Name: Spare Parts Inventory
Price: 1060 USD
Author: Tecnica Aplicada Internacional

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The Spare Parts Inventory by MP version 10 is a software solution aimed at streamlining the management of spare parts inventory. According to the vendor, this solution caters to small to large companies in various industries, including maintenance, inventory, warehouse, facilities, and manufacturing. It offers a range of features that can assist professionals such as maintenance managers, inventory managers, and warehouse managers in efficiently managing their spare parts inventory.

## Key Features

**Complete documentation of spare parts**: According to the vendor, this feature allows users to enhance spare parts information by adding images, attachments, and specifications, ensuring comprehensive documentation.

**Multi-warehouses**: The vendor claims that this feature enables the efficient management of multiple warehouses for companies with products located in different locations. Users can easily transfer between warehouses, check stock, and value inventory on a per-warehouse or consolidated basis.

**Warehouse comparison**: According to the vendor, this feature provides users with the ability to compare and analyze relevant information from different warehouses on a grid. Users can gain insights into spare parts stock, costs, movements, and locations across warehouses.

**Stock control by warehouse**: The vendor states that this feature allows users to keep track of spare parts and consumables by warehouse or in a consolidated manner, ensuring accurate stock control.

**User management by warehouse**: According to the vendor, this feature enables users to manage user permissions, providing secure access to warehouse-specific information.

**Tool for taking physical inventory**: The vendor claims that this feature simplifies physical inventory surveys by facilitating online or offline surveys. Users can make necessary adjustments to stock based on the differences between physical inventory and registered stocks.

**Inventory valuation**: According to the vendor, this feature allows users to value inventory using various methods such as LIFO, FIFO, Monetary or replacement price, or Weighted average, enabling accurate valuation of spare parts inventory.

**Movements of inputs and outputs of spare parts**: The vendor states that this feature enables users to track the entry and exit of spare parts through foliated documents, making it easy to trace and consult consecutive folio numbers for each document.

**Graphic indicator of coverage**: According to the vendor, this feature allows users to visualize months of coverage for each product and calculate coverage based on stock and rotation of spare parts assigned to maintenance activities, ensuring efficient inventory management.

**Management of equivalent brands for the same product**: The vendor claims that this feature enables users to effectively manage multiple brands and equivalent barcodes for the same product in the inventory control system, simplifying inventory management and categorization.

**Stock alert below minimum level**: According to the vendor, this feature provides users with alerts for products that are out of stock or have stocks below the minimum level, enabling timely replenishment and avoiding stockouts.

**Supply alerts**: The vendor states that this feature allows users to configure alerts for resources that require provisioning, ensuring stocks are maintained at appropriate levels for each warehouse.

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Alert Rental Software in Colorado Springs boasts installation and successful operation in hundreds of the world’s best-automated construction, general tool, and event equipment rental companies, writing millions of rental contracts annually.  Alert is a rental software provider, doing business throughout North America, the Caribbean, and several other countries.

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Spare Parts Inventory

Inventory management systems are built to handle every stage of the inventory process lifecycle. There are several essential components to most inventory management solutions, starting with order entry capabilities to handle purchase automation. Another standard feature: inventory control and warehouse management to track products and manage workflows through warehouse management. Inventory management systems also typically include distribution capabilities for supply chain management. Fully-featured inventory management systems may also include integrations with customer lifecycle service management, enterprise resource planning software, and robust financial analysis and insights.

Inventory Management

Tecnica Aplicada Internacional

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Serial number and batch tracking

Track individual items via serial number or batches of items made or purchased at the same time in addition to total stock of item types.

Barcode scanning

The software offers UPC creation and scanning capabilities or integrations for tracking inventory.

Automation rules

Rules can be established to automate reordering items, applying tags to organize inventory, creating production orders, shipping items via specific carriers or methods, and more.

Reporting and analytics

Reports about historic and current inventory and order trends are available.

Fulfillment

When orders are received, pick orders are sent to the ideal location and fulfillment status can be tracked.

Backorder management

Backorders are prioritized and fulfilled as new stock arrives.

Returns management

Returns are processed and accounted for among orders and inventory.

Bill of materials management

The software can create and manage BOMs based on orders.

Item kitting

Items can be bundled and sold together in a kit, and the software will automate the necessary tracking and fulfillment steps to manage each individual item.

Invoicing

Invoices for orders can be created and sent, and invoices from suppliers can be managed.

Forecasting

The software predicts future inventory and order trends, and may offer reordering and production suggestions based on these predictions.

Accounting integration

The software integrates with accounting software for more comprehensive bookkeeping.

Point of sale integration

The software integrates with a point of sale system for payment processing.

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Spare Parts Inventory

Overview

What is Spare Parts Inventory?