⚙️ Q1 - Operations Foundation
📦

Inventory Management

Track and manage inventory across locations with real-time visibility, consumption tracking, and reconciliation for bonded, FTZ, and IMMEX programs.

Capabilities

  • Real-time inventory tracking
  • Multi-location visibility
  • Consumption and usage tracking
  • Bonded warehouse management
  • FTZ and IMMEX inventory
  • Automated reconciliation

💡 Use Cases

  • Track inventory across warehouses
  • Monitor bonded goods
  • Manage FTZ inventory
  • Reconcile IMMEX temporaries
  • Track consumption and waste
  • Prepare inventory reports

Comprehensive Inventory Management

Real-time visibility and control of inventory across all locations including bonded warehouses, FTZs, and IMMEX facilities.

Real-Time Tracking

Inventory Visibility Live inventory status:

  • On-hand quantities
  • Available vs committed
  • In-transit inventory
  • Location tracking
  • Lot/serial tracking

Multi-Location Management Track across facilities:

  • Multiple warehouses
  • Bonded locations
  • FTZ facilities
  • IMMEX plants
  • Consignment locations

Transaction Tracking Complete movement history:

  • Receipts
  • Issues/shipments
  • Transfers
  • Adjustments
  • Cycle counts

Bonded Warehouse

Bonded Goods Tracking Duty-suspended inventory:

  • Receipt into bond
  • Bonded period tracking
  • Withdrawal from bond
  • Duty calculation
  • Bond liquidation

Warehouse Types Support all warehouse types:

  • Class 2 (Importer’s private)
  • Class 3 (Public warehouse)
  • Class 4 (Bonded yard)
  • Class 5 (Bin warehouse)
  • Class 6 (Manufacturing warehouse)

Compliance Bonded warehouse requirements:

  • Entry documentation
  • Periodic reporting
  • Inventory reconciliation
  • Audit preparation
  • Liquidation tracking

Foreign Trade Zone

FTZ Inventory Zone inventory management:

  • Admission tracking
  • Zone lot numbers
  • Status tracking (PF/NPF/DOM)
  • Weekly entry filing
  • Zone-to-zone transfers

Privileged Foreign PF status management:

  • Manufacturing operations
  • Inverted tariff benefits
  • Processing tracking
  • Duty calculation
  • Weekly entry automation

Non-Privileged Foreign NPF inventory:

  • Distribution operations
  • Transshipment
  • Value-added services
  • Duty deferral
  • Entry flexibility

Domestic Status Domestic goods in zones:

  • Export tracking
  • Zone operations
  • Status changes
  • Entry requirements
  • Compliance tracking

IMMEX Management

Temporary Imports Mexican maquiladora inventory:

  • Virtual pedimentos
  • Temporary import period
  • Manufacturing tracking
  • Component consumption
  • Export requirements

Program Compliance IMMEX requirements:

  • Annual report data
  • Inventory reconciliation
  • Transfer pricing
  • Return shipment tracking
  • Program audit support

Inventory Balance Reconciliation tracking:

  • Opening balance
  • Imports/receipts
  • Consumption/waste
  • Returns/exports
  • Closing balance

Consumption Tracking

Usage Recording Track material consumption:

  • Bill of materials
  • Actual usage
  • Waste and scrap
  • Rework
  • Variance tracking

Manufacturing Operations Production tracking:

  • Work orders
  • Component issues
  • Assembly operations
  • Finished goods receipt
  • Yield tracking

Waste Management Scrap and waste handling:

  • Normal waste percentage
  • Abnormal waste
  • Destruction procedures
  • Documentation
  • Customs compliance

Reconciliation

Periodic Reconciliation Regular inventory counts:

  • Cycle counting
  • Annual physical inventory
  • Reconciliation reporting
  • Variance investigation
  • Adjustment processing

Customs Reconciliation Regulatory reconciliation:

  • FTZ annual inventory
  • IMMEX annual report
  • Bonded warehouse inventory
  • Drawback reconciliation
  • Program compliance

Book vs Physical Inventory accuracy:

  • Perpetual inventory
  • Physical count
  • Variance analysis
  • Root cause investigation
  • Corrective actions

Transfer Management

Inter-Location Transfers Move inventory between sites:

  • Transfer orders
  • In-transit tracking
  • Receipt confirmation
  • Transfer documentation
  • Customs implications

Zone Transfers FTZ movements:

  • Zone-to-zone transfers
  • Zone-to-customs territory
  • Customs-to-zone
  • Direct delivery
  • In-bond movements

IMMEX Transfers Maquiladora movements:

  • Plant-to-plant transfers
  • Virtual pedimentos
  • Program compliance
  • Transfer pricing
  • Documentation

Lot Control

Lot Tracking Batch/lot management:

  • Lot numbers
  • Manufacturing dates
  • Expiration dates
  • Lot genealogy
  • Traceability

Serial Number Tracking Unit-level control:

  • Serial numbers
  • Individual unit history
  • Warranty tracking
  • Recall management
  • Track and trace

FIFO/FEFO Rotation management:

  • First-in-first-out
  • First-expired-first-out
  • Aging tracking
  • Expiration management
  • Obsolescence

Mexican Compliance

IMMEX Documentation Program requirements:

  • Virtual pedimento records
  • Inventory card (Anexo 24)
  • Annual operational report
  • Transfer pricing documentation
  • Audit trail

Customs Audits Audit preparation:

  • Inventory records
  • Consumption records
  • Export evidence
  • Waste documentation
  • Program compliance

Reporting

Inventory Reports Standard reports:

  • Inventory by location
  • Inventory by product
  • Aging reports
  • Valuation reports
  • Movement reports

Customs Reports Regulatory reporting:

  • FTZ annual inventory
  • IMMEX annual report
  • Bonded warehouse reports
  • Drawback records
  • Reconciliation reports

Management Reports Business intelligence:

  • Turnover analysis
  • Slow-moving inventory
  • Excess inventory
  • Stockout analysis
  • Carrying cost

Valuation

Inventory Valuation Cost calculation methods:

  • Standard cost
  • Average cost
  • FIFO cost
  • Actual cost
  • Lower of cost or market

Duty Value Tracking Customs valuation:

  • Entered value
  • Dutiable value
  • Assists allocation
  • Royalties
  • Related party adjustments

Currency Management Multi-currency tracking:

  • Original currency
  • Functional currency
  • Reporting currency
  • Exchange rates
  • Revaluation

Integration

  • ERP systems
  • WMS systems
  • Manufacturing systems
  • Customs systems
  • Financial systems
  • BI platforms

Automation

Automated Transactions Reduce manual entry:

  • Receipt automation
  • Issue automation
  • Transfer automation
  • Count automation
  • Adjustment automation

Rule-Based Processing Automated workflows:

  • Reorder points
  • Safety stock alerts
  • Expiration warnings
  • Slow-moving alerts
  • Excess inventory alerts

Quality Control

Quality Holds Inventory quarantine:

  • Inspection holds
  • Quality review
  • Release approval
  • Rejection handling
  • Disposition

Inspection Management Quality processes:

  • Receipt inspection
  • In-process inspection
  • Final inspection
  • Test results
  • Certificate of analysis

Alerts & Notifications

Inventory Alerts Proactive notifications:

  • Low stock warnings
  • Reorder point alerts
  • Expiration warnings
  • Slow-moving alerts
  • Reconciliation due

Compliance Alerts Regulatory notifications:

  • Bonded period expiring
  • FTZ report due
  • IMMEX reconciliation due
  • Annual inventory due
  • Audit preparation

Special Programs

Duty Drawback Drawback inventory tracking:

  • Import records
  • Manufacturing links
  • Export records
  • Waste documentation
  • Claim preparation

Temporary Imports TIB inventory:

  • Temporary import tracking
  • Re-export deadline
  • Extension requests
  • Duty calculation
  • Return evidence

Manufacturing Drawback Production tracking for drawback:

  • Imported materials
  • Manufacturing records
  • Finished goods
  • Export documentation
  • Substitution tracking

Ready to See Inventory Management in Action?

Schedule a personalized demo to see how this module fits into your workflow