MPS Module in ERP Software Master Production Scheduling (MPS) is defined as an anticipated build schedule for manufacturing end items or product options by quantity per planning period. It represents what the company plans to product, expressed in specific configurations, quantities and dates. Sales Operations Planning (S&OP) process authorizes MPS module various products that should be translated into the MPS. Thus, MPS is a listing of the end items (products) or major sub-assemblies (standard modules) which are to be produced in known quantity and when they should be ready for ship meant or further value addition. MPS is a logical representation of information for decision-making. It is what the firm or plant expects to product in the short run. Each individual MPS has a supporting BOM or Formula defining the components needed to product the planned quantities of the end item. Thus, MPS becomes the inputs to MRP. MPS module in ERP provides the intelligence to interpret the signals it gets from sales and forecast to think of alternative means of satisfying customer demands, and to make adjustments in capacity, inventories and so forth, and allow the company to serve the customer without imbalance between supply and demand. Also Read – ERP Software for Manufacturing Here are the objectives of eresource ERP MPS module: Development data (MPS) to give detailed planning (MRP II) Provide devices to reconcile customer’s desires with plant, material and vendor capabilities. Furnish means to make reliable delivery promises and to evaluate the effects of schedule changes. Coordinate plans and actions of all organization functions and measure their performance. Provide management with means to authorize and control all resources needed to support integrated plans. Schedule production orders and purchase orders for MPS items. Also Read – ERP Software for Construction MPS also have other two principal functions. These are: To serve as bases for planning material requirements, production of components, order priorities, and short-term capacity requirements. The function relates to the ‘firm’ period of the MPS, which is usually equal to the sum of production lead-times from release of purchase requisition to completion of MPS level items. To serve as bases for estimating long-term demands on company resources such as people, plant and equipment, warehousing and capital. Mail Us at sales@eresourceinfotech.com for Live ERP Software Demo
Purchase Management module in eresource ERP streamlines procurement of required Material, packaging material, sub assembly and other non-inventory materials. It automates the processes of identifying potential suppliers, Supplier Evaluation, Supplier Quote Evaluation, awarding purchase order to the supplier, and billing processes. Purchase module is tightly integrated with the inventory control, Sales and Finance Module ERP Modules. eresource ERP flow of supply guarantees the integrity, tracking and homogeneity of the entire process. Each document in the supply process is based on the information contained in the previous document, so that repetitive introduction of data and human errors are avoided. Through eresource ERP Software, to navigate through different documents that conform to a determined flow (order, supplier’s delivery note, invoice, payment) and know in information at the real time for any order (pending, delivered, partially delivered, invoiced, frozen, etc). eresource ERP never encourages the purchasing of anything without valid requisition. All quotation received from the vendors can be evaluated on the basis of Quotation Comparison. Purchase Order in eresource can be generated on the basis of Approved Quotation or also Direct PO can be generated. Direct Purchase Order is usually generated in the case of Rate contract with the supplier. Purchase planning, based on necessities, keeping in mind minimum stock levels, goods receipts dates, and pending requests. Material Requisitions & Request for Quotation definitions Purchase orders, prices and discounts, warehouse control of goods pending receipt, correction of orders, and creation of purchase orders from sales orders. Receipts. Automatic creation from pending order lines. Automation of incoming goods (location according to priority). Purchase invoices, automatic creation from order lines or delivery note lines pending invoicing. Relationship between orders, delivery notes and invoices. Expense invoices. Purchasing order reports, vendor invoices. Also Read – ERP Software for Manufacturing The standard purchasing flow in eresource ERP is as follows: Orders are planned to cover customer and production requirements. Messages are created identifying item, priority, and release timing. Orders are reviewed; vendors, quantities, terms are changed and approved. Orders are sent to the vendor through email. Receiving process inbound material according to quality specifications. Receiving routes materials based on production and customer requirements. Accounts payable is updated from receiving process. Also Read – ERP for Automobile Industry The procurement cycle for a service or material in our purchase management module in ERP are described hereunder: Determination of requirements: Materials requirements are identified either in the user departments or via materials planning and control. (This can cover both MRP proper and the demand-based approach to inventory control. The regular checking of stock levels of materials defined by master records, use of the order-point method, and forecasting on the basis of past usage are important aspect of the latter.) User can enter purchase requisition, or these can be generated automatically by the materials planning and control system. Source determinations: The purchasing components helps one to identify potential sources of supply based on past orders and existing longer-term purchase agreements. This speeds up the process of creating requests for quotation (RFQs), which can be sent to vendors electronically. Vendor selection and comparison or quotations: The system is capable of simulating pricing scenarios, allowing one to compare a number of different quotations. Rejection letter can be sent automatically. Purchase order processing: The purchasing system adopts information from the requisition and the quotation to help one create a purchase order. As with purchase requisitions, one can generate POs himself or have the system generate them automatically. Purchase order follow-up: The system checks the reminder period one has specified and, if necessary, automatically prints reminders or expediters at the predefined intervals. It also provides one with an up-to-date status of all purchase requisitions, quotations and purchase orders. Goods receiving and inventory management: Goods receiving personnel can confirm the receipt of good simply by entering the PO number. By specifying permissible tolerances, buyers can limit over and under-deliveries of ordered goods. Invoice verification: The system support the checking and matching of invoices. The accounts payable clerk is notified of quantity and price variances because the system has access to PO and goods receipts data. This speeds the process and auditing and clearing invoices for payment. Also Read – Construction ERP Software
Key ERP Modules An ERP software consists of many modules with each module is integrated with the major functional area of an organization. In normal procedure, each module is designed to interact with each other with easy accessing of information concerning a particular branch, section or department. ERP modules are tightly protected with efficient security system and the staff is trained to handle the system effectively during the training session by the consultants. The following are some important key ERP modules that being included in major ERP packages. ERP Finance Module The financial activities of an organization by the finance department are recorded using various user interfaces and these interface screens related to the finance department are grouped into a single menu option and these set of options are called the finance module. Financial module of an ERP system is used to record day to day transactions like receiving payments Customers, payments to vendors by raising cheques or through cash and journal entries. Financial module records the data during: Creating a Customer Account Creating a Vendor Account Creating a Bank Account. Creating a General Ledger Account Enhancing Chart of Accounts (when major changes to be made for preparing the financial statements) Financial application components of an ERP solution work hand-in-hand to improve the bottom-line. This is true because the financial functionality is tightly integrated across all business areas and all geographic areas. This tight integration includes all the other different modules, from materials management to human resource to logistics. The financial module of ERP also provides financial functionality and analysis support to lot of medium and large scale enterprises in Indian and abroad. Manufacturing Module in ERP This module is used to record data related to the manufacturing department of the organization. Data is recorded in this module when Bill of Materials, Work Orders and WIP receipts are to be created for work orders. In modern manufacturing operations, information starts at the top and the bottom simultaneously. Data originates at the machines, the process and the workers. It indicates what is being made, how and where, when it will be done, and why it won’t be on time. ERP allows companies to balance customer demands impacted by multiple interrelated items and multiple plant locations. ERP adds applications for financials, supply chain, and distribution and requirements planning for multiple sites. It facilitates intelligent resource planning in the face of rapidly changing constraints such as materials availability, market readiness, plant capacities, personnel certification and business costs per location. In short ERP systems will allow decision makers to champion ‘an intelligent, agile and responsive’ organization in the global marketplace of the next century. ERP Sales and marketing Module This module comprises of Contact Management and Sales Order Processing Management. It is an integrated solution comprising of marketing and sales activities. Organization can act immediately to improve sales, service and marketing effectiveness by using this module. Sales and Marketing module also help to you getting your customer order management easier day by day. Use of this also includes maintaining customer information, quickly creating a quote or migrating them to sales order. ERP Purchase Module ERP Purchasing module streamline procurement of required raw materials. It automates the processes of identifying potential suppliers, negotiating price, awarding purchase order to the supplier, and billing processes. Purchase module is tightly integrated with the inventory control and production planning modules. Purchasing module is often integrated with supply chain management software. ERP Inventory Management Module ERP Inventory Management module facilitates recording of data in the inventory department. Activities of the Inventory department such as receipt of goods, delivery of goods, maintenance of material in the stock sections, classifying all the materials, issuing of materials to the manufacturing department, rejections from the suppliers are recorded with full details. ERP Human Resource module Human Resource (HR) module in ERP streamlines the management of human resources and human capitals. It comprises of four broad sections, mainly Training, Recruitment, Payroll and Attendance. HR module routinely maintains a complete employee database including contact information, salary details, attendance, performance evaluation and promotion of all employees. Also Read – Streamlining construction operations with ERP systems
MPS Module in ERP Software Master Production Scheduling (MPS) is defined as an anticipated build schedule for manufacturing end items or product options by quantity per planning period. It represents what the company plans to product, expressed in specific configurations, quantities and dates. Sales Operations Planning (S&OP) process authorizes MPS module various products that should be translated into the MPS. Thus, MPS is a listing of the end items (products) or major sub-assemblies (standard modules) which are to be produced in known quantity and when they should be ready for ship meant or further value addition. MPS is a logical representation of information for decision-making. It is what the firm or plant expects to product in the short run. Each individual MPS has a supporting BOM or Formula defining the components needed to product the planned quantities of the end item. Thus, MPS becomes the inputs to MRP. MPS module in ERP provides the intelligence to interpret the signals it gets from sales and forecast to think of alternative means of satisfying customer demands, and to make adjustments in capacity, inventories and so forth, and allow the company to serve the customer without imbalance between supply and demand. Also Read – ERP Software for Manufacturing Here are the objectives of eresource ERP MPS module: Development data (MPS) to give detailed planning (MRP II) Provide devices to reconcile customer’s desires with plant, material and vendor capabilities. Furnish means to make reliable delivery promises and to evaluate the effects of schedule changes. Coordinate plans and actions of all organization functions and measure their performance. Provide management with means to authorize and control all resources needed to support integrated plans. Schedule production orders and purchase orders for MPS items. Also Read – ERP Software for Construction MPS also have other two principal functions. These are: To serve as bases for planning material requirements, production of components, order priorities, and short-term capacity requirements. The function relates to the ‘firm’ period of the MPS, which is usually equal to the sum of production lead-times from release of purchase requisition to completion of MPS level items. To serve as bases for estimating long-term demands on company resources such as people, plant and equipment, warehousing and capital. Mail Us at sales@eresourceinfotech.com for Live ERP Software Demo