Multiple Receiving against Single PO

Sometimes, items can be received multiple times against a single Purchase Order. In such case, this feature comes in handy and avoids creating multiple receipts for multiple purchase orders.

HoneycombERP® allows users to select single Purchase Order to create a Multiple Receipts.

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Single Receiving against Multiple Pos

On the contrary, user can receive a Single Receipt against multiple Purchase Orders by Vendor. In such case, this feature is useful and avoids creating multiple receipts for multiple purchase orders.

HoneycombERP® allows users to select multiple Purchase Orders to create a Single Receipt Entry. For e.g. when we want to create a Receipt against three different Purchase Orders for the same vendor.

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Provides Pick, Issue, Pack and Ship processes

Pick, Issue, pack and Ship is part of the fulfillment process of any supply chain. It includes the procedures that take products and goods from a company’s inventory, package them, and send them to the customer. Businesses are always looking for new ways to streamline this process, as it can help to not only speed up their supply chain, but also save on expenses.

HoneycombERP® SCM manages and provides full functionality of above features.

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Allows Back Flushing or Selected Components

Process of determining the number of parts that must be subtracted from inventory records. This number is computed by referring to the number of parts withdrawn from the inventory (and delivered to the shop floor) and the number of parts assumed (according to the bill of materials) to have been consumed in a manufacturing line at one or more deduct points.

HoneycombERP® SCM helps to use above feature.

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Just-in-Time Procurement

Just-in-time manufacturing was a concept introduced to the United States by the Ford motor company. It works on a demand-pull basis, contrary to hitherto used techniques, which worked on a production-push basis.

To elaborate further, under just-in-time manufacturing (colloquially referred to as JIT production systems), actual orders dictate what should be manufactured, so that the exact quantity is produced at the exact time that is required.

Just-in-time production requires intricate planning in terms of procurement policies and the manufacturing process if its implementation is to be a success.

HoneycombERP® like any highly advanced technological support systems provide the necessary back-up that Just-in-time manufacturing demands with production scheduling and electronic data interchange being the most sought after.

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Material Supply Audit Trail

HoneycombERP® Material Supply Audit Trial includes:

• Maintains Supply Item Deduction file to offset supply items
• Offset transactions included in supply item deduction report
• Tracks material supply POs through supplier master location

Tracks receipt of completed PO items from supplier back to work center

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Ordered & Actual Receipts

Organizations are very keen to know planned and actual receipts on daily basis in order to meet customer demands. The Inventory Management component can handle both planned goods receipts and unplanned goods receipts. Planning a goods receipt in advance means storing certain information that is important for the goods receipt before the actual goods receipt is posted, for example:

• What? (Which material?)
• How much? (In which quantity?)
• When? (On which delivery date?)
• From where? (From which vendor or plant?)
• To where? (To which destination, into which stock?)

The goal of this planning is to simplify and accelerate the goods receipt process and to better organize the work at the goods receiving point, so that bottlenecks can be avoided, for example.

Also, if goods receipts are planned, Materials Planning can monitor the stocks of ordered or manufactured materials and achieve an optimal inventory balance.

Unless receipts are planned, the system cannot track materials that have been ordered. Planned receipts, therefore, are crucial to regulating the level of inventory in the warehouse. Planned receipts are also important for determining whether you have received materials promised by vendors or in-house production. Without them, the system cannot establish a link between orders and received material.

HoneycombERP® provides the following:

• Daily planned and actual receipts reports
• Automatic transmission of receiving and discrepancy advisories
• Containers tracked by type

Supplier performance evaluations

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Complete Financial Control & Integration

Integrated Planning of Outsourced Materials

“Material Supply” items are planned by HoneycombERP® Material Requirements Planning (MRP) or Project Resource Planning (PRP), and identified as components required to be provided to a supplier on the creation of a PO.

Versatility

The system provides the financial control of three item types, thereby creating the capability for an extremely flexible relationship between manufacturer and supplier.

• Chargeable supply items: The supplier bills for the entire subassembly. The cost of the material supply items is subtracted from the supplier’s invoice total.
• Customer-furnished supply items: The supplier bills only for the value-added cost or his contribution to the subassembly.
• Consigned material: The supplier bills for the entire subassembly. Material Supply periodically checks inventory and generates a report used to charge the supplier through HoneycombERP® billing for supplied materials.

Complete Visibility

The system manages materials at a supplier’s inventory location as though it were an extension to your location. Items are tracked until they are received back from the supplier: They are then back flushed or consumed to reflect issuance from the supplier, which provides continuous, full visibility.

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Accepted Quote Conversion to PO

Once the quotes are received from vendors the next step will to allot PO to any vendor after necessary evaluation.

HoneycombERP® simplifies this process by converting accepted quotes to Pos.

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