Sunday, May 22, 2011

What is the functionality of Lot Tracking in an ERP system?

Lot tracking system records information regarding a batch of product. Lot tracking allows to track several units of a stock item using the same lot or batch number. User can determine what can be purchased or sold by Lot status. Expiry dates and user defined statuses allow you to further control the stock item. You cannot sell stock items that have reached or passed their expiry date.. You can track items by lot number and serial number - Lot tracked items are where the tracking (Lot) number refers to a specified quantity of the items, serial numbers are applied to individual items.

Lot Control and serialization options are defined at the system level and when one of these options is activated individual items are defined to be controlled by either lot number or serial number or by item number (not lot or serial tracked) on the part master file. When a part is defined as being tracked by lot number or serial number, that tracking is enforced throughout all material transactions for that item and upward through its parent items.

For purchased items lot or serial numbers are required for the full quantity of receipt, and are entered as part of the receiving transaction. For receipts with many serial number tracked items, ranges of numbers may be entered. A running total of items accounted for with lot or serial number assignments are displayed, thereby ensuring that the entire received quantity is properly identified prior to completion of the transaction.

Furthermore, the system checks current inventory to ensure that duplicate numbers are not assigned. On subsequent inventory transactions, lot and serial traceability is enforced upward through the item's bill of material structure. The lot or serial number and quantity are required on all material issues.

For more information kindly visit: http://www.eresourceerp.com/functionality-of-Lot-Tracking-in-ERP.html

Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Mumbai, Maharashtra, India
Tel: +91 22 25827692
+91 22 25828775
+91 22 65130234
+91 22 41118000 / 8049 (50 lines)

E-mail : info@eresourceerp.com

Real-time inventory system in ERP is real

eresource's web-based ERP system scores in many ways

When we talk of real-time inventory system, there may be some eyebrows raised and questions asked about the existence of a 'real' real-time inventory system in ERP. But without any hesitation we can assure our customers that eresource ERP is a genuine manufacturing ERP system with a 'real' real-time inventory module.

eresource ERP system has been developed with all the needs of a process manufacturing unit in mind. In a process manufacturing organization receiving raw material "just-in-time' is an important factor. Profit of the product also depends on being able to sell them immediately with certainty as to the cost of what has been produced, based on the cost of materials consumed and the added-value of the manufacturing process.

What is the most important matter concerning an efficient ERP system is managing the cost. Managing costs is a critical requirement of ERP implementations, and delaying cost adjustments disables that needed benefit. Eresource ERP provides its customers with a efficient way of managing the costs through its system.

In today's business environment, Real-Time Inventory has been termed as a very important requirement. However, unlike eresource ERP, all the ERP systems are not capable of doing this work efficiently. For any manufacturer, inventory is placed on-hand both via purchase and via manufacture. The working method for inventory also differs depends on varies manufacturing industries. For example the discrete manufacturer making large runs to stock has ample time to record all costs after the production run completes, and before delivery where as the process manufacturer like Food and Beverage industry is usually making to order for same day delivery.

The real-time inventory can become only real when it includes the updating of costs as well as quantities. Eresource ERP has been doing this for years that continually evolve to meet the most discerning requirements of the modern industry.

eresource's web-based ERP system scores in many ways. In eresource ERP, any Inventory item, or Item type, can have its valuation method set independently. Irrespective of the valuation method set for an item, eresource maintains all the values for all valuation methods for every item. When all valuation methods are maintained for all items, it is possible to change the valuation method for any item if required, and eresource will automatically calculate and post the adjusting journal to the Inventory Control Account in the General Ledger. If the Standard Cost is changed, eresource will post that valuation change also to the General Ledger.

eresource ERP, has the ability to automatically update data between related process and functions. The beauty of eresource ERP system is that information updating happens instantaneously. So you get up-to-the-minute information at your fingertips through our effective web-based ERP system.

The data entered in the eresource ERP system instantly can be viewed by all the users on-line and in real-time. All the members of the organization have access to the same information for planning and control purposes. This can facilitate more consistent planning and control, in contrast to many other ERP systems.

Moreover, the firm can show a single image to the outside world. Rather than receiving different documents when a firm deals with different branches or plants, a single common view can be presented to the world; one that puts forth the best image.


For more information kindly visit: http://www.eresourceerp.com/Real-time-inventory-system-in-eresource-ERP-is-real.html

Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Mumbai, Maharashtra, India
Tel: +91 22 25827692
+91 22 25828775
+91 22 65130234
+91 22 41118000 / 8049 (50 lines)

E-mail : info@eresourceerp.com

eresource Implements Manufacturing Software for PM Electro Auto Pvt Ltd

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