| ManEx Solution - 342008 - Customer Owned Inventory |
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ManEx Case Solution
For companies with similar circumstances to NE Company, using built-in capabilities to reduce time and human error is the best option.
To use the module and get the benefits, NE Company followed the following steps with each batch of inventory using the In-Plant Store (IPS) module:
- upload the new inventory quantities to the previously established parts list
- update contract pricing as needed
- consume the parts in production
- purchase the parts, from the customer, according to contract timing and pricing
Using the IPS, NE Company was able to easily manage a large number of parts. They were able to effectively overcome common issues with multiple inventory types and owners, while providing value-added solutions to their customers. With this module they have:
- total visibility of the AVL and quantities on hand,
- MRP consume all inventory before purchasing more,
- control and visibility of contract pricing,
- purchasing easily "order" the parts as they are consumed,
- receiving automated since kitting from IPS removes the need for receiving,
- no inventory value on the books until the parts are pulled for production,
- the ability to quickly upload new inventory quantities if needed.
Compared to their old process of separate excel spreadsheets, the new module is much faster and more accurate.
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| Article ID: 3119 |
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