How to Get Your Inventory Under Control with PMXpert

Is your inventory disorganized and out of control? Do you have way too many of one item, but are always scrambling to buy another at the last minute?

You should be keeping track of your inventory – it is an extremely important part of running a good business. By recording suppliers’ past prices, you can purchase more efficiently and avoid excess price increases. Your inventory items will always be current, and won’t go to waste.

If you need help organizing your inventory, PMXpert has the tools you need.

First, ensure that all of your inventory items are entered in the Inventory screen, and if they are not, add them now. You don’t need to add a quantity or cost just yet. When all the items are recorded, print the “Inventory Worksheet” report, a handy chart listing all of your inventory items with blank spaces for Stock and Cost.

Now, head out to the shelves and count up your inventory, recording the last cost for each. NOTE: You should either do a stock count on a day when no one will be accessing the inventory, or only do a small batch of items at a time when they won’t be used. Otherwise, you risk having your count becoming inaccurate before you have a chance to enter it in PMXpert.

When you’re done, return to the Inventory screen and click on the Adjustments tab. If this is the first time you have ever created your inventory, you will create an Initial Adjustment. If this is not the first adjustment, you will create a Stock and/or Cost Adjustment. Retrieve the inventory you want to adjust, and enter the correct numbers. After you post the numbers, your inventory for the selected parts/fluids will be set.

For more detailed instructions about adjusting your inventory, carefully review Chapter 4: Inventory in the PMXpert User Manual.



Content by PMXpert Software