Inventory & Materials · 26 features
Know what you have before you run out.
Twenty-six Inventory and Materials features - warehouse management, barcode and RFID, lot and serial traceability, cycle counting, and ABC/XYZ classification - wired to three predictive engines that forecast stockouts, optimize turnover, and recalculate safety stock before a shortage ever stalls the line.
The challenge
- !On-hand counts in the system never match what's actually on the shelf, so planners hedge with excess stock
- !Stockouts surface only when a job hits a missing part - too late to expedite without breaking schedule
- !Lot and serial history lives across paper and spreadsheets, turning a recall or trace into a multi-day scramble
- !Dead and slow-moving stock ties up cash because nothing flags it until the annual write-off
- !Reorder points are set once and never revisited, so safety stock is wrong the moment demand shifts
What it does
- ✓SKU management with FIFO, LIFO, and weighted-average costing, configurable per item
- ✓Stock movements for receipts, issues, and adjustments - every IN, OUT, and ADJUSTMENT carried on a full audit trail
- ✓Lot and serial traceability from receipt to ship, so any unit can be traced forward and backward in seconds
- ✓Cycle counting with scheduling, blind counts, and variance reconciliation that keeps perpetual inventory accurate without a full shutdown
- ✓Barcode and RFID scanning for every operation - receiving, putaway, picking, moves, and counts
- ✓ABC and XYZ analysis for classification, with automatic dead-stock identification
- ✓Stockout Prediction, Turnover AI, and automated Safety Stock engines that forecast shortages and recompute reorder points as demand moves
Inside the module
Every capability, included.
The intelligence
Three engines that keep stock honest.
Stockout Prediction
Reads consumption, open demand, and lead times to flag the parts about to run short - early enough to expedite before a job stalls on the floor.
Turnover AI
Watches inventory velocity item by item, surfacing slow movers and dead stock so working capital isn't frozen on shelves nobody is pulling from.
Safety Stock
Recalculates reorder points and safety stock as demand and variability shift, so buffers stay right instead of being set once and forgotten.
Traceability
Every unit, receipt to ship.
Lot and serial records follow material from the receiving dock through inspection, stock, kitting, and out the door - so a recall, a trace, or an audit pull is a query, not a paper chase.
Genealogy that links every serial and lot back to its supplier, receipt, and inspection result
Quarantine and hold that segregates nonconforming or controlled material automatically
Expiration and shelf-life control that pulls aging lots before they ship
Accuracy
Counts you can trust.
Barcode and RFID scanning on every move keeps the perpetual record live, and scheduled cycle counts with variance reconciliation close the gap between the system and the shelf without a plant-wide shutdown.
Blind cycle counts scheduled by ABC class so high-value items are checked most often
Full audit trail on every IN, OUT, and ADJUSTMENT for clean financial reconciliation
FIFO, LIFO, or weighted-average costing applied per item for accurate inventory valuation
Connected across the platform
One source of truth.
Purchasing
MRP procurement and reorder signals fire straight from inventory, so a falling on-hand or a kit shortage opens the right purchase requisition without a planner re-keying it.
Quality / QMS
Receipts pass through an inspection gate and disposition syncs back to stock, so only approved-supplier, passed lots become available-to-promise - and held material is quarantined automatically.
Shipping
Material allocation and available-to-promise share one balance with shipping, so what's committed to an order can't be double-promised and kit shortages alert before pick.
Standards & compliance
Built in, not bolted on.
FAQ
Questions, answered.
How does Cortrova predict a stockout before it happens?
The Stockout Prediction engine continuously reads consumption rates, open demand and allocations, and supplier lead times against your on-hand balance. When a part is trending toward a shortage inside its lead time, it flags the item early - giving planners room to expedite or re-source before a job ever stalls for material.
What lot and serial traceability does Inventory provide?
Every unit carries lot and serial history from receipt to ship. Records link each serial or lot back to its supplier, receipt, and inspection result, and forward to the orders it shipped on - so a recall, a customer trace, or an AS9100 or 21 CFR Part 11 audit pull is a query that returns in seconds rather than a multi-day reconstruction.
Which costing methods are supported?
Inventory supports FIFO, LIFO, and weighted-average costing, configurable per item. Combined with the full audit trail on every stock movement, that gives finance a clean, defensible valuation and reconciliation without a separate costing tool.
How does cycle counting keep perpetual inventory accurate?
Counts are scheduled - typically by ABC class so your highest-value and fastest-moving items are checked most often - and run as blind counts against barcode or RFID scans. Variances are reconciled with a documented adjustment on the audit trail, so the perpetual record stays accurate without shutting the plant down for a full physical.
How does Inventory connect to purchasing, quality, and shipping?
It shares one balance with the rest of the platform. Falling on-hand and kit shortages trigger MRP procurement in Purchasing; receipts pass a Quality inspection gate before becoming available; and material allocation and available-to-promise are reconciled with Shipping so the same unit is never promised twice.
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