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Inventory Management

Get control on work in progress (WIP) and enable traceability

 

Do you need to manage material lots, WIP and finished goods? Do you need traceability? 

Product traceability is a growing trend. To enable traceability you must label and manage your inventory. Use the Inventory software module of Shopfloor-Online to:
  • Keep a tight control on inventory and reduce working capital
  • Track lots of raw materials, semi-finished and finished goods, from goods-in to the warehouse in the MES software
  • Implement full traceability in both directions from product made to materials consumed, or materials consumed to products affected
  • Synchronise real-time inventory with the ERP
 

Create inventory lots

  • Create a record for each lot of inventory created (including semi-finished goods and finished goods) and automatically attach traceability details such as work centre, creation date/time, production order, and so on 
  • Create inventory records when goods are received and automatically attach traceability details such as supplier, supplier lot number, supplier traceability information
  • Optionally, automatically generate unique lot numbers in user defined formats

Move inventory

  • Move inventory between locations: warehouses, local stores, bins, racks
  • Keep a complete movement history of each lot 
  • Pack lots onto containers and move containers around the factory

Manage quality states

  • Inventory lots can change state using a user-defined set of states. For example inventory can be created, isolated, scrapped and released. Set up rules that control valid state changes.
  • When inventory is isolated or scrapped capture the reasons why for subsequent analysis
  • Keep a history of the state changes, including who made the decision, when and where

Inventory control

  • Generate user defined first in - first out (FIFO) keys, used in subsequent consumption operations to ensure oldest stock is consumed first
  • Use best-before dates and use-after dates to ensure aged inventory is used within requirements

Synchronise with ERP/Warehouse Systems

  • Create a seamless link to the Warehousing systems or ERP
  • Reduce working capital – reduce WIP levels, know what is available, implement a pull strategy
  • Stock accuracy – implement better control of inventory at a lot level
  • Visibility – see exactly where all inventory lots are at any point in time
  • Quality – manage isolations and release properly
  • Traceability - meet customer requirements for full two-way traceability
  • Continuous improvement – analyse the historic data e.g. top 10 scrap reasons
  • Business continuity - inventory managed in MES means it is isolated from ERP outage

Get more value from the inventory management system by using it in conjunction with other applications of Shopfloor-Online MES.

  • Label Printing – automatically print bar code labels as lots are created.
  • Traceability – Consumption - to achieve full material traceability, and track inventory consumption (raw material and Work in Progress) in the production of new materials
  • Build Traceability - to gain full traceability of serialised parts
  • Warehousing – Logistics - receive inbound deliveries, ship outbound deliveries and implement material movement orders
  • Customer Complaints - to achieve traceability from inventory pack number back through all aspects of production