Inventory purchased for projects or internal use requires the ability to manage the delivery, handling and charge out of items based on your requirements. This means that the inventory has to be purchased, often with competitive bidding, and physically tracked. In addition, all related costs must be allocated to inventory, including ordering, transport, handling, and holding costs. These costs must then be assigned to the project or cost center with a markup, if required, when the inventory is drawn or delivered.

Enterprise Level Software Meeting these requirements demands a powerful and flexible enterprise system built on an advanced, scalable and robust platform.

A system where rules and processes are automated but with enough flexibility to not hinder performance.

A system where you set the rules, configure as you need and enhance as required to your additional specific requirements.

A system that can grow and change as your business requirements change.

And, a system that is connected with and responsive to your project/internal personnel, partners and others in your organization and your supply chain.

Abelisk™ for Project Inventory Costing

In buying and managing inventory destinated for projects, jobs or internal use, you need complete control over your processes ... with the flexibility to meet new requirements.

For more information, go to www.abelisksoftware.com Contract us at info@abelisksoftware.com © Abelisk Software 2016

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Purchasing Your procurement system must be nimble so that the right products are ordered from the right vendor at the right cost at the right time.

For projects, requisitions must be generated based on project requirements. For stocked items, usage aware re-orders are required.

Requests for Quotation (RFQ), if required, must be issued and analyzed with the right vendor being selected.

Purchase orders must be created, approved and issued based on requisitions, selected vendor, approved and issued. Order fulfilment must be tracked with exceptions handled. Inbound transportation needs to be arranged and scheduled. Receipts must checked, processed and stored, as required. And, vendor invoices need to be matched against the PO and receipts and paid appropriately.

This may also require the handling of product on consignment from your suppliers with the appropriate accounting when used.

Order Processing Your internal order system must provide for multiple order entry alternatives in support of project/internal requirements and personnel.

Inventory items must be priced and allocated as needed.

For more information, go to www.abelisksoftware.com Contract us at info@abelisksoftware.com © Abelisk Software 2016

Orders must be charged to the correct project/cost center by activity. Items must be picked efficiently and accurately from the optimal site at the right time. And orders must be shipped and delivered on time by the selected carrier.

Meeting the internal customer's expectation is imperative. This means delivering the right product to the right project/job/internal user at the right time. This may be as a drop ship order. Or, it may require the physical handling and storage of inventory, providing value-added services and arranging transportation.

It may also require that the orders be staged over time and place.

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Inventory/ Warehouse Management Your inventory and warehousing systems must support these requirements by handling operations efficiently with intelligence using the available resources. Inventory must be received and put away in the right locations, directed as needed.

Orders must be pulled and shipped correctly and at the right time.

And carrier selection and dock appointments must be driven based on the requirements of your operationsand available resources.

Inventory may be purchased and used in different units of measure with appropriate pricing and, possibly, in different currencies. Both owned and consignment items may need to be supported.

Non-repetitive items may need to be processed as ad hoc or non-inventory items. And all related transportation, expediting, handling, and other add-on costs need to be tracked and allocated to determine the landed cost of the inventory.

Accounting Your Accounting system must handle project/job accounting as well as financial and departmental accounting. In many cases, this requires a full Activity Based Costing (ABC) system to track revenue and expenses by activity for each project/job.

The financial reports may be required in the currency of your head office if different to your currency.

And cash-basis accounting may be required in addition to your standard accrual basis.

Vendor, carrier, project, personnel and other relevant information needs to be maintained. Billings can be directly charged to the project/user or managed through Receivables with payment transfers.

Vendor information, if required, such as contact details, pricing, shipping and other details, need to be an integral part of Payables.

For more information, go to www.abelisksoftware.com Contract us at info@abelisksoftware.com © Abelisk Software 2016

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Why Abelisk™ ? Designed and built by an experienced team, Abelisk provides the ability to change as your business changes. Web based or on-premises, it provides the functionality and connectivity you require. It is built on a powerful, easy to use platform that allows you to customize to your requirements. This then migrates as you update to the latest version of Abelisk. It provides the information demanded by all stakeholders as and when required. With over 35 years of experience, Abelisk Software is there to support you every step of the way.

Abelisk lets you run your operations your way for top performance.

Abelisk™ Features for Project Inventory Costing Powering business your way

For more information, go to www.abelisksoftware.com Contract us at info@abelisksoftware.com © Abelisk Software 2016

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Full digital solution with mobile and web access

Electronically connected to your trading partners

Easy access to critical information by management

Saas or licensed in the cloud or on premises

Flexible rules-based system

Multiple configuration alternatives

Managed approval processes

Globally supports follow-up of user tasks

Multi-currency

Multi-language

Multi-company

Inventory requirements managed as requisitions

Automatic reorders

Request for Quote processing and vendor

selection

Procurement processing

Full inventory control

Supports efficient and safe warehouse operations

Order releases by project, department and fund

Multiple order entry alternatives ...

automated, manual & electronic.

Multi-level pricing

Multiple handling levels

Location tracking

Directed put away and picking

Multiple fulfilment alternatives

Dock appointment and carrier management

Vendor interaction

Product sourcing alternatives

Tax calculation, tracking and reporting

Receivables tracking

Payables processing

Financial reporting

Project reporting

Fund reporting

Activity based costing

Business intelligence and analysis

Dashboards

Exception Reporting