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

ERP - Enterprise Resource Planning. Understanding ERP System

Enterprise Resource Planning system, popularly known as ERP system, the descendant of MRPII offers the answer to the economic and productivity troubles of manufacturing and service enterprises. Thus, the ERP system has become very popular as an enterprise management software tool.
ERP is a Software application that provides an organization with functionality for two or more systems. While some ERP packages initially covered two to three functions for an organization most ERP systems today cover almost all the business functions of an organization.
As the name suggests, the term ERP referred to how a large organization planned to use a organization's wide resources. It was the larger companies that have opted to use the ERP systems initially. However, the use of ERP has changed and today the term can refer to any type of company, no matter what industry it falls in. In fact, ERP systems are used in almost any type of organization - large or small.
The latest ERP tools available in the market today can cover a wide range of functions and integrate them into one unified database. For instance, functions such as Human Resources, Supply Chain Management, Customer Relations Management, Financials, Manufacturing functions and Warehouse Management functions were all once stand alone software applications, usually housed with their own database and network, can now fit under one umbrella called ERP.
Popularity of the ERP system has grown with its vast usage among the all kind of industries, Today majority of the midsize organizations are using ERP to support a variety of business issues, including globalization, lean manufacturing, conducting e-business, consolidation, shared services, collaborating with suppliers and meeting the requirements of new customers.

In today's competitive business world usage of ERP system is becoming a must for any organization to meet the challenges faced in their business process. Studies also reveal that very few midsize companies that don't already have an ERP implemented are facing numerous problems in their production and sales departments.


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Why some companies are still using legacy systems?

Legacy systems utilize outmoded programming languages, software and/or hardware that typically are no longer supported by latest ERP software.

Legacy systems are still used by some companies because they think a change over may cost them lot and potential risk of business interruption associated with the movement of data and key business processes to more advanced and contemporary technologies.

We have seen number of companies still heavily reliant on decades-old legacy systems. Further complicating the situation, many of these companies has been built through a series of mergers often must manage a variety of incompatible legacy systems inherited from their predecessor organizations.

In general, legacy systems tend to be given inadequate resources for their proper maintenance, even when an upgrade to contemporary technology is not being contemplated seriously. The blame must go to the decision makers in the organization and the non-technical executives who tend to assume that they can continue to run on the cheap, and underestimate the risks of taking this approach.

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Contact Person: Sudheer Soman Nair, CEO

Mob: 00 97155 9018499

email: sudheer.nair@eresourceinfotech.com

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What is customization of an ERP System?

In normal circumstances an ERP Software being developed as per the specific industry requirement recommended by the organization or the company. However, in some cases, for reasons of misalignment and strategic alignment, customizations of enterprise systems are necessary.

As you know that an ERP system is already a complex system, which requires massive amounts of organizational change as part of the implementation process. Therefore the added complexity of customizing the ERP system can be little problematic, if not carried out in very professional manner.

Customization of ERP system refers to either interfaces or modification. This kind of customization in an ERP system will have the biggest impact on strategic alignment and system agility. Also, interfaces and modifications are both "code" change type customization, meaning that a certain amount of custom programming is required to achieve this type of customization.

Customization is carried out to place the system in proper working mode because the running ERP business process does not mirror the desired business process. Strategic customizations and consistency customizations are the two types of customizations that are carried out in an ERP Software system. Strategic customizations are important, as these types of customizations aid in strategic alignment. Consistency customizations are customizations made for the purpose of replicating a status quo business process.

for more information check this link : http://www.eresourceerp.com/todaysquestion.html

MUMBAI

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 MiddleEast FZE

P.O Box: 513071,

Sharjah,

United Arab Emirates

Contact Person: Sudheer Soman Nair, CEO

Mob: 00 97155 9018499

email: sudheer.nair@eresourceinfotech.com

http://www.eresourceerp.com

Business benefit from ERP

Business benefit from ERP


We are sure that the impact of implementation of eresource ERP would be visible in your business within a short period. One of our objectives is to provide the Indians SMEs with a home-grown ERP solution which they could afford and bring the desired benefit in their business quickly. eresource ERP software has been designed and developed accordingly.

The added feature of eresource ERP is its quick implementation process. It is race against time and money for many of Indian SMEs and by fully understanding this situation, eresource ERP has introduced our Guaranteed On-Time Implementation offer.

Eresource offers a full refund for any implementation fees where the agreed-upon ERP go live date is delayed, provided the customer meets all defined milestone deliverables on time. Eresource is the only ERP solution provider that has earned extremely high marks from all their existing customers for its customer support.

for more information check this link : http://www.eresourceerp.com/ERP-benefits.html
Contact us at:
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)
e-mail (Sales): sales@eresourceerp.com, 
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Cost-effective, user-friendly, web-based ERP system

Cost-effective, user-friendly, web-based ERP system


MANY of the organizations still depending on their old legacy system are facing hindrance in their progress due to this incompatible system in today's fast growing business environment.

The opportunity to see the benefits of a new system is offset by the distraction of the potential cost and effort. This delay may postpone the incidence of changeover costs, but this is offset by the costs incurred through the missed opportunities associated with the enhanced functionality.

When the decision is finally taken to implement a system which can provide operational excellence and a substantial return on investment, organizations must take the advantages of eresource ERP in the way of affordable cost, on-time implementation and risk-free on-line service back up.

One of the most important advantages of eresource ERP is that it is the cost-effective easy-to-use Web-based ERP application which has been produced in India, the world's number one IT hub.

Other important factor is, over the years eresource ERP has been proved to be highly successful ERP solution for Manufacturing, Pharmaceutical, Fleet Management, Construction and Infrastructure as well as Oil and Gas industries.

Following are some of the major factors of eresource ERP's popularity.


Eliminate the limitations of the legacy system such as fragmentation of data and process, inflexibility to change and insupportable technologies.


Take advantage of the untapped mid-market (medium size organizations) through increased functionality at a reasonable cost.


Enables improved business performance through cycle time reduction. Cycle time is the time available at each station for the performance of the work allocated or the time elapsing between completed units coming of an assembly line.


Support business growth requirements through new products/product lines, new customers, global requirements including multiple languages and currencies.


Provide flexible, integrated, real-time decision support in improving responsiveness across the organization.

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What are the tangible and intangible benefits of ERP system?

What are the tangible and intangible benefits of ERP system?

Tangible benefits are those measured in monetary terms and intangible benefits cannot be measured in monetary terms but they do have a very significant business impact.

Tangible benefits:

• Improves the productivity of process and personnel
• Lowering the cost of products and services purchased
• Paper and postage cost reductions
• Inventory reduction
• Lead time reduction
• Reduced stock obsolescence
• Faster product / service look-up and ordering saving time and money
• Automated ordering and payment, lowering payment processing and paper costs

Intangible benefits:

• Increases organizational transparency and responsibility
• Accurate and faster access to data for timely decisions
• Can reach more vendors, producing more competitive bids ;
• Improved customer response
• Saves enormous time and effort in data entry ;
• More controls thereby lowering the risk of mis-utilization of resources
• Facilitates strategic planning
• Uniform reporting according to global standards.

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