DEXTERITY WMS STOCK MANAGEMENT
BILL OF MATERIALS AND KITTING
A Bill of Materials (BOM), is a list of components or ingredients put together to produce a finished product, which usually make up a stock item itself to be put into stock in the warehouse. Once a Bill of Materials is created, it can be used as a template for creating Works Order and BOM recipes can be amended within Dexterity, if required, and each Bill of Materials has a version associated with it and a version history of the Bill of Materials can be viewed, to identify changes to the recipe and when they were implemented.
Works orders are created in order to convert component stock to finished product. Works orders manage the process of picking components, recording the waste and the consumption of raw materials, and ultimately building (or discovering) finished products.
Allocating stock is the means of reserving / ring-fencing free inventory within the warehouse to be utilised during specific operations, which could be for products that are used as part of a kit or Stock allocations are a critical step in ensuring that operations can be completed in a timely manner and prevent occurrences of orders being part completed and therefore improve operational efficiencies. When you allocate stock, the available inventory quantities may reduce but the total stock quantities do not reduce until the relevant process has used the stock.
Stock Transfer Orders can be used to move stock from one warehouse to another. Transfer Orders allow you to automate the moving of stock, ensuring that activities can be tracked and a full record of the movements kept on the system. Stock needs to be allocated to check that it is not reserved for other orders. Once the stock has been transferred, it is removed from inventory but can be viewed using the "Inventory In Transit" report before then being received at the receiving warehouse.
The Stock Counting feature within Dexterity WMS enables users to record inventory counts and make adjustments to the inventory levels where variances are found, following stock takes or queries. The Stock Count process is a "live" count meaning that variances are tracked in real time, as opposed to fixing the count quantity. This allows users to continue trading whilst a Stock Count is underway, eliminating the need to stop trading in order to complete the monthly stock take. Any variances are reviewed and then approved in real-time.
When managing inventory within Dexterity, stock must be assigned a Quality Control Status. This QC Status can be used to identify stock as either "Free Stock" or "Hold Stock". When stock is placed on "Hold", it is still visible within Dexterity and therefore manageable, however it may not be used in the Sales Order Pick Process or Works Order Pick processes. Stock placed on QC Hold can still be allocated within Dexterity as QC Hold statuses may be used for a range of activities such as "Pending Approval" etc. When stock is identified as "Free", it is free to use in any manner required.