WMS: Warehouse Mgmt.
Built in warehouse management system (WMS) with stock instance tracking
The Warehouse Management System (WMS) is software to model, track and manipulate the physical properties of your warehouse(s), specifically:
- physical stock i.e the location, quantity, lot or serial number, status.
- physical locations, i.e warehouse, bin, pallet or skid, storage parameters, i.e. receive to, pick to, quarantine, reserved for SKU or Sales Order.
- physical actions and workflows, i.e. pick, pack, ship, putaway, transfer.
The WMS has four key functions:
- 1.Warehouse manager ‘console’
- 2.Barcode Reader application (Android)
- 3.Stock Manager
- 4.General Ledger communication and housekeeping
The Site address will be the receiving address for Purchase Orders and RMAs.
'Stock is not owned' when checked means the stock will not be included in Free or On hand stock indicators.
Each warehouse has its own independent Warehouse manager ‘console’. This screen gives the user access to a single screen with 11 different perspectives (tabs) of a single warehouse.
Each screen is divided into panes. Each pane has specific user controls that enable users to perform actions in context with the Tab and the Pane.
Android devices can download the Barcode reader App. The app has these functions:
All workflows can be configured and extended. New workflows can be added.
The Stock manager in the main Salesorder App keeps track of all Stock Instances. Users can find and view the properties (data) in individual stock instances.
Because the Stock Manager tracks which Purchase Order the stock was acquired and received on, and the Sales Order it was sold on, it is specifically useful for tracing Stock in the event of a recall, warranty claim, etc.
There are three warehouse actions that can affect stock value in the General Ledger:
The Item Receipt is an accounting Document to record the arrival of stock in the General Ledger. The Item Receipt changes the appropriate Stock asset and Liability accounts. When the stock is received in the Warehouse, the WMS updates the physical quantity.
The corresponding update of the balance sheet can only be performed by the creation of a symmetrical Item Receipt. Whether or not this is done simultaneously or separately is an accounting policy decision and configurable in the ‘Config’ section of the Warehouse management console.
Users can adjust the stock quantity in the Warehouse management console or from the Barcode application. The Balance sheet value in the Stock Asset account is not affected. The corresponding stock adjustment is recorded in Salesorder’s accounting (Doc Ref# SAnnn). The appropriate value adjustment can be made by the user by editing this transaction record.
When the Shipment status is changed to 'Shipped' a transaction credits the Stock Asset account and debits the COGS (Cost of Goods Sold). The balance posted is derived from the average cost of the commensurate Items.