Compass Inventory includes major tools to control all of your product and service offerings. With Compass Inventory, you’ll effortlessly control all of your offerings and know the status of each at all times. Organize offerings into logical groupings that are relevant to your business: branch, location, categories, subcategories.
Both products and services offer multiple pricing models – giving you unlimited flexibility in creating special pricing for customers without having to define pricing for each and every customer. With Alternate Pricing management, create optional contract or promotional pricing for a customer or group of customers for a date range.
All product offerings are defined by an ID, Stock Keeping Unit (SKU), Universal Product Code (UPC), name, description, multi-level pricing, and multiple inventory locations. Optionally track products by Lot Number or Serial Number.
All relevant inventory stock metrics are tracked: On-Hand, On-Order, Backordered, and Available. With Compass Inventory know stock metrics down to the Lot Number or individual Serial Number. Shipping information, including package dimensions, weight, shipping charges, and handling fees, can be optionally entered.
Control planning as-well-as stock levels. Through Material Requirements Planning, define replenishing rules and lead-times that are used to automatically calculate product quantities that are required to satisfy customer orders, backorders, and stock levels.
Purchase Order and Supplier management is just as powerful. Assign multiple suppliers to each product, including part numbers and purchasing history. Manually create Purchase Orders or automatically generate them from required inventory quantities identified through Material Requirements Planning.
Compass Inventory is modern. Compass Inventory automates the tedious tasks, providing you with the time to focus on important inventory control activities.
Know the value of your inventory at any time through real-time cost tracking. Standard Costs, Average Inventory Costs, and Actual Costs are linked to each and every product.
Compass Inventory can easily track thousands of products and services with thousands of transactions day-in and day-out. The system automatically records all critical information and quickly recalls it at any time: offering information, inventory transactions, costs, suppliers, purchases, sales, and history are logically organized instantly available. Create user-defined data elements, called Properties, to further organize product and service attributes.
Fully integrated with Compass Accounting, Compass Customer Service, Compass Fulfillment, Compass Web StoreFront, and the Compass Operations Management System, Compass Inventory unites the information generated by sales, fulfillment, and accounting activities.
Getting started with Essent is easy. Contact us today to begin the process. An Essent Operations Management Consultant will work with you, at no cost, to begin the process of developing a solution tailored to your organization’s exact needs and budget.
Essent is the leading provider of fully-integrated business management software solutions and services for process-intensive industries and the largest trading network for the promotional products industry. The Essent family of fully-integrated products and services combines best practices, business processes, software automation, and network communications to deliver unparalleled, unified business management solutions. Since 1980, Essent has offered the systems, service, software, and support critical to success in today's highly-competitive marketplace.