Whether you are a manufacturer who regularly needs to stock and track inventory, or a trader who needs to keep track of the items that are selling briskly, the Inventory Management module of EtomPlan has the tools that you need. The solution provides a set of pre-built components that automates and streamlines all the inventory activities of your organization. Besides providing planners with the real time visibility of inventory across the supply chain, the system also equips you with the necessary planning tools to help you make quick and accurate decisions.
EtomPlan Inventory Management enables you to perform Item Management in the most elaborate and thorough manner for easy tagging, classification and analysis of each inventory item. You can classify items, support multiple units-of-measure for an item, control the source or usage of an item, set up a valuation method, identify standard supplier, define planning type, allocation, costing and substitutes for an item, configure multiple BOMs, and define exhaustive specifications for Purchase. You can also group the items for effective analysis.
EtomPlan Inventory Management defines more than 40 movement codes for various transactions such as receipt, issue and transfer and includes company owned and consignment stock types. Each of these movement codes define the impact on the Qty Stock of the warehouse and campus as well as the valuated stock of the campus. Further, it can also manage company owned inventory located at customer or vendor premises. The movement code system ensures great flexibility while minimizing data entry. The application helps you in executing warehouse operations in a smooth manner by ensuring activities like stock status conversion, stock transfers, creation of opening balances, stock inquiries at BU, determining stocking point, warehouse levels, inquiry of attribute for item information and safety stocks.
EtomPlan Inventory Planning enables your inventory manager to effectively accomplish master production schedule (MPS), material requirements planning (MRP), reorder-level planning and min-max level planning. System can maintain reservations for each Production Lot for any item master. Reservations are automatically posted when an inventory transaction is made. Further, manual reservations can be applied or removed by the planner.
EtomPlan provides for a seamless integration of Quality Management with Sales and Purchase, Inventory Management and Production Management. In the inventory management module, all receipt is moved to “Under Quality Inspection” area. After performing inspections as per the defined plans, a new transfer voucher is passed to transfer the material to “Unrestricted” or “Restricted” area. Follow up actions like notification to vendor via “Material Rejection Note” and/or return or rectification of materials can then be performed. The accounts module provides full visibility over the rejections in a particular invoice to facilitate proper vendor handling.
The EtomPlan Physical Inventory & Cycle Counting helps you enshrine PICC as a best practice. The corrections in stock can be handled by stock adjustment and stock revaluation.
ETO Items are items whose characteristics change with each customer order. Traditional means is to define a separate item master for each new variant. EtomPlan Inventory allows to maintain separate characteristics and inventory of such items using one item master.
Proper inventory analysis is essential to ensure that your company has sufficient inventory in hand - to meet the needs of both your customers and your operations, yet not locking up resources and money by over-stocking. EtomPlan Inventory Management enables you to maintain optimum inventory levels by various inventory analysis methods and reports.