in any inventory. Contact support for more information.
- 21. What changes in the Charge-out Process? Items are assigned a LIFO or FIFO quantity Based on the method chosen, charges are deducted from either the top or the bottom of the history
- 22. History View:
- 23. Charge to Work Order:
- 24. History View After Charge:
- 25. How do find the total value of the inventory?
- 26. eMaint MX Online eMaint MX Batch
- 28. Count Sheets / Cycle Counts Parts Issued > 5 times in the last 12 months Printing Reports with Associated Bar Codes Slow Movers Report (items with low usage) Problem Children Report
- 31. Interfacing between applications can be as simple as importing data from one application to another or as complex as real-time data processing between applications. Every integration project is defined according to the individual functional requirements of each customer. eMaint can develop the functional and technical specification for the project, or design the interface based on your specs.
- 32. New Mather Metals Integrated VISUAL Manufacturing® Purchase Order Process with eMaint X3 in June 2007 Communication between X3 and VISUAL includes Purchase Orders and Maintenance Contacts Completely behind the scenes; no user action required