What is the functionality of Lot Tracking in an ERP system?

What is the functionality of Lot Tracking in an ERP system?

Lot tracking system records information regarding a batch of product. Lot tracking allows to track several units of a stock item using the same lot or batch number. User can determine what can be purchased or sold by Lot status. Expiry dates and user defined statuses allow you to further control the stock item. You cannot sell stock items that have reached or passed their expiry date.. You can track items by lot number and serial number - Lot tracked items are where the tracking (Lot) number refers to a specified quantity of the items, serial numbers are applied to individual items.

Lot Control and serialization options are defined at the system level and when one of these options is activated individual items are defined to be controlled by either lot number or serial number or by item number (not lot or serial tracked) on the part master file. When a part is defined as being tracked by lot number or serial number, that tracking is enforced throughout all material transactions for that item and upward through its parent items.

For purchased items lot or serial numbers are required for the full quantity of receipt, and are entered as part of the receiving transaction. For receipts with many serial number tracked items, ranges of numbers may be entered. A running total of items accounted for with lot or serial number assignments are displayed, thereby ensuring that the entire received quantity is properly identified prior to completion of the transaction.

Furthermore, the system checks current inventory to ensure that duplicate numbers are not assigned. On subsequent inventory transactions, lot and serial traceability is enforced upward through the item's bill of material structure. The lot or serial number and quantity are required on all material issues.
 

http://www.eresourceerp.com/functionality-of-Lot-Tracking-in-ERP.html

What are the possible mistakes committed during implementation of an ERP system?

What are the possible mistakes committed during implementation of an ERP system?
As we have said it earlier, all ERP implementations cannot be 100 per cent successful and the reasons for this are various. Though this may be the ground reality, the failure percentages are getting reduced to the lowest, which is surely an encouraging development.

Poor planning is the main cause of ERP implementation failure. The scope, size, complexity and change required for a successful ERP implementation requires support from all corners of an organization. Without major decision makers involved from the beginning, critical steps and activities can be easily overlooked.

Change management is the second reason for any ERP implementation failure. Changing the corporate culture, business processes and employee training can be a long-term, uphill climb. Understanding change management and training are essential components to a successful ERP implementation. Employee training should begin before implementation, educating all employees of the benefits of using this new tool; making their jobs easier and the organization more efficient as a whole.

Poor selection of wrong ERP tool is another reason. Some of the biggest ERP implementation failures occur due a mismatch between the needs, processes and structure of your organization with the implemented software. This can create significant problems such as loss of productivity and time along with many of the new system's benefits. Therefore it is very important to select the right ERP system for your business to avoid any failure from that quarter.

Thoroughly understanding the complexity of an ERP implement would contribute to the success of its implementation. Some companies, on the process of cost-saving exercises, will run over budget on their ERP project by requiring their IT department to work overtime to complete the implementation. However, with inadequate skills and directives from the contracted software provider this exercise of the IT department will turn out to be disaster which would create only more knots in your ERP implementation than make any progress.

It is important consider your ERP system as a complex project. Considering the ERP system as a simple IT project can be the most costly mistake one can make. Without proper input company-wide, your ERP system will not be engineered and aligned to work with the business processes and needs of your employees.

http://www.eresourceerp.com 

Contact Us

REGISTERED OFFICE

TMA House, 1st Floor,

Road No 16, Plot No. 6,

Wagle Industrial Estate,

Thane (West) 400 604, Maharashtra

Tel: +91 22 41118000 / 8049 (50 lines)

+91 22 25828775

e-mail (Sales): sales@eresourceerp.com

Middle East UAE

eresource Middle East FZE

P.O Box: 513071, Sharjah,

United Arab Emirates

Contact Person: Sudheer Soman Nair, CEO

Mob: 00 97155 9018499

email: sudheer.nair@eresourceinfotech.com