An ERP (enterprise resource planning) finance module is a software program that gathers financial data and generates reports such as ledgers, trail balance data, overall balance sheets and quarterly financial statements.
ERP is an industry term for the broad set of activities that helps an enterprise manage the important aspects of its business. The information made available through an ERP system provides visibility for key performance indicators (KPIs) required for meeting corporate objectives. ERP software applications can be used to manage product planning, purchase parts, maintain and keep track of inventories, interact with suppliers, provide customer service, and track orders.
Production Planning
In the process of evolution of manufacturing requirements planning (MRP) II into ERP, while vendors have developed more robust software for production planning, consulting firms have accumulated vast knowledge of implementing ERP production planning module. Production planning optimizes the utilization of manufacturing capacity, parts, components and material resources using historical production data and sales forecasting.
ERP production module will just handle a tiny portion of the production. The module begins with Product creation. There will be a component master and stage master. This module is mainly designed to monitor day-to-day production progress. On completion of any work order information will be passed on to despatch for delivery. Reports on the delivery schedule will be available in this module.
Production Planning helps an organization plan production with the optimum utilization of all available resources. Material Requirement Planning is done based on the production advice generated by the sales department. Feasibility of production is evaluated using details like raw material availability and procurement time, machine availability and capacity. A production schedule is generated for all machines where the scheduling is done in an optimized fashion based on the priorities of production.
Main features of production and production planning module
- Process definition with inputs, outputs, by-products, and overheads
- Definition of Bill of Material for all products up to any number of levels
- Planning based on customer wise production advice and sales forecast
- Material requirement planning: MRP based on machine capacity and availability, machine efficiency, raw material availability, lead time: giving feasible quantity for production
- Production plan for machines with optimum utilization of all available resources like raw materials and machines
- Option to revoke production plan to change input parameters/ production priority/ quantity using fresh production advice
- Generation of the production schedule for machines detailing inputs and outputs
- Analysis of machine efficiency and utilization
- Automatic generation of MRS and purchase requisitions on finalization of the plan
- Generation of process requisition for processes that have to be subcontracted
- Reserving quantity for production
- Automatic generation of job orders for production
- Option to make daily plans for production
Production Planning helps an organization plan production with the optimum utilization of all available resources. Material Requirement Planning is done based on the production advice generated by the sales department. Feasibility of production is evaluated using details like raw material availability and procurement time, machine availability and capacity. A production schedule is generated for all machines where the scheduling is done in an optimized fashion based on the priorities of production.
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