Overview
The Bottleneck Manufacturing Portal offers inventory management functionality to effectively track, organize, and manage inventory items and lots. Here’s a look at the key features:
Inventory Item
Each item in your inventory is defined by:
Name: Identifies the inventory item.
Description: Provides extra details about the item (optional).
Status: Informs if the item is active or inactive.
Tracking: Distinguishes between tracked and non-tracked items.
A tracked item needs to have a specific lot, where as a non-tracked item will not (such as water usage in a Work Order)
Type: Classifies the item as raw material, work in progress, or finished goods.
Notes: Any additional information or comments related to the item.
Units
These facilitate inventory management:
Unit of Use: The quantity measurement of the item when used.
Unit of Purchase: The quantity measurement when purchased.
Conversion Factor: Links the unit of use to the unit of purchase, if different.
Reorder Point and Minimum Order Quantity
This helps with timely replenishment:
Reorder Point: Triggers a reorder at the minimum quantity.
Minimum Order Quantity: Sets the smallest orderable quantity of the item.
Sales Price and Pricing Strategy
Guides the sales process:
Sales Price: The price at which the item is sold.
Pricing Strategy: How the sales price is determined.
Allocation Strategy
Manages inventory allocation:
Allocation Strategy: Strategy like FIFO (First In, First Out) or FEFO (First Expired, First Out).
Calculated Fields
Useful data about inventory:
Cost: The item's cost per unit of use.
Stock Level Status: Current status of the stock level.
Amount in Stock: The current quantity in stock.
Purchase Lead Time: The days needed to receive the item after an order.
Inventory Lot
Specific details about inventory batches:
Lot Code: A unique identifier for the lot.
Barcode: An optional scanning code.
Status: Active or inactive status of the lot.
Expiration Date: The expiry date of the lot.
Location: Where the lot is stored.
Notes: Any additional notes or comments related to the lot.
Cost and Stock Level
Concerns the cost and stock levels of individual lots:
Cost: Cost per unit of use for the lot.
Stock Level Status: Current stock level of the lot.
Amount in Stock: The current quantity of the lot in stock.
Configuration and Management
You can configure and manage items and lots in the Bottleneck Manufacturing Portal to ensure precise tracking and efficient inventory management. By setting up the appropriate attributes, you'll ensure smooth operations.
Summary
The Bottleneck Manufacturing Portal provides inventory management functionality for tracking, organizing, and managing inventory items and lots. Key features include defining inventory items with name, description, status, tracking, type, and notes; managing units of use and purchase with conversion factors; setting reorder points and minimum order quantities; guiding sales with sales price and pricing strategy; managing inventory allocation with allocation strategy; calculating fields such as cost, stock level status, amount in stock, and purchase lead time; and defining inventory lots with lot code, barcode, status, expiration date, location, and notes. Configuration and management of items and lots ensure precise tracking and efficient inventory management.
Key Takeaways
The Bottleneck Manufacturing Portal offers inventory management functionality for tracking, organizing, and managing inventory items and lots.
Inventory items are defined by name, description, status, tracking, type, and notes, while inventory lots have unique identifiers, barcodes, status, expiration dates, locations, and notes.
The allocation strategy can be used to manage inventory allocation with strategies like FIFO or FEFO.
Sales can be guided with sales price and pricing strategy, which determines the price at which the item is sold.
Precise tracking and efficient inventory management can be achieved by configuring and managing items and lots in the Bottleneck Manufacturing Portal.