Have you outgrown your current stock system, or is it restricting your growth and stopping you being able to meet customer demand? Do you know the precise location of your stock and it’s value? Or perhaps your legacy stock management system isn’t integrated with purchasing and manufacturing leading to inaccurate decision making and cash flow issues.
The Stocktake application available in Opera 3 gives you a precise overview of your stock. It integrates with purchasing and manufacturing so accurate decisions can be made, and helps you meet customer demand and delivery dates for optimum customer service. The Landed Costs functionality helps you track the true cost of your stock so you can set an appropriate selling price and achieve good profit margins.
Paul Trotter, Limelight Entertainment
Stock takes are an essential part of maintaining the accuracy of a stock control system. Knowing that your stock levels are accurate means that you can take sales orders from your customers, confident that your delivery dates will be met. It also means that your stock holding accurately reflects your requirements so your purchasing and manufacturing decisions are made based on your actual stock positions. This reduces the need to hold expensive excess stock, improving cash flow and potentially reducing insurance cover.
Opera 3 offers a Stocktake application that closely integrates with Opera 3 Stock Control to extract product information so that it can be used for a stock take.
Multiple worksheets can be generated and therefore multiple counts of the same stock item can be performed. This can be particularly useful where the stock may be of high value or where the stock level needs to be particularly accurate. Each count can be recorded back into the Stocktake application, with discrepancies between the counts highlighted and resolved.
Stocktake Profiles can be defined that assign common attributes to determine how stock items are processed in Stocktake. It’s possible, for instance, to define acceptable tolerance percentages where actual quantities found during a stock take can be different to the quantities held in Opera 3, but if they fall within those tolerance levels, a balancing stock adjustment will not be made. It’s also possible to define the frequency that certain categories of stock should be counted, or indeed, if some stock should not be counted at all.
Opera 3 Stocktake works with all types of stock in Opera 3: serial traceable, batch traceable and non-traceable items.
If an operator discovers a new batch or serial number item that is not recorded in the Stock Control application, then it is possible to add this to the Stocktake worksheet. When the stocktake is posted back to Opera 3 then these new quantities and serial numbers will be added to the Stock records.
Each stock item that has a different physical quantity compared to that held in Opera 3 Stock Control will generate a stock adjustment posting, bringing the Opera 3 stock levels up to date. This could result in either a reduction or an increase in stock levels.
Stocktake for Opera 3 eliminates the need to post adjustments individually, which is time-consuming, and helps maintain stock levels accurately. By identifying any movements not accounted for by normal processing, it helps to pinpoint the rate of loss, the cost implications and any discrepancies which, for example, could be a direct result of damaged goods.
Stocktake extracts product information from Opera 3, so that stock items can be allocated to worksheets for a manual count. See it in action!