abas Cloud | MRP and Material Cost Posting

Material Requirements Planning (MRP) and Material Cost Posting

The Material Requirements Planning (MRP) module in abas Cloud ERP system is designed to calculate and schedule material needs. MRP scheduling ensures that quantity and time requirements are met to help businesses provide better customer satisfaction. Scheduling also checks specified delivery dates for compliance and recalculates delivery dates as needed if any variance is found. Scheduling calculations include sales order items, purchase orders, work orders, and stock levels. Gain a clear view into current stock levels for future stock needs to avoid any unexpected shortages.

The MRP module in abas Cloud ERP system supports the following types of scheduling:

minimum stock-related scheduling;

requirement scheduling;

remaining-quantities scheduling;

variant-related scheduling;

sales order scheduling; and

no scheduling.

The Material Cost Posting module specifies the consumption of raw, operational, and auxiliary materials and posts the inventory changes of finished and semi-finished products. For improved visibility and clarity, multiple valuation methods are available to evaluate the production process, which is the primary connection between production and accounting.

The Material Cost Posting module in abas Cloud ERP solution offers the following features:

  • Finished products are valued at the transaction price when received from production into the warehouse. Direct material and production costs can be posted separately.

  • Cost entry suggestion posts selected valuations based on specified criteria from stock movement journal entries and completion confirmation journal entries.

  • Stock changes of both Work in Progress (WIP) stock and finished products due to consumption can be posted.

  • Revaluation of additional costs such as customs or shipping fees can be assigned to a process for final costing evaluations.

  • Material values provided to vendors are mapped and displayed when an incoming invoice is posted.

  • Quantity revaluation maintains the entire value history, including any price changes and the reason for the price change.