A preferred choice of next-gen business leaders to take key business decisions.
Gain insights with Industry specific success stories, case studies, videos and whitepapers for Sage Solutions
Get a comprehensive understanding on how to leverage maximum return and potential for ERP Software
Summary: Inventory management is an essential function for companies operating in the manufacturing sector. The two most critical aspects of inventory are acquiring raw materials from vendors and storing the finished products in the warehouse. Companies need to ensure traceability of manufacturing operations, order replenishment & deliveries on time, lot traceability, compliance with inventory updates in real-time, and much more. Fortunately, MES software is a comprehensive system that allows manufacturing companies to track materials in the warehouse, improve stock accuracy, track lot traceability, and achieve compliance.
Let’s delve deep into each module one by one.
The inventory management module of the MES software tracks raw materials, semi-finished, and finished products. It implements bi-directional traceability from materials consumed to products made and from products made to materials consumed. Moreover, it helps reduce working capital and keeps tight control over the inventory. The best part is that users can get real-time updates about the inventory status. Furthermore, the software can automatically order raw materials if the stock falls below the set threshold.
Manufacturing companies need to efficiently manage the raw materials coming inside the warehouse and the finished products moving out. The warehouse & logistics module helps replenish materials consumed, manage shipments, handle internal deliveries to production processes, and much more. MES software manages all these operations effectively and also updates crucial data into the ERP software in real-time.
You can reduce the operating cost substantially by printing bar-code labels on-demand instead of printing in advance. The label printing module prints labels on-demand automatically. You can also create various templates for different situations like shipping labels, internal labels, and final labels. Moreover, this module also shows precise information about safety & hazard warnings, lot number, part number, next operation, and description.
Manufacturers of safety-critical products require to extend traceability to serialized parts. The traceability feature of the MES software ensures the final product has the right in-built parts that eventually help achieve compliance. The “Build Traceability” feature of the MES software records the serial numbers of the components/parts used in the manufacturing production process. Moreover, it also traces the time for which each part goes through a manufacturing operation.
For facilitating the implementation of material traceability in your manufacturing operations, you should know which inventory lots were used to manufacture each product. The traceability and consumption module tracks output against consumption, eliminates errors, and prioritizes the use of components/materials. This module and the inventory management module allow improving the accuracy of the raw material stock in the ERP software. They also record the consumption of semi-finished goods and raw material lots in the production process.
At Sage Software Solutions (P) Ltd., we are home to world-class ERP software and CRM software that will solidify your business tech support fundamentals and enable you to build a customer-centric organization. You can also write to us at email@example.com.
Disclaimer: All the information, views, and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views, or objectives of Sage Software Solutions (P) Ltd.