Overview

The solution can help enterprises establish production and purchase demands according to sales orders to ensure the consistency between production, supply, and sales. The purpose is to accelerate corporate inventory and capital turnover by planning production according to sales and planning supply according to production, to strengthen the management of master product data by managing complete material codes, BOMs, and engineering changes, and to improve the inventory data accuracy through real-time synchronization of business activities and inventory data.

WorkFlow

Business Process and Modular Functionalities 

• Product data management: The system can process BOM-related activities, and set multiple types of sub-item material attributes. The system can also support batch BOM maintenance, single-level and multi-level where-used lists and single-level and multi-level configuration, and list BOM differences.

• Sales management: The system can process activities involving orders, delivery, goods return, invoices, and payment collection. It also supports various sales activities such as sales on credit, prices, discounts, and sales promotion to help enterprises manage logistics, capital flow, and information flow effectively during the entire sales process.

• Product data management: The system can process BOM-related activities, and set multiple types of sub-item material attributes. The system can also support batch BOM maintenance, single-level and multi-level where-used lists and single-level and multi-level configuration, and list BOM differences.

• Sales management: The system can process activities involving orders, delivery, goods return, invoices, and payment collection. It also supports various sales activities such as sales on credit, prices, discounts, and sales promotion to help enterprises manage logistics, capital flow, and information flow effectively during the entire sales process. 
   
• Purchase management: The system can generate purchase requests according sales orders and process purchase requests, orders, goods receipt, goods return, and payment. It also supports various purchasing activities involving vendors, prices, and lot No. to help enterprises manage logistics, capital flow, and information flow effectively during the entire procurement process.
   
• Inventory management: The system supports operations related to inventory, delivery, and receipt, such as cycle counting, special service such as OEM production and assembly, inventory tracking such as lot No. and S/N management, and inventory analysis such as liquidated inventory analysis and inventory ABC analysis.
   
• Production management: The system can generate and release MOs by sales orders or generate sub-level MO from MO, and process operations such as material kitting checks, quota material picking, manufacturing reporting, and product receipt. Additionally, the system supports multiple types of products such as ordinary production, production by operation tracking, rework, and OEM production, MO changes or adjustment, various material picking methods, and scrapped material replenishment. The system also provides visual production scheduling tools, and supports advanced scheduling and tracking of each step in MO fulfillment.
   
• Subcontract manufacturing management: The system can process subcontract transactions, such as production material staging, subcontract delivery and receipt, subcontract inventory accounting, and subcontract settlement. The system also provides overall subcontract manufacturing management functions such as the management of subcontract MO changes, material staging changes and material scrapping, and query of data about simulation issue, sufficiency, and storage.
   
• Inventory accounting: The system provides the functions of inventory cost accounting, such as receipt and delivery accounting, automatic generation of vouchers, inventory depreciation reserves provision, A/C locking, reconciliation with G/L, and EOP closing. These functions can help enterprises calculate goods delivery and receipt costs rapidly.
   
• Cost management: The system supports the management of fixed-amount cost and cost allocation criteria. It provides functions such as expense collection and allocation, and cost accounting as well as cost management tools such as cost analysis, control, assessment, forecast, decision, and break-even analysis tools.
   
• Financial accounting management: The system can process accounting activities. It provides accounting functions such as voucher processing, withhold and amortization, auto-transfer, foreign exchange adjustment, and carry forward profit and loss. Additionally, the system provides financial management functions such as budgetary accounts, calculation of accrued interest, current accounting, and cash flow tables. The system can strengthen the lean management of corporate business through the integrated financial management functions such as automatic financial accounting, fixed assets management, current account management, and capital management.