Module 1: Control Inventory

Inventory management is a cornerstone of any company within the wholesale and manufacturing business. Inventory reliability at a low cost is the key factor to ensure the smooth functioning of all related operations.

Lessons

• Analyze Item Availability
• Adjust Inventory
• Count Inventory
• Reclassify Inventory
• Completing this chapter allows students to:

After completing this module, students will be able to:

Module 2: Reserve and Order Track Items

For many companies, the greater challenge lies in their ability to couple demand with supply in a manner that provides transparency and guarantees superior customer satisfaction without increasing inventory carrying costs.

Lessons

• Reserve Items
• Track Supply and Demand
• Reserving vs. Order Tracking

After completing this module, students will be able to:

Module 3: Set Up a Company with Multiple Locations

Many modern companies have their organization and operations distributed over large geographic areas, with each unit being managed independently. Such an approach to organizing their business helps companies gain competitive advantage through achieving operational flexibility and customer responsiveness. At the same time, companies with multiple locations face the challenge of retaining control over their decentralized operations and optimizing the inventory flows. To meet this challenge, such companies must ensure that the real-time information generated at the location level is available to the rest of the organization.

Lessons

• Set Up a Company with Multiple Locations
• Link Customers and Vendors to Locations
• Set Up Responsibility Centers
• Link Responsibility Centers
• Guidelines for Setting Up Responsibility Centers
• Overview of Cronus Organizational Setup
• Sell and Purchase in a Company with Multiple Locations
• Control Inventory at Multiple Locations

After completing this module, students will be able to:

Module 4: Transfer Between Locations

Many large wholesale distributors and manufacturers have a number of branch warehouse locations, each servicing a specific area or region. To minimize their total inventory level, these companies often follow the strategy of having safety stock in one main warehouse, while maintaining minimum inventory in regional warehouses. This practice requires the transfer of inventory from the main warehouse to the regional ones. Companies also move inventory from one location to another to satisfy unexpected demand.

Lessons

• Set Up Transfers
• Use Transfer Orders
• View Items in Transit

After completing this module, students will be able to:

Module 5: Perform Basic Warehouse Tasks

Maximum efficiency, data accuracy, and reliability in inventory management and warehousing operations are of utmost importance to any company striving for excellence in customer service and cost reduction. While these goals are relevant to a business, not every company considers warehousing as their core competence, which in turn reflects on their willingness to invest in extensive warehousing solutions and accept long implementation time.

Lessons

• Set Up Basic Warehousing
• Receive and Put Away Items
• Pick and Ship Items
• Move and Adjust Items in Warehouse

After completing this module, students will be able to:

Module 6: Handle Serial/Lot Numbers

As the flow of goods in the modern supply chain becomes more complex, the ability to keep track of items increases in importance to the companies in the supply chain. While monitoring an item's transaction flow can be obligatory in certain businesses (for instance, those dealing with hazardous products), other businesses may find it advantageous to monitor products that are associated with warranties or have expiration dates.

Lessons

• Set Up Item Tracking
• When to Use Item Tracking
• Handle Inbound Serial/Lot Numbers
• Handle Serial/Lot Numbers on Inventory
• Handle Outbound Serial/Lot Numbers
• Trace Serial/Lot Numbers
• Navigate with Serial/Lot Numbers
• Print Serial/Lot Numbers in Documents and Reports

After completing this module, students will be able to: