Inventory Optimization

PMTrack ERP with its MRP –I and II helps the store’s manager to better forecast the stock arrivals, control minimum and maximum levels while staying in-line with the demands of the production shop to comply with the delivery schedule. With the system in hand the manager becomes an ‘internal supplier’ of not just the Raw Materials but also of the Consumables, Tools and Dies etc. The manager of stores is not merely a record-keeper; he/she is the custodian and controller of my most valuable assets.

He/She dearly would need the system to apply the FIFO (first in, first out) approach…identify slow moving or non-moving stock. …audit your stock….and keep it reconciled with your books of accounts. Inventory optimization part of the PMTrack ERP platform is the vital piece of code so that ‘the people in your product value chain’ can track the stock levels at all times. Post deployment of an ERP ‘the whole organization’ works in tandem to ensure On-time-Delivery (OTD) as well as OTIF.

Some of our customers find the ERP system helpful to have in place tighter controls over ‘higher-value items’ by grouping inventory items into A, B, and C categories. Another one of our clients’ a Auto-parts manufacturing company who were using spreadsheets (like MS Excel) confirmed that “spreadsheet isn’t effective in inventory optimization because someone has to update the numbers manually, which take time and means the data is almost always out of date”

ERP Software For Manufacturing Industry

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PMTRACK ERP Software Functions

Solve your business management challenges with PMTRACK ERP software

Cost Control

It’s easy for costs to get out of control in a manufacturing or distribution business – particularly if you don’t know it’s happening.

Growth Management

Maybe you’ve expanded beyond your original product line to diversify your business. Perhaps you’ve undergone a merger

Business Intelligence

In manufacturing, customer demand for high quality at a low cost is an ever-present reality. Price pressure can feel overwhelming, especially when you’re facing global competitors.

Financial Mgmt

Manufacturing management in the 21st century requires agility, flexiblity and responsiveness to both customer demand and volatile market conditions.

Governance,Risk and Compliance

If you work in a highly regulated industry making or distributing safety or health products, your business demands lot traceability.

Inventory Optimization

Inventory optimization is a high-wire balancing act for manufacturers and distributors.

Lets work together to create positive change in your business

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Inventory Optimization