Materials Management for Expandable ERP
Consignment Inventory Module
The Consignment Inventory (CI) module tracks inventory items consigned to customers, sales reps or dealers as loaners, evaluation units or products on consignment for sale when used. The CI module also provides tracking of lot controlled and serialized parts located in consignment inventories. A sales order or RMA line with a Ship Type of “C” identifies the line as either a shipment from an in-house inventory (e.g. finished goods) to a consignment inventory or a return from consignment inventory to an in-house inventory. A normal sales order is used to make the final shipment/sale of an item in consignment inventory. Shipments/Returns Entry is used to record the actual movement of in-house inventory to or from Consigned Inventory, Loaner Inventory and Evaluation Inventory. The IC module reports and inquiries provide status and transaction movement information for consignment inventory, the same as for in-house inventory. A Consigned Inventory report combines stock status information with serial number, lot and sales order information. Ownership of consignment inventory is the same as in-house inventory.
Inventory Accuracy Module
Expandable Customers achieve Best-in-Class inventory accuracy rating on average of 96%, two points higher than the industry average analyst benchmark. Accurate inventory counts prevent stock-outs, shortages and excess inventory, while improving inventory turns. Expandable provides two methods of physical counting – Complete Physical Inventory and Cycle Counting. The Complete Physical (wall-to-wall) provides for the counting of all items using inventory tags. The Cycle Counting function provides for the systematic counting of parts throughout the year.
Inventory Control Module
With reduction of inventory costs by more than 16% and Expandable Customers are achieving Best-in-Class inventory accuracy rating of an average of 96%, two points higher than industry average, INVENTORY CONTROL maintains part information and inventory balances, providing you more control over your purchased goods and materials. Parts may be stored in single or multiple locations within one storeroom or multiple storerooms.
Inventory RESTful API Module
The Inventory API Package provides access to Expandable’s Stores Transfer and Issues Entry business logic and transactions so that Expandable users can create inventory transactions from warehouse management, Kanban or other external inventory management applications.
Lot Tracking Module
Expandable’s extensive LOT TRACKING capacity provides the traceability of purchased or manufactured items from raw material receipt to a finished product’s final destination. Lot Tracking improves quality by monitoring expired lots, tracing defective materials back to vendors and to customers who were shipped defective product, and provide information to satisfy governmental reporting requirements for the pharmaceutical and medical instrumentation industries.
Materials Management Module
Expandable Customers see reduction of operating, administrative and inventory costs all well exceeding industry average business metrics; 19% operating, 18% administrative and 16% inventory, MATERIALS MANAGEMENT is the first step in the execution of your plan. It defines the actions to be taken, and when to take them for buyers, planners, expediters and production schedulers. The action messages of Expandable’s “bucket-less” Material Requirements Planning (MRP) reporting are your company’s time-phased call to action. Material requirements are generated based on a production schedule from the Master Production Schedule (MPS) or may be manually created.
Serial & Lot Production Control RESTful APIs Module
Serial and LOT Control RESTful APIs – provide interfaces for external applications to insert, update and query product Serial Numbers and LOT masters for status, customer ownership, etc. allowing applications to have wider visibility to critical product traceability.
Serial Number Product Tracking Module
Expandable’s extensive SERIAL NUMBER TRACKING capacity provides end-to-end cradle-to-grave traceability of purchased or manufactured items from raw material receipt to a finished product’s final destination. Product Serial Number Tracking improves quality by monitoring and tracing defective materials back to vendors and to customers who were shipped defective product, and provide information to satisfy governmental reporting requirements for the pharmaceutical and medical instrumentation industries.