OptiPro ERP

Inventory Management

Inventory Management software from OptiProERP is a single solution that helps manufacturers and distributors track, monitor, and manage inventory. With real time visibility into inventory status, reporting is automated for time-saving ease and accuracy. 

OptiProERP’s inventory management software centralizes all information in a single location for real-time updates about the location and status of inventory from receipt of goods, to staging, production, finishing, and bin location. 

Benefits of OptiProERP’s Inventory Management

• Eliminate time-consuming manual inventory tracking with real time visibility into inventory location
• See inventory purchases automatically updated in Accounts Payable without error-prone manual posting
• Real-time synchronization of goods receipts and inventory levels to inform purchasing
• Purchase inventory Just-in-Time (JIT) based on sales orders, demand, and safety stock minimums
• Know the exact lead time needed for procurement and production to deliver on time
• Use the mobile app to check the valuation of inbound and outbound inventory wherever you are

Functionality of OptiProERP’s Inventory Management

• Control costs and improve procurement practices with real time visibility into your inventory position
• Use powerful real-time reporting to keep manufacturing schedules in lock step with inventory requirements
• Keep track of inventory levels in 3 different ways: physical counting, spot checks, and cycle counting
• Reduce inventory carrying posts by shipping3rd party parts or components directly to customers
• Categorize inventory by highest consumption value, lowest consumption rate, and interclass items
• Forecast inventory requirements accurately with hindcasting based on historical demand

Material Requirements Planning (MRP)

OptiProERP’s MRP software synchronizes the flow of materials in a deadline-driven order system that is aligned with the production schedule.

Benefits of OptiProERP’s Materials Requirements Planning

• Lower inventory carrying costs
• Deliver on time, every time
• One view of all demand-driven activities
• Minimize order lead times
• Receive materials on time

Functionality of OptiProERP’s Materials Requirements Planning

• Predict inventory demand by sales orders, minimum stock requirements or recurring seasonal orders
• Manage multi-site distributed demand from a single dashboard and reduce costs with bulk purchasing 
• The central MRP screen shows all supply and demand information. The user-friendly display identifies all of the materials that need to be produced or purchased to maintain minimum stock levels or to fulfill sales orders 
• Run and refresh manufacturing and purchasing plans tied to optimal inventory availability that aligns with the Master Production Schedule
• The Master Requirements Planning (MRP) logic engine collects information received either directly from sales orders or from a demand forecast 
• MRP receives input from the Master Production Schedule (MPS) about the quantities of finished products that must be produced to fulfill either a sales order or to meet the demand forecast 
• The MRP application produces outcomes like populating orders and reports, quantity requirements and runs scenarios
• The MRP screen displays exactly what needs to be purchased and/or produced
• Create production/purchase orders from the MRP display
• Material requirements planning consolidates demand, scheduling and inventory requirements into a single view for manufacturing and purchasing requirements
• Schedule MRP updates when it’s convenient. Its logic engine ensures accuracy, deleting all previous plans 
• MRP updates recalculates requirements and re-plans for the materials needed
• Generate forecasts in a few clicks from the central screen
• Identify potential late orders before they occur
• Reschedule priority jobs and see downstream effects on orders and inventory 
• Works with projected and actual supply chain demand to create production, purchasing, and inventory schedules
• Forecast inventory demand by sales order, historical sales patterns or to meet minimum stock requirements
• Working backward, the planning engine automatically calculates materials, resources and capacity needed to complete each step
• Working within predefined operational capacity, the Resource Planning tool allocates work based upon the capacity of available resources

OptiProERP’s Warehouse Management Software reduces overhead and cycle times while increasing inventory turns. It automatically coordinates and records the movement of inventory, including: materials, parts, work in process, and finished goods.

Benefits of OptiProERP’s Warehouse Management

• Helps to increase the speed and accuracy of order fulfillment 
• It helps reduce unused inventory and lower carrying costs 
• Minimize shipping, receiving, and handling errors
• Optimize movement of raw materials, WIP, and finished goods 
• Respond quickly to changing demand and handle high-volume transactions with automated processes 
• Experience real-time integration with other ERP functions to inform inventory status and warehouse management 
• Minimize handling costs, maximize warehouse efficiency, and deliver error-free orders on-time

Functionality of OptiProERP’s Warehouse Management

• Role-based screens save you time and simplify your workday. Providing step-by-step guidance, the process-driven screens help the user execute tasks flawlessly with fewer clicks 
• Easy access to drill-down information means that you spend less time looking for what you need and more time doing your work
• Use the mobile app to issue materials for delivery or production and record receipt of goods from vendors or the shop floor 
• Use cycle, spot, or physical counting of inventory for real-time status of on-hand stock 
• Set replenishment alerts and execute transactions and track activity using the mobile app and hand-held scanners with barcodes or QR codes
• Manage customer-initiated delivery changes or cancellations and fulfill orders accurately and on time