Exploring Inventory Features to  Maximize Inventory Management
Benefits and Importance of Inventory management X3 Tools and Features for Inventory Control Stock parts - Set up and management Multiple Inventory Locations Inventory Valuation Mobile Inventory Control Using Reports for Better Inventory Management Options for Integration
Organized stock room(s) All parts are accounted for in X3 All transactions recorded in X3
Cut downtime with accurate inventories Minimize expedited shipping costs Optimize the on-hand level of parts Identify and leverage quantity buying power
Reduce expedited shipping costs – it is not unusual for expedited shipping on one part to exceed $500. If this happens only once every 2 weeks, that is $13,000 a year wasted on shipping. According to  Maintenance Planning, Scheduling, and Coordination  By Don Nyman and Joel Levitt, up to 25% of equipment downtime is due to lack of parts and materials on hand. Benefits You Can Realize
X3 Tools and Features
Getting to Know the Fields Needed to Activate Your Stock Inventory
Using the Parts Re-Order List
Using the Stock Requisitions
Setting Up Email Notification
 
What are the Benefits? Centralized multiple storeroom management Ability to easily share information between locations
Managing the Storeroom Locations
Parts File– What Changes?
Re-order process– What Changes? Requisitioning is installed and used for stock reordering Opportunity to verify needs before ordering Ability to transfer between locations to avoid over-purchasing
Charging to Work Orders– What Changes? Must select source storeroom location for charge out
Standard Default value method in X3 Values each part at its last cost, regardless of history Current On Hand x Current Item Cost = Total Value
FIFO  - “First In, First Out” The items brought into the inventory first are the first items to be charged out  Gives a better indication of the ending inventory value if the items are rotated Beneficial because it minimizes the accounting cost of  parts charges  in a given time period.
LIFO – “Last In, First Out” The items brought into the inventory most recently are the first items to be charged out Better indication of ending inventory if the items are not rotated Beneficial because it minimizes the accounting cost of  parts on hand  in a given time period.
LIFO or FIFO can be activated in any inventory.  Contact support for more information.
What changes in the Charge-out Process? Items are assigned a LIFO or FIFO quantity Based on the method chosen, charges are deducted from either the top or the bottom of the history
History View:
Charge to Work Order:
History View After Charge:
How do find the total value of the inventory?
eMaint MX Online eMaint MX Batch
Reporting Options
Count Sheets / Cycle Counts Parts Issued > 5 times in the last 12 months Printing Reports with Associated Bar Codes Slow Movers Report (items with low usage) Problem Children Report
 
 
Interfacing between applications can be as simple as importing data from one application to another or as complex as real-time data processing between applications.  Every integration project is defined according to the individual functional requirements of each customer. eMaint can develop the functional and technical specification for the project, or design the interface based on your specs.
New Mather Metals Integrated VISUAL Manufacturing® Purchase Order Process with eMaint X3 in June 2007 Communication between X3 and VISUAL includes Purchase Orders and Maintenance Contacts  Completely behind the scenes; no user action required

Inventory Management

  • 1.
    Exploring Inventory Featuresto Maximize Inventory Management
  • 2.
    Benefits and Importanceof Inventory management X3 Tools and Features for Inventory Control Stock parts - Set up and management Multiple Inventory Locations Inventory Valuation Mobile Inventory Control Using Reports for Better Inventory Management Options for Integration
  • 3.
    Organized stock room(s)All parts are accounted for in X3 All transactions recorded in X3
  • 4.
    Cut downtime withaccurate inventories Minimize expedited shipping costs Optimize the on-hand level of parts Identify and leverage quantity buying power
  • 5.
    Reduce expedited shippingcosts – it is not unusual for expedited shipping on one part to exceed $500. If this happens only once every 2 weeks, that is $13,000 a year wasted on shipping. According to Maintenance Planning, Scheduling, and Coordination  By Don Nyman and Joel Levitt, up to 25% of equipment downtime is due to lack of parts and materials on hand. Benefits You Can Realize
  • 6.
    X3 Tools andFeatures
  • 7.
    Getting to Knowthe Fields Needed to Activate Your Stock Inventory
  • 8.
    Using the PartsRe-Order List
  • 9.
    Using the StockRequisitions
  • 10.
    Setting Up EmailNotification
  • 11.
  • 12.
    What are theBenefits? Centralized multiple storeroom management Ability to easily share information between locations
  • 13.
  • 14.
  • 15.
    Re-order process– WhatChanges? Requisitioning is installed and used for stock reordering Opportunity to verify needs before ordering Ability to transfer between locations to avoid over-purchasing
  • 16.
    Charging to WorkOrders– What Changes? Must select source storeroom location for charge out
  • 17.
    Standard Default valuemethod in X3 Values each part at its last cost, regardless of history Current On Hand x Current Item Cost = Total Value
  • 18.
    FIFO -“First In, First Out” The items brought into the inventory first are the first items to be charged out Gives a better indication of the ending inventory value if the items are rotated Beneficial because it minimizes the accounting cost of parts charges in a given time period.
  • 19.
    LIFO – “LastIn, First Out” The items brought into the inventory most recently are the first items to be charged out Better indication of ending inventory if the items are not rotated Beneficial because it minimizes the accounting cost of parts on hand in a given time period.
  • 20.
    LIFO or FIFOcan be activated in any inventory. Contact support for more information.
  • 21.
    What changes inthe Charge-out Process? Items are assigned a LIFO or FIFO quantity Based on the method chosen, charges are deducted from either the top or the bottom of the history
  • 22.
  • 23.
  • 24.
  • 25.
    How do findthe total value of the inventory?
  • 26.
    eMaint MX OnlineeMaint MX Batch
  • 27.
  • 28.
    Count Sheets /Cycle Counts Parts Issued > 5 times in the last 12 months Printing Reports with Associated Bar Codes Slow Movers Report (items with low usage) Problem Children Report
  • 29.
  • 30.
  • 31.
    Interfacing between applicationscan be as simple as importing data from one application to another or as complex as real-time data processing between applications. Every integration project is defined according to the individual functional requirements of each customer. eMaint can develop the functional and technical specification for the project, or design the interface based on your specs.
  • 32.
    New Mather MetalsIntegrated VISUAL Manufacturing® Purchase Order Process with eMaint X3 in June 2007 Communication between X3 and VISUAL includes Purchase Orders and Maintenance Contacts Completely behind the scenes; no user action required