18. MRP
(Ability to snapshot inventory balance at any given time. Ability to compare Inventory vs In Transit vs On PO vs On SO to know current and future inventory level)
For this analysis you should enter Reorder quantity, Lead time and Safety Stock for each Product at product setup level
Safety Stock is a level of extra stock that is maintained to mitigate the risk of stockouts due to uncertainties in supply and demand
Lead time is The time b/w the initiation and completion of a purchase process
Reorder Qty Inventory level of an item which signals the need for placement of a replenishment order, taking into account the consumption of the item during order lead time and the quantity required for the safety stock
Based on these parameters, you can run report to purchase the inventory
You can run this report based on the slabs as well as based on the quantity
From here you can create Purchase orders by selecting the products
We have forecasting reports as well to estimate the future sales and future inventory requirements.
You can run forecasting reports per location
This report shows the historical data for each product, based on this you can predict future inventory needs and you can place orders to purchase the inventory.
Attribution per location
You can setup these parameters at location level
https://alliedstoneinc.stoneprofits.com/vBatchUpdates.aspx?tab=1
Batch update for location wise reorder level and safety stock
https://alliedstoneinc.stoneprofits.com/cBatchUpdateProductReorderLevelsByLocations.aspx
