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Material Management
This module handles procurement, inventory control, and stock optimization to ensure efficient resource utilization and cost management.
By biCanvas
Category
Module Of Infrastructure
Last Update
20/12/2022
Language
English
Terms
View Term & Condition
Description
About Module
This module oversees procurement, inventory control, and logistics. It tracks material requirements, manages supplier relationships, optimizes inventory levels, and facilitates seamless supply chain operations. This module integrates with other ERP functions to ensure timely availability of materials while minimizing costs and improving efficiency across production and distribution channels.
Key Features Of Module
Inventory Control
Monitors stock levels, movements, and location of materials in real-time to optimize inventory control.
Procurement Management
Manages supplier information, procurement processes, and performance evaluations to ensure reliable material sourcing.
Warehouse Management
Automates the creation, approval, and tracking of purchase orders to streamline procurement workflows.
Material Requirement Planning (MRP)
Forecasts material needs based on production schedules and sales orders to prevent shortages or overstocking.
Supplier Relationship Management
Automatically triggers restocking actions based on predefined thresholds to maintain optimal inventory levels.
Tax Management
Inspects and records material quality upon receipt to ensure compliance with specifications and standards.
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