| ManEx Solution - 19 - Inventory by Project and Customer |
ManEx Case Solution
ManEx was designed from the ground up for electronic contract manufacturing. As a result, no other system fulfills the needs better. ManEx has many standard and optional modules designed to streamline inventory tracking and control.
- Inventory Control Management - This standard module allows users to control inventory at the warehouse location, manufacturer part number, customer part number, supplier part number, and internal part number levels. It is easy to see which parts are on hand, if they are allocated, and where they are in the facility.
- Project Management* - This module allows users to allocate inventory to a project while placing the order, and from general inventory. This simplifies the tracking process and facilitates simplified reporting allowing users to get real-time on-hand inventory quantities and values for any given project. It also provides inventory control preventing the accidental use of project inventory for non-project jobs.
- In-Plant Stores Management* - This module allows users to track and manage inventory owned by third parties. Users can invoice the customer for slow moving or inactive inventory to remove the value, but still maintain visibility. If the parts can be used on a future order, it manages the process of properly tracking the value so an order can be placed with the customer or supplier for that inventory. This reduces holding costs and time required to manage the inventory.
- Inventory by Warehouse - Users can separate the inventory by warehouse, even if the warehouse is physically in the same building. This increases functionality of the system and provides standard capabilities to increase inventory visibility and control.
- Inventory Allocation - This module allows users to allocate inventory to a job or project*. This allocation increases the level of control to ensure the parts are available when needed and used only for approved jobs.
- Custom Reports - The ability to create custom reports, allows users to setup special reports to streamline the reporting process. This can be in addition to any of the previously mentioned methods and allows for greater control and customization.
NE Company implemented the Project Module and started assigning all purchases to selected projects. They also assigned active on-hand inventory to the same projects.
These changes allow them to create an accurate on-hand exposure for any customer or project in under 30 minutes (including time to review components requiring special attention).
They also created several custom reports that leverage the added capabilities. This enabled them to conduct an evaluation of inventory common to multiple customers and projects and reduce the total exposure. It also enables them to review the total value of inventory purchased for a project and compare that to expected in order to provide additional metrics for evaluating their purchasing and production performance.
NE Company has been fortunate in that they have not lost any business recently, but their monthly updates to their largest customers reduces their liability, and allows the customers to better plan their orders and consumption. This value-add service has turned into a positive selling point and allowed them to differentiate from the competition and recently win new business.
*may require the purchase of an optional module
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| Article ID: 3258 |
