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SYSPRO

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Materials Management for SYSPRO


Materials Management Module

Inventory Management

To provide superior inventory management by optimizing stocking levels for excellent customer service and profit maximization.

The Value of Inventory

  • Effective control of supply and demand
  • Powerful queries include history and graphics
  • Flexible pricing and costing options
  • Replenishment rules by item
  • Identify key suppliers of items
  • Specify approved manufacturers
  • Extensive serial tracking with expiration dates
  • Available to Promise calculation feature

Matching Inventory to your business

  • Cost method defined per warehouse (average, standard, last, LIFO, or FIFO)
  • Retain cost in unit of measure other than stocking
  • Powerful pricing options (quantity, discounted, contract pricing, and more)
  • Globally change cost and selling prices
  • Track transfers between warehouses
  • Order policies and order modifiers defined at warehouse level
  • Multiple bin locations specified per warehouse
  • Multiple units of measure per item
  • Optional two-phased receiving
  • Backflush items with short manufacturing cycles
  • Lead times and dock-to-stock for realistic time-phasing
  • Record notes per item for purchasing, sales and manufacturing, including technical specs and dangerous goods handling
  • Place stock codes on hold
  • Robust physical inventory system
  • Cross-reference supplier and customer stock codes
  • Assign same serial number to multiple items
  • Browse stock items using multimedia images
  • Group inventory items into sales kits
  • Calculate minimum quantity based on usage
  • Facilitate bar code integration
  • Extensive security options for maintaining Inventory information

Inventory Families and Groupings

To provide the tools to arrange collections’ of SKUs (stock keeping units) into families of products and groupings of like items. These collections provide a high-level view of items at which sales forecasts can be produced and the quality of the forecast can be measured. A significant feature is the ability to group warehouses for purposes of forecasting at a regional or territory level for Logistical or Supply Chain purposes. This also enables forecasts to be generated at a brand level to facilitate a clearer Marketing picture.

The Value of Inventory Families and Groupings

  • Establish families or groupings of SKUs using SYSPRO’s unique Collections’ capability with hierarchical structures for Brand or Product Type views
  • Consolidate SKUs with different pack sizes using an alternate common unit of measure
  • Forecast at regional or territory level by consolidating warehouses for logistical or Supply Chain purposes
  • Aggregate sales history of the collection members to enable a forecast at collection level and then disaggregate collection forecast back to SKU level
  • Facility to edit history at collection level
  • Variety of forecasting algorithms including a competition method which automatically selects the best algorithm for the collection
  • Forecast using sales value, cost value, quantity or gross profit as the basis
  • Set default algorithms at company or collection level
  • Detect seasonality and apply forecasts to seasonal data with trending if present
  • Manually or automatically remove outliers and anomalies
  • Use SKU history of three or more years
  • Utilize monthly or weekly time buckets
  • Determine forecast horizon up to 24 months
  • Improve visibility with graphical output
  • Edit suggested forecast to reflect market intelligence

Matching Inventory Families and Groupings to your business

  • Very powerful Pareto (ABC) Analysis provides ranking of the items within each collection
  • Generate and review forecasts at various levels in the family hierarchy (grandfather, father, child)
  • Multi-level analysis of family performance over time
  • Analyze sales value, gross profit, cost of sales, quantity sold or hits (invoice line occurrences) using very functional Pareto capability
  • Automatically update collection history in real time
  • Compare manual forecast with computer recommended forecast
  • Control and validate the forecast before activating

Lot Traceability

To trace items from their source to current location while maintaining quality assurance certification and tracking expiration dates.

The Value of Lot Traceability

  • Maintain a history of traceable items for accountability and customer service follow-up
  • Keep detailed notes about inspections
  • Provide reject control and documentation
  • Furnish shelf-life control
  • Trace semi-finished or finished products from the supplier of raw materials through to the customer
  • Allow the same lot number to be used for multiple stock items
  • Archive information on traceable items to conserve disk resources
  • View an on-screen query of current and/or archived data

Matching Lot Traceability to your business

  • Query by item use (which customer, invoice, job, etc.) or by item supplied (which supplier, purchase order, stock item)
  • Trace serialized and non-serialized inventory items
  • Automatically or manually assign lot numbers as goods are received
  • Default lot number to work order number, for easy traceability
  • Document all rejects and scrap
  • Locate data when lot or serial numbers are not known with flexible search program
  • Optional auto-depletion of lots
  • Optional full or sample inspection of lots during purchase order and work order receipts
  • Ability to reserve lot numbers to manufacture in Work in Progress
  • Ability to reserve component lots for specific jobs
  • Optional tracking of lots from component to parent
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