OmegaCube’s Inventory management solution provides you with very powerful capabilities to plan, procure, build, manage and track inventory in real time. As a manufacturer or a distributor, you have an ability to manage inventory levels, genealogy, costing, ownership and every other detail about inventory.
- Meet fulfillment expectations with full visibility and control of your supply chain
- Improve cash flow by having right inventory at the right cost at the right place
- Meet compliance requirements by maintaining an accurate genealogy and traceability throughout your supply chain
- Collaborate with customers and vendors to maintain real time information for demand and supply
Key Features
Traceability
Maintain full cradle to grave traceability information for lots and serial numbers. View this information in an intuitive graphical tree. Maintain compliance requirements and provide automatically generated certificates of compliance. Track Heat # and material composition data and attach mill certificates to lot numbers.
Consignments
Manage customer and vendor consignments and track inventory counts at each of these locations. Automate invoice generation when consignments are used. Send electronic generated inventory reports for customers and vendors.
Bar coding
Use bar codes to move inventory, picking, receiving and shipping processes. Generate bar code labels using the in-built report writer in the system or using more industrial applications like Bartender. Utilize label printing with bar codes.
Standard or Actual Costing
Use Standard of actual costing methods. Analyze purchase price or manufacturing variance when using standard costing. Track actual costs as material is procured and manufactured in actual cost environments. Track detailed breakdown for part costs – material, overhead, labor, outside process
Usage Analysis
Benefit from inventory trend and usage analysis tools available in the system. Identify movement and cost trends, slow moving inventory, obsolete inventory and make decisions regarding EOQ, safety stock and reorder points.
Location Management
Maintain a master list of inventory locations to include shipping, receiving, quality hold, warehouse, work center and vendor locations. Transfer inventory from one location to another using mobile devices.
Inventory Counting
Perform inventory counting using cycle count or full inventory methods. Utilize bar codes to count inventory and reduce errors. Use parameters like Item types, location and warehouse to perform counting operations.
Related Topics
What is Suppliers and Purchasing in ERP?
Suppliers and Purchasing in OmegaCube ERP helps manufacturers to efficiently track and manage the entire flow of raw materials right from its suppliers to the warehouse, to the factory till the final product reaches the customer. It helps improve supplier relationships via continuous goods monitoring, quality control, data-sharing via EDI, and self-service portals for suppliers.
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What is Material Requirement Planning (MRP) in ERP?
Material Requirement Planning (MRP) in OmegaCube ERP helps manufacturers to accurately calculate the amount of materials and components to manufacture a product. The calculation takes into account, the total number of orders in-hand, existing inventory levels and the delivery due date. Based on these parameters, material procurement is initiated from approved suppliers.
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What is Planning and Scheduling in ERP?
Planning and Scheduling in OmegaCube ERP automates production planning and scheduling workflows by taking material, manpower and machine availability into consideration. It improves capacity utilization during production, operator productivity, optimum supply chain planning, and on-time delivery to customers.
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