Every lot tracked. Every movement recorded.

Every inventory change in NovexERP is logged with who made it, when, and why. This creates an unbroken audit trail from the moment raw materials arrive at your receiving dock through every consumption, transfer, and shipment until finished goods leave your facility.

Consumption strategy is configurable system-wide and defaults to FIFO. FIFO consumption orders lots by received_at date, always selecting the oldest material first. FEFO (First-Expire-First-Out) orders lots by expires_at date, consuming the soonest-to-expire material first. Quarantined lots are automatically excluded from both consumption strategies, ensuring that held inventory is never accidentally consumed during production. Users can override lot selection during manufacturing when specific lots are required.

Storage locations support five types — freezer, pallet, rack, room, and other — each with optional cubic volume tracking for capacity planning. Freezer locations have configurable temperature alert thresholds, defaulting to 32°F. The DNI (Do Not Inventory) flag excludes specific locations from physical inventory counts, which is useful for staging areas or temporary holding zones.

Virtual inventory calculations show physical stock minus needed quantities, with raw material needs projected via BOM forward projection from open orders. Results are cached for 10 minutes to maintain dashboard performance without sacrificing accuracy. Low stock alerts trigger when total inventory for a raw material drops to or below its configured threshold, surfacing immediately on the dashboard. For details on how FIFO consumption works during manufacturing, see Production. For lot genealogy and forward/backward tracing, see Traceability.