Manufacturing Inventory Control Software

Other Systems Track Inventory. MISys Helps You Control It.

Knowing how much inventory you have is only the beginning.

Manufacturers need to know what materials are available, what is committed to production, what is already in work in process, what is on order, what is running short and what should be purchased next.

MISys Manufacturing gives you detailed control of raw materials, components, work in process and finished goods while connecting inventory directly to purchasing and production.

Carry less inventory. Reduce shortages. Free up cash. Keep production moving.

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Inventory Is an Asset Until Too Much of It Becomes a Liability

Inventory ties up cash long before the finished product generates revenue.

Too much inventory increases carrying costs and consumes working capital. Too little inventory creates shortages, expediting and production delays.

MISys helps manufacturers find the balance by connecting inventory requirements with purchasing, production activity, lead times and future demand.

Reduce Excess Inventory

Use stocking levels, reorder points, purchasing requirements and production demand to avoid buying material simply because someone thinks you might need it.

Prevent Material Shortages

See what is available, what is already committed, what is coming in and what future production will require so shortages can be addressed before they interrupt production.

Improve Cash Flow

Better inventory decisions can reduce the amount of cash sitting on shelves while still maintaining the materials required to keep production moving.

One Manufacturer Cut Inventory From $800,000 to $400,000

A Texas manufacturer reduced inventory levels from approximately $800,000 to $400,000 within 14 months of implementing MISys Manufacturing.

The reduction released working capital that could be used elsewhere in the business while helping the company improve production management and gross profit margin.

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Know What You Have, Where It Is and What It Is Needed For

MISys provides detailed stock information for manufacturing inventory across multiple locations.

View quantities on hand
See inventory reserved or committed to production
Track work in process
See quantities currently on purchase orders
Review outstanding production and purchasing activity
Track inventory across multiple stocking locations
Review detailed transaction history
See where materials are used within bills of material

Control Raw Materials and Work in Process

Accounting inventory systems are usually designed around items that are bought and sold.

Manufacturing inventory is different.

Raw materials become components. Components become subassemblies. Subassemblies become finished goods. Material can spend days or weeks in work in process before it becomes something that can be sold.

MISys maintains the manufacturing detail needed to understand inventory throughout that process.

Raw Material Inventory

Maintain detailed quantities, costs, stocking locations, suppliers and purchasing information for the materials used in production.

Work in Process

See material and value that has entered production but has not yet become finished inventory.

Finished Goods

Track completed manufacturing activity and transfer the appropriate inventory and financial information to your accounting system.

Know When It Is Time to Buy

Purchasing should be driven by actual manufacturing requirements, not guesswork.

MISys helps manufacturers determine what needs to be purchased by looking at inventory levels together with production requirements and other supply information.

Maintain minimum inventory levels
Maintain maximum inventory levels
Define reorder points
Associate multiple qualified suppliers with an item
Maintain supplier and manufacturer information
Review purchase order status
Use material planning to identify future shortages

With Advanced Purchasing and Material Requirements Planning, MISys can go further by analyzing shortages and helping create the purchase orders required to replenish inventory.

See the True Value of Manufacturing Inventory

Inventory value is more complicated in manufacturing than simply multiplying quantity by the last purchase price.

MISys maintains detailed manufacturing costs so you can understand the value of material throughout the production process.

Standard cost
Average cost
Recent cost
FIFO
LIFO
Last supplier cost
Inventory on hand
Inventory in reserve
Work in process
Inventory on order

Standard costs can be rolled through bills of material and inventory can be revalued as costs change.

Find the Inventory Information You Need Quickly

Inventory questions should not require a spreadsheet investigation.

MISys gives manufacturing teams access to detailed information about individual items and their history.

View stock status instantly
Review quantity and cost history
See outstanding order status
View where-used information
Review item transaction history
Attach notes, documents and images to inventory records
Track inventory at multiple locations
Control fractional quantities and costing precision

Improve Inventory Accuracy

Accurate inventory is the foundation of production planning and purchasing.

If the system says material exists when it does not, purchasing and production plans become unreliable.

MISys provides manufacturing inventory tools designed to help maintain accurate stock quantities and detailed transaction history throughout manufacturing operations.

Watch Manufacturing Inventory Control in MISys

See how MISys manages manufacturing inventory and gives you visibility into raw materials, work in process and production requirements.

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Works With the Accounting Software You Already Use

MISys Manufacturing integrates with:

Keep Your Accounting Software. Add the Manufacturing Control It Is Missing.

Continue using QuickBooks or Sage for customers, sales, accounts receivable, accounts payable and your general ledger.

Use MISys Manufacturing to manage the manufacturing side of inventory including raw materials, bills of material, work in process, purchasing and production.

MISys maintains detailed manufacturing records and transfers the appropriate financial information to your accounting system, helping eliminate duplicate entry while maintaining an auditable connection between manufacturing and accounting.

Is MISys Inventory Control Right for Your Business?

MISys is designed for small and mid-sized manufacturers that need more inventory control than accounting software or simple inventory applications can provide.

It may be a good fit if:

You have too much cash tied up in inventory
You still experience material shortages despite carrying significant stock
You need better visibility into raw materials and work in process
Purchasing is based heavily on spreadsheets or experience
Your accounting system cannot see what is happening inside production
You need inventory information across multiple stocking locations
You want manufacturing and accounting to remain connected without replacing your accounting system