Supplier Releasing
A flexible and fully integrated system to manage supplier contracts and releases
HoneycombERP® Supplier Releasing provides for the management and optimization of purchasing contracts with suppliers. A very rich and deep set of functionality allows for the control of releases, advanced logistics and accounting controls.
Module Features
- Flexible Purchasing Options
- Release Management
- Receive Advanced Shipping Notices (ASNs)
- Letter of Credit Management
- Load Planning
- Shipping Management
- Comprehensive Audit Trail
Flexible Purchasing Options
Supplier Releasing provides flexible options for entering into contracts with suppliers and managing supplier releases.
Release Management
- Release management by either discrete or cumulative amounts
- Flexible purchasing options
- Ability to receive Advanced Shipping Notices (ASNs) unattended
- Automatic generation of release numbers
- Tracking of highest total authorized YTD released-to-ship, released to fabricate and released-to-purchase raw quantities
- Comprehensive audit trails of all information sent to suppliers
Receive Advanced Shipping Notices (ASNs)
An advance ship notice or advance shipping notice (ASN) is a notification of pending deliveries, similar to a packing list. Advance Shipment Notice (ASN) is transmitted via Electronic Data Interchange (EDI) from a supplier to let the receiving organization know that a shipment is coming. The ASN contains details including shipment date, time, and identification number; packing slip data; freight information; item detail including cumulative received quantities; purchase order number; and returnable container information.
Letter of Credit Management
A Letter of Credit is always sent by the Buyer’s bank to the Seller’s Bank or any bank that is becomes an advising bank. Normally the Seller’s bank becomes an advising bank when a normal LC is received and it delivers or advises the buyer regarding the receipt of LC with no responsibility towards it. In case of a Confirmed LC, the Seller’s bank checks out the authentication of the LC from the Buyer’s bank and confirms to stand responsible for negotiating, collecting payment from the Buyer’s bank and making payment to the seller in line with the terms and conditions stipulated in the LC. By adding confirmation to the LC, the Seller’s bank too becomes equally responsible to make payment for the transaction under the LC.
Seller’s Bank in turn will charge and collect service charges from the Seller for the same.
Load Planning
Load planning is the process by which shipments are turned into larger loads. With Descartes users can combine shipments for efficiency and cost savings with the ability to manually create loads, or to use the system’s aggregation and routing algorithms to automatically create optimized shipment combinations.
Shipping Management
Shipping Management enables packing group codes to be assigned to deliveries and ensures that they are picked, packed and shipped together. This lets companies pre-group items based on what is sensible for shipping purposes and reduces transportation costs. The module will also automatically suggest split shipments, which helps companies to be more responsive while maximizing inventory utilization and cash flow.
HoneycombERP® Shipment Management is a sophisticated system that supports both the discrete and cumulative tracking of customer orders, including release-to-pack and release-to- ship. An internal forecast processor retains all forecast releases and views them as independent demands. The software also supports movements within a manufacturing facility and integrates with all message handling and bar code scanning.
Comprehensive Audit Trail
HoneycombERP® provides a comprehensive audit trail of all modifications to the original contract in addition to an audit trail of all releases, advanced shipment notices, receipts, inspections and returns. Daily planned receipts can be reviewed online or by requesting a hardcopy report.