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    Inventory and Procurement Management System

    To be competitive, manufacturers must look beyond their individual manufacturing plants to synchronize global supply with global demand. They need to allocate finite resources and capacity properly, manage costs, and ensure on-time delivery — and yet adapt to constantly changing customer demands.

    Enjoy superior management of your workflow. Let our inventory increase your competitive advantage over your competitors. Our complete inventory & procurement control software is packed with a large variety of helpful features to make your business more efficient, potent and profitable.

    Inventory & Procurement Management System maintains all the information required about your raw materials, finished goods & semi-finished goods, and tools & gauges. The system keeps track of inventory on-hand quantities, location of goods, requisitions, quotations, purchase orders, inventory items requested by production, and goods received note. The system has a complete approval mechanism that forces to approve purchase order, product requisitions and material requisitions. It arranges items according to lots and batches that make it easier to manage and allows for traceability This gives you more control over our stocks.

    Honeycomb®ERP Inventory and Procurement Management business benefits include:

    • Increased visibility and responsiveness to changing demand or supply
    • Improved customer service through accurate, real-time order promising
    • Reduced order-to-delivery cycle times and;
    • Reduced costs and lowered inventory levels

    Honeycomb®ERP Inventory management system has full network support, allowing you to have access to your stock and inventory any place. You can access your data over the LAN or WAN. The role based securities ensure that the user is allowed to have access to information.

     

    Order Management

    • Order status and details
    • Order costs and margins
    • Forecasting Orders
    • Changing orders precedence
    • Financial impact of changed orders
    • Exception flagging
    • Keep customers informed via e-mail
    • Integration with Honeycomb®ERP Sales

    Material Management

    • Material Control
    • Inventory Reservation
    • Lot and Serial Control
    • Material Movement
    • Multi-Location Management
    • Automatic Unit-of-Measure Conversion
    • Dock-to-Stock Material Flow
    • Location hierarchy
    • Primary stocking location
    • Location tables
    • Bin table
    • Item substitution
    • Obsolete or inactive items
    • Commitment rules

    Stock Management

    • Dynamic Stock Status
    • Flexible Cycle Counting
    • Closed-Loop Process
    • Accurate Inventory
    • Variety of Reporting Capabilities
    • Inventory Tag Generation
    • Inventory Count and Recount
    • Update of Perpetual Inventory
    • Supply Management
    • Demand Management
    • Consigned Inventory

    Inventory Allocation

    • First In, First Out (FIFO)
    • Last In, First Out (LIFO)
    • Time-horizon Based
    • Tracks order status
    • Control inventory levels
    • Supply demand matching

    Supplier Quotes & Management

    • Manage suppliers
    • Visibility and control over the financial impact
    • Centralized/decentralized and global supplies
    • Balances purchases across multiple suppliers
    • Supplier progress (cost, quality, and delivery)
    • Supplier collaboration
    • Supplier Communication
    • Critical order view
    • Lead time calculation
    • Supplier Quotes
    • Automated procurement processes
    • Efficient RFQ and Supplier Quote Generation
    • Full Tracking of Supplier Responses
    • Converts Supplier Quotes to Purchase Orders

     

     

    • Request for Quote (RFQ) Entry
    • Tracks RFQ Response Entry
    • Supplier Quote Entry
    • Supplier Quote Conversion to Purchase Order
    • Standard RFQ Inquiries & Reports

    Purchase Orders

    • Purchase Requisitions
    • Complete Paperless Procurement & Approvals
    • Direct Conversion or split to multiple POs
    • Combine multiple requisitions on a single PO
    • PO entry by item, supplier, or order number
    • Order currency and exchange rate
    • Multiple deliveries per line
    • Required and rescheduled date of POs
    • Supplier item cross references
    • Country of origin and dispatch
    • PO Receiving history & Controls
    • Full Financial Visibility of PO
    • Buyer's Workbench
    • Work order and sales order reference
    • Just-In-Time receipts and pay-on-receipt
    • Landed and accrued cost calculated for imports
    • Blanket Purchase Orders
    • Analysis of PO BOMs

    Material Supply

    • Integrated Planning of Outsourced Materials
    • Synchronizes supply component items with PO
    • Provides pick, issue, pack and ship processes
    • Allows back flushing or selected components
    • Generates BOM
    • Provides complete financial control
    • Integration of all material supply item types
    • Integration with accounts and production.
    • Creation of accounts receivable invoices
    • Periodic inventory reporting
    • Material Supply Audit Trail Facility
    • Maintains Supply Item Deduction file
    • Tracks POs & supplied material

    Supplier Releasing

    • Flexible purchasing options
    • Automatic generation of release numbers
    • Forecast sharing (percent released by supplier)
    • Material Receipts
    • Comprehensive audit trails of information sent
    • Daily planned and actual receipts
    • Supplier performance evaluations
    • Detail inquiries & Reports
    • Supplier Portal
    • Supplier Message Boards
    • Supplier Status Overview
    • Collaborative Order Management
    • Suppliers Capabilities
    • Shipping and Material Receipts
    • Ordered and received items
    • Early shipments from suppliers
    • Excess inventory levels
    • Late, partial and unknown shipments
    • Material receipt processes
    • Alerts & Inquiries

     


     


     
     

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