Accolent ERP has embedded AWS Quick (“Quick”), which is AWS’ Agentic AI offering. Quick is an AI solution that offers chat agents, workflows and dashboards and visualizations using LLMs (Large Language Models) running in AWS Bedrock and called from a customer workspace. The customer workspace can access various data sources, such as your Accolent ERP […]
Category: Inventory Replenishment
Average Cost Rules
Accolent ERP uses Average Cost as the method of accounting for all capitalized transaction costs for each inventory product. The Average Cost of a product reflects the cumulative cost of that product divided by the ending quantity of the product. Transactions that involve a product will update the product’s ending quantity and Average Cost, which […]
Using Incoterms
Accolent ERP allows users to select from the 11 Incoterms® (International Commercial Terms), published by the International Chamber of Commerce and accepted by governments and legal authorities around the world. Using the Incoterms table, users can modify the standard incoterms to reflect other negotiated trade terms, if desired. Creating the Incoterms Table Go to Settings […]
Prepaying a Purchase Order
The typical PO flow in Accolent ERP is to create and submit a PO, receive the PO, then create a voucher tied to the PO and PO receipt(s) and then to pay the vendor. Sometimes, this flow could be reversed. For example, a PO could be shipped FOB with the recipient taking ownership prior to […]
Using Automated Inventory Replenishment Parameters
Accolent ERP uses the Min/Max reordering methodology. The Min value represents the reorder point, and the Max value represents the targeted stock after reordering. The difference between the Max and the Min is sometimes referred to as the EOQ (Economic Order Quantity). The Min and Max values may be maintained manually or automatically by the system. […]
Inventory Replenishment Overview
Accolent ERP uses the Min/Max reordering methodology. The Min value represents the reorder point, and the Max value represents the targeted stock level after reordering. The difference between the Max and the Min is sometimes referred to as the EOQ (Economic Order Quantity). The Min and Max values may be maintained manually or automatically by the […]
Using Multiple UOMs
Accolent ERP allows the use of multiple UOMs. One UOM must be selected as the Stocking UOM, and one as the Pricing UOM. All inventory quantities in the system are kept in the Stocking UOM. All prices and costs: List Price, Standard Cost, Alternate Cost and Special Cost are kept in the Pricing UOM. Similarly, […]
Setting Up International Customers/Vendors
Accolent ERP allows international Customer/Vendor addresses. All of the Countries in the world have already been set up in the Countries Value list using the ISO2 standard nomenclature. To create an international address, first create the State/Province in the State/Province Value List and associate it with the Country. Then create a tax jurisdiction for the […]
Receiving POs
Accolent ERP allows Purchase Orders (POs) to be received in full or partially. When the goods on a PO are received, the Receive PO screen allows each line on the PO to be marked to record the Quantity Received, the Quantity Open that remains and the Quantity Canceled. If lines on the PO are canceled […]
Using the Inventory Replenishment Report
Accolent ERP uses the Min/Max inventory reordering methodology. The Min value represents the reorder point, and the Max value represents the targeted stock level after reordering. The difference between the Max and the Min is sometimes referred to as the EOQ (Economic Order Quantity). The Min and Max values may be maintained manually or automatically by […]