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Following are the Inventory features and benefits of IQ reseller (click here for a comparison showing how these features compare to popular accounting applications) :
Reseller Inventory Management
- Serialized inventory assets. IQ reseller handles serialized inventory more effectively for IT resellers compared to other inventory systems regardless of price. Unique item by item individual serialized assets give you 100% control over each item for reports, notes, recording attributes, condition and actual cost instead of average cost for sale profit margin based commission reporting.
- Condition code field for each serialized asset. The same sku number could be sold New sealed box (NEW), Refurbished (REF), Bulk packed (BULK), New open box (NOB) or in other conditions. Many resellers of new distribution product are marketing NOB or remanufactured product. Your warehouse will know the condition each asset should arrive in the receive screen. If a NEW product comes in NOB, that can be noted and a report can be emailed back to the supplier for settlement purposes.
- Attribute menu field templates visible and reportable for each asset. Attribute field menus let you know how many units you have by attribute. For example: An inquiry might be how many laptops do you have with 1.2 GHz, to 1.8 GHz ,512MB to 1 GB, CDRW, and 1.44 Floppy. Attributes work well for any machine that you want more information on but do not want to track each feature part number. Printer interface types, for example could be USB, Serial, Parallel interface.
- Move cost from "parent" asset to removed "child" asset. Eg. A $3200 Cisco 6500 Chassis power supply is removed, transfer $160 to power supply in seconds. Easy accounting, controlled by user access for the part being removed allows you to depreciate machine cost as parts are being removed. In addition the correct cost of goods is posted to the sale for net margin commission report accuracy as well. With IQ reseller you will not be left with machines or assemblies that are “cannibalized” without knowing what you have or worse yet having the full value on an asset which is now worthless.
- Part removal from asset with automated reporting in 10 seconds. When part is removed, notes are stamped for that serialized parent item what part was removed and when by who and at what cost. This protected audit trail keeps track of the inventory without manual effort. When reselling machine you will know exactly what is missing.
- Substitutes, Alias’s, and Upgrade substitutes in one click. Key to increasing inventory turnover is to know what substitutes and alternates you have in stock that you can ship both within and across manufacturers. IQ reseller has sophisticated substitute technology as part of the inventory engine. Effective substitute item information is available to sales within seconds showing you sub quantity, cost, by condition code. Query one part and see the full range of parts you could supply.
- Auto cross populate subs. Intelligent logic automatically cross populate subs to all the other subs in that group. Some systems let you associate a sub to a part number but if you have more than one sub you must re-enter that association in each of the other part numbers you associated with it. That could easily be 10 or more re-entry points of the same information to keep the database correct, an impossible task! IT resellers are working at 100% capacity so IQ reseller lets you focus on selling instead of data re-entry.
- One way substitutes for upgrades. For times when a higher level substitute can be used in place of a “lower level substitute but not vice versa the “one way” option lets you know you can ship this “up level” revision board in place of a “lower level” revision board but not vice versa.
- Notes for each item. Eg. Cracked face plate, dented, noisy; notes allow you to account for various conditions important to the buyer. A cracked face plate might be insignificant to a particular buyer that just cares about functionality. Notes let you know without calling the warehouse or walking back to look around.
- Flexible Bill of Materials, (BOM) parts list templates. Two clicks from a sales item lookup is the Bill of Materials which interfaces with inventory and tells you how many complete machines or assemblies you can build and what parts you are short.
- Breakdown automation based on BOM templates. Quickly break a machine or assembly into parts and have a pre-set percentage cost distribution from the Parent item to the parts. Amounts distributed can be changed on-the-fly during the breakdown to correspond with market values.
- Add, remove parts during breakdown. Flexible BOM templates let you add or subtract parts and features on-the-fly in the middle of a buildup or breakdown. A server could have many features, add-ons, or 3rd party products in that need to be accounted for without the rigidity of a fixed BOM template.
- "Where Used" Tab. Displays what machines contain requested part and how many you have.
- Character string search finds any item without knowing part number. Searches description part number and category to find items that match that character string.
- 24/7 live inventory link with BrokerBin. Maxlist expands your listings to include substitutes for the parts you own. Eliminate manual Excel manipulation to update your listings to BrokerBin and other online hardware exchanges. In addition IQ resellerMaxlist Technology provides listing features you cannot obtain with manual effort. PDF and hyperlink to Maxlist.
Continue to see Sales & Purchasing features and benefits ->.
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