Inventory & Asset/Equipment Management Overview

Inventory Management:

  • Tracking, searching and displaying inventory stocks
  • Recording inventory stock cycle counting
  • Managing inventory stock In and Out activities
  • Use a serial number or lot number to search and display a stock's life cycle
  • Scan Barcode or QR Code to search for an inventory using LogixPath Mobile App
  • Display inventory stock in, out, counting activities in the chronicle order and the resulting stock count
  • Capable of defining multi-locations per inventory
  • Providing stock level warning when it is below the user defined threshold
  • Enable user to define multiple sets of stock management parameters per product
  • Plotting inventory level over a time period

Asset & Equipment Management:

  • Asset management module manages various types of assets including machines, buildings, electronics, etc.
  • An asset element defines an asset's main attributes, such as tracking codes, serial number, and acquiring information, and its depreciation information.
  • Assets can be categorized by Asset Category and SubCategory. Asset categories and subcategories can be defined per site.
  • Asset/Equipment Service module records all services, including maintenance, repairing, inspection, and upgrades. A service can be associated to one or more serviced assets. Each service can contain 0, 1, or more service tasks with costs information associated.
  • The service contract module manages service contracts associated to servicing assets/equipments. One service contract is associated to one or more serviced assets. One service may be covered by one or more service contracts.

Functionality Highlights

Stock Master Data vs. Inventory

Stock Master Data: Stock Master Data defines the characteristics of an inventory, such as Product, physical good dimension/size, Inventory Level Thresholds Parameters, Shelf Life Span and expiration warning level settings.

Inventory: Inventories are actual physical stocks stored in one or multiple locations. Their functionalities can be:

  • Used to produce products, such as raw materials, parts, and work-in-process items.
  • Used to support production and operation activities, such as used for equipment maintenance and repairing, and operating supplies.
  • Used to perform customer services, such as post-sales product services and spare parts sales.

One product can have multiple inventories for the different purpose, such as parts for producing new products or parts for repairing existing products.

Inventory Activities Tracking

For each inventory, you can record and track stock move in and out activities and perform the stock cycle counting. The system displays all these activities according to timeline. For each activity, it displays stock in/out quantity and the result stock quantity balance in the inventory. The system also plot the inventory level along the timeline based on these activities.

Multiple Inventory Locations

Each inventory can have one or more locations. The inventory move in/out, counting, and stock level plotting supports multi-location inventory.

Inventory level

System calculates current inventory level based on the Inventory In/Out/Count activities. Each inventory counting resets the inventory level to that quantity. System dynamically calculates and plots inventory level over timeline diagram for a particular inventory.

Sample Screen Shots

Inventory Management

Inventory Move Activities and Cycle Counting