Inventory Management

Inventory Management
Inventory Management

Inventory Management

Inventory Management provides the key functions necessary to update and maintain raw materials, WIP and finished goods inventory quantities and costs. When a new job is entered through the Job Management module or generated from Order Management, the material requirements create inventory allocations. These allocations are relieved as inventory items are issued to the job, or as purchase order receipts for purchased items are posted.

Issued inventory reduces inventory quantities on hand, which are continually replenished through the processing of purchased or manufactured item receipts into inventory. Receipt processing provides a continual update of inventory average and lost costs, maintained for every item. A variety of screen inquiries, including Part Tracker and printed reports, provide extensive management analysis in the areas of material requirements planning, shortage monitoring, reorder analysis, stock status, valuation and critical items.

Online Part Tracker
View parts, purchase orders, sales orders, quotes and jobs to analyze current requirements and to track pending receipts.

Flexible Costing
Average, last and standard costs may be maintained for each individual part master.

Mass Issue
Quickly issue all planned materials to a particular job, instead of entering them individually. Issue transactions generated in this program reduce inventory quantities, and post material costs to jobs in the Job Management module.

Time-Phased Material Inquiry/Report
Provides analysis within a user-defined time period on those parts where projected requirements exceed available quantities. Material and purchasing managers have a tremendous tool to prevent part shortages at critical times.

Multiple Warehouses/Bins
Track parts stored in multiple locations through warehouse status inquiry and warehouse transfer audits.

Substitute Parts
A substitute parts file is maintained for ease in browsing when primary part shortages exist.

Material Backflush
Materials may be optionally backflushed as quantities are reported complete at the job operation level.

Cross Reference
Track relationships between distinct customer part number and internal part number fields.

Part Master Price Breaks
Price breaks per inventory part/vendor, including effectivity date.

Physical Inventory
Enter physical counts, print gain/loss reports and update on-hand inventory levels.

Inventory Lot Tracking
Enter lot references for both purchased and manufactured items. The lot reference is entered when parts are received or issued for display throughout Vantage.

Serial Tracking
Assign serial numbers to manufactured or purchased parts for tracking throughout the life of the product. Serial Tracker provides an online view into the movement of the product after the serial number was assigned.

How YGL BeyondERP can help SMEs in manufacturing industry to adopt and implement Industry 4.0?

We Help Manage Industry 4.0 Implementation via ERP System

With YGL, you’ll be working with the most experienced professionals in the ERP industry. Whether you need short-term support or resources for a long term engagements, our ERP Consultants have the expertise to help you implement and integrate the ERP system requirement for Industry 4.0. With a core team of functional and technical ERP consultants that are both skilled and certified, we can quickly implement a robust ERP System to maximize the value of your investment.

YGL BeyondERP system applications allows you to enable a seamless workflow from your finance to warehouse and right down to your production efficiency by providing you the essential management dashboard which allows you to have a clear visibility.

As an industry leader in ERP system Implementation, we can be sure that each YGL consultants have the highest qualifications. We provide a wide range of ERP System Integrations with experience ranging from IOT(Internet of Things) right down to Data analytics  on OEE (Overall Equipment Effectiveness), supporting all functional modules to complete project management for your project needs. All of our consultants are fully vetted for the project they’re submitted for, which means you’re only reviewing the most qualified consultants who do what you need done.

We Can Help to implement ERP System Integration under Industry 4.0

We look forward to hearing from you. Contact us today so that we can help you with our YGL BeyondERP which is strategy Industry 4.0 ready implementation needs heading towards Industry 4.0.

Get in touch with us.

YglWorld PG (HQ)
10450 Penang Island

YglWorld KL
Suite 9-10
Wisma UOA II,
Jalan Pinang 50450
Kuala Lumpur

G2 Search: beyonderp

Close Menu