Inventory
  • 23 Jul 2024
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Inventory

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Article summary

This article is an Overview of Inventory

For more specifics in each area and setting up inventory use the following link:https://help.cenpoint.com/v1/docs/en/set-up-inventory

Inventory on Desktop

Set up inventory in CenPoint by going to File-> List Management-> Inventory

You first may want to set up Parts Categories, Manufacturers, Vendors, and Warehouses.

Parts Categories

Set up your Parts Categories by going to File-> List Management-> Inventory-> Parts Categories

Add New or Modify a Category. Then under that category add subcategories.


Manufacturers

Set up your Manufacturers  by going to File-> List Management-> Inventory-> Manufacturers

Add New or Modify a Manufacturer.


Vendors

Set up your Vendors  by going to File-> List Management-> Inventory-> Vendors

Add New or Modify a Vendor.


Mark a vendor as 1-Off/Other, by clicking the radio button.

Then find 1-Off/Other vendors by sorting by category. 


Warehouses

Set up your Warehouses  by going to File-> List Management-> Inventory-> Warehouses

Add New or Modify a Warehouse.


Parts  

Now that you have the basics covered, it's time to set up Parts by going to File->List Management-> Inventory->Parts

Add New or Modify an existing Part

Use the following link for more information on setting up parts, creating P.O.'s and Inventory:

Parts, PO, Inventory

Inventory on Portal

Vendors

More -> List Management -> Vendors


Use the Filter section to find your list easily. To add a new vendor, click on Plus Button.


Fill out all the information.

There is a history button at the end that will go to "View Bills" or "View Bill Payments"


Warehouses

You can either modify or delete by clicking on the ellipsis. To add a new warehouse, click on Plus Button


Write the name of the warehouse and select which brand it should be in.

FAQ:

Q:The price for a new part is not right.

A:CenPoint uses FIFO( First In First Out)

First in First out is how CenPoint uses the inventory costs because the cost may have changed over time when buying the part.

Example: You bought a part for $10.00 and you bought 10 of them , then you re-bought another 10 of that same part but the cost is now $15.00, 

CenPoint will not use the $15.00 price until the first 10 at $10.00 are consumed from the inventory.

If you need to use the new price, you can Adjust the quantity on hand to Zero then add the new parts or consume the parts internally.


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