When we talk of real-time inventory system, there may be some eyebrows raised and questions asked about the existence of a ‘real’ real-time inventory system in ERP. But without any hesitation we can assure our customers that eresource ERP is a genuine manufacturing ERP system with a ‘real’ real-time inventory module.
eresource ERP system has been developed with all the needs of a process manufacturing unit in mind. In a process manufacturing organization receiving raw material “just-in-time’ is an important factor. Profit of the product also depends on being able to sell them immediately with certainty as to the cost of what has been produced, based on the cost of materials consumed and the added-value of the manufacturing process.
What is the most important matter concerning an efficient ERP system is managing the cost. Managing costs is a critical requirement of ERP implementations, and delaying cost adjustments disables that needed benefit. Eresource ERP provides its customers with a efficient way of managing the costs through its system.
In today’s business environment, Real-Time Inventory has been termed as a very important requirement. However, unlike eresource ERP, all the ERP systems are not capable of doing this work efficiently. For any manufacturer, inventory is placed on-hand both via purchase and via manufacture. The working method for inventory also differs depends on varies manufacturing industries. For example the discrete manufacturer making large runs to stock has ample time to record all costs after the production run completes, and before delivery where as the process manufacturer like Food and Beverage industry is usually making to order for same day delivery.
The real-time inventory can become only real when it includes the updating of costs as well as quantities. Eresource ERP has been doing this for years that continually evolve to meet the most discerning requirements of the modern industry.
eresource’s web-based ERP system scores in many ways. In eresource ERP, any Inventory item, or Item type, can have its valuation method set independently. Irrespective of the valuation method set for an item, eresource maintains all the values for all valuation methods for every item. When all valuation methods are maintained for all items, it is possible to change the valuation method for any item if required, and eresource will automatically calculate and post the adjusting journal to the Inventory Control Account in the General Ledger. If the Standard Cost is changed, eresource will post that valuation change also to the General Ledger.
eresource ERP, has the ability to automatically update data between related process and functions. The beauty of eresource ERP system is that information updating happens instantaneously. So you get up-to-the-minute information at your fingertips through our effective web-based ERP system.
The data entered in the eresource ERP system instantly can be viewed by all the users on-line and in real-time. All the members of the organization have access to the same information for planning and control purposes. This can facilitate more consistent planning and control, in contrast to many other ERP systems.
Moreover, the firm can show a single image to the outside world. Rather than receiving different documents when a firm deals with different branches or plants, a single common view can be presented to the world; one that puts forth the best image.
Also Read – ERP for Trading company
