Inventory Overview

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Inventory Overview

 

Inventory

 

The MLS 2026 inventory system is designed around a complete workflow:

Purchase Orders

↓

Stock Input

↓

Inventory Updates

↓

Workorder Usage

↓

Sales & Reporting

↓

Reordering & Balancing

By following this workflow consistently, MLS 2026 can provide highly accurate:

•inventory valuation

•stock control

•pricing management

•purchasing recommendations

•sales analysis


The Inventory Menu Bar

The Inventory Editor provides direct access to all inventory operations from one screen.

HRAdd   Add

Creates a new inventory record.

Use this option when:

•adding new stocked inventory

•creating non-stocking part records

•entering vendor supplied items

•creating special order records


HRXTXT   Expand

Opens a larger editing window for:

👉 Notes

This is useful for:

•vendor comments

•installation notes

•warranty details

•internal procedures

•special handling instructions


HRSAVE   Save

Saves:

•new records

•edited information

•pricing changes

•quantity updates

•notes modifications

⚠️ Important:

Changes are not retained until:

👉 Save

is selected.


hrfind   Search

Allows searching inventory by:

•all inventory items

•stocking parts

•non-stocking parts

•partnumber

•description

•cross reference

Search positioning automatically moves the highlight bar to matching records.


HRDelete   Delete

Deletes the highlighted inventory record.

⚠️ Important:

Inventory should rarely be deleted because:

•sales history

•pricing history

•vendor information

•inventory statistics

are valuable management tools.

The Stock On Hand quantity must normally be:

👉 0.00

before deletion is permitted.


STOCK   Stock

Provides access to:

•Purchase Orders

•Stock Input

These functions handle:

•ordering inventory

•receiving shipments

•updating quantities

•average cost calculations

•vendor tracking

•accounting integration


FIBILD   Tools

Provides access to:

•inventory utilities

•balancing

•pricing management

•vendor changes

•location updates

•yearly closing

•inventory maintenance functions


hrcalc   Prices

Recalculates pricing using assigned:

👉 Markup Tables

This allows rapid pricing updates across:

•entire inventory

•vendors

•manufacturers

•cost ranges

•pricing groups


hrphoto   Photo

Displays pictures associated with the highlighted part.

Photos can help:

•identify unusual items

•reduce ordering mistakes

•improve technician accuracy

•assist inventory management


HRPRINT   Reports

Provides access to:

•inventory listings

•sales summaries

•below minimum reports

•lost sales

•core reports

•stock valuations

•labels

•tracking reports

•purchasing analysis

These reports provide critical management information for:

•purchasing decisions

•inventory valuation

•stock movement

•profitability analysis


Navigation

When the Inventory Editor first opens, you may immediately begin typing:

👉 a partnumber

to reposition the highlight bar within the inventory listing.

Search modes may also be changed using:

👉 Search

allowing searches by:

•description

•cross reference

•stocking status

•partnumber order

and other available search methods.

As records are highlighted in the browse list:

👉 the full inventory information

is displayed in the data fields above.


Initial Inventory Setup Considerations

Before entering inventory into MLS 2026, you should first determine:

👉 what inventory actually exists.

Businesses converting from manual systems often do not have:

•accurate inventory counts

•standardized descriptions

•organized locations

•purchasing history

It is usually best to:

•physically count inventory

•organize shelves

•establish location codes

•standardize descriptions

•identify vendors

•classify stocking vs non-stocking parts

before entering large quantities of data.

Many businesses successfully use:

•temporary personnel

•students

•clerical assistants

to help gather inventory information for initial setup.

Professional technicians and service writers are often more valuable focusing on:

•repair work

•diagnostics

•client service

•production activities

while support personnel assist with inventory collection and data entry.


Why Accurate Inventory Matters

Inventory errors create hidden business losses such as:

•unbilled parts

•duplicate purchases

•overstocking

•dead inventory

•emergency ordering

•pricing errors

•lost sales

•wasted technician time

MLS 2026 provides the management information necessary to:

•identify these problems

•monitor inventory movement

•improve purchasing

•control stocking levels

•maintain accurate pricing

•improve profitability

The more consistently the inventory procedures are followed:

👉 the more accurate and valuable the management information becomes.


Recommended Best Practices

•Use Purchase Orders consistently

•Process all receiving through Stock Input

•Maintain accurate location codes

•Standardize descriptions and manufacturers

•Use Pricing Tables whenever possible

•Reconcile physical inventory regularly

•Monitor Below Minimum reports frequently

•Review slow-moving inventory monthly

•Process returns and cores promptly

•Preserve inventory history whenever possible

•Train employees on inventory workflow procedures


Recommended Companion Sections

The Inventory Overview works closely with:

•Inventory Editor

•Stocking Parts

•Non-Stocking Parts

•Partnumbers & Cross References

•Purchase Orders

•Stock Input

•Returns Processing

•Core Processing

•Inventory Utilities

•Inventory Price Management

•Stock Balancing

•Inventory Reports

Together, these sections provide a complete inventory management system within MLS 2026.