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Effective Materials Management and Organizational Efficiency are integral partners and depend on each other. Material management includes Material Requirement Planning, MRP modeling, Capacity Planning, Machine Planning as well as Warehousing and Retail. Efficaciously managed materials make happy customers and also lead to proper storage, production as well as distribution efficiencies, each leading to huge savings making a direct effect on the balance sheet.
ERPHUT Material Management (MM) provides complete material set up for manufacturing, sales and distribution focused organizations, including retail. Additionally, it also proffers strong Supply Chain integration. The software includes a complete package of features to help organizations do effective Materials planning, procurement, receiving, storage and issue.
The material management software highlights the requirements of effective material management. The features include modules of Material Requisition, Procurement Requisition, Request for Quotation, Quotation Analysis, Vendor Management, Warehouse Management, Stock Transfer, etc.
ERPHUT MM is a complete software in itself and defines group and sub-group up to nth level. Users can define the type of item, item code. Prices have categorized as basic price, purchase price, and sales price. The material management software helps in managing Kit items as to create items for bucket sales/purchase. The software is also capable of assembling/de-assemble kit items as per the needs.
Items in the software are defined on the basis of Item Shelf Life and Inactive/active items. ERPHUT MM defines minimum and maximum stock of the item, Safety stock, and Reorder level.
Warehouse and Bin Management-
The software also provides features for Warehouse and Bin Management where it includes unlimited Lot, Bin support, and Serial number tracking. By allowing users to define bin capacity, the system is capable of handling multi-organization, multi-branch and multi-warehouse scenarios. The capacity of the bin can be defined in volume,physical dimension or both. User-defined Bin blocking and Bin-wise stock management are also available in the software.
The system has a facility for users to send Request for Quotation (RFQ). Installed purchase functions allow multiple supplier additions during RFQ and allows sending RFQs to un-registered suppliers. The software also maintains a supplier-wise history of price and their specific quotations.Item stock details like available quantity, reserved quantity and ordered quantity can be seen in ERPHUT MM.
Supplier Management module includes defining parameters of vendor evaluation. Supplier’s profile can be maintained by users themselves. Maintaining multiple shipping and billing addresses for each vendor is also possible in the system.
The system maintains price history of each item with supplier’s item code of specific suppliers and also renders performance of suppliers against price for each item with its last purchase price. ERPHUT MM also has the feature of dynamic linking of the item with the supplier. Vendor Management of ERPHUT MM also has User defined parameters and weightage setting for objective supplier performance evaluation. ERPHUT permits putting a Supplier on hold for a defined time period of a user. Blacklisting of Supplier is also supported in the system.
ERPHUT MM includes objective Supplier quotation evaluation. The system offers weightage setting and user defined parameters for evaluation. Generating merit list turns to be a consolidated weighted score. the system also provides an automatic option to rate quotations based on quotation value.
ERPHUT MM enables direct drafting of PO from approved quotation. The ERP System also supports approval to apply during PO generation. Scheduling Purchase Order Delivery is also available in the system. ERPHUT MM helps in minimizing PO creation effort. PO can be created by using functions like Draft mode PO, Making PO from a template or previously approved PO, PO from suggested order, etc. Draft mode facilitates the User to create a PO in multiple duplications and saving it in Draft mode for further work every time. This feature is particularly beneficial when POs includes a large number of line items and hence the user doesn’t need to take the pains of creating the entire PO in a single shot.
ERPHUT MM proffers Purchase Order generation of various sorts of purchase order like – Standard purchase order, Scheduled purchase order, Direct purchase order and Cash purchase order, etc.
ERPHUT ERP helps in creating Suggested Order on the basis of re-order level, safety level, previous orders or manual entry, purchase requisition, etc. The system allows taxation applying, discount and other charges at individual line item level. The software provides multiple currency support with current exchange rate features. It also allows multiple units of measurement.
ERPHUT MM permits assignment of Lot/Bin/Serial number for material received at the warehouse. Aside from this, adaptability to dispense numerous stock areas per item is likewise present. It is additionally conceivable to produce Single Goods Receipt Note (GRN) and Receipt for numerous PO alongside Single receipt for different deals returns. Auto-era of Rejected Material Dispatch Exhortation is an exceptionally vital component in ERPHUT MM.
ERPHUT MM allows automatic division of QC and non-QC materials amid stores receipt. The release of procurement receipt for invoice-able receipts is upheld. Dynamic work processes permit User Defined Multi-level endorsement in ERPHUT MM. Aside from this, ERPHUT MM has an element to create different alerts, for example, alert for material received after due date, material received beyond defined tolerance level and alert for expiry dates, and so on.
ERPHUT MM allows stock transfer for different scenes, for example, transferring from one warehouse to another warehouse inside the same organization or one organization to another organization. The system enables handling Stock in Transit. The module of optional transfer invoice is also available in the software. Transferring of overheads to the cost of goods is also a supported functionality in ERPHUT MM.