Track inventory needs, control costs and replenish stock based on on-the-job demand with one simplified and fully integrated system.
Genius ERP’s inventory management system allows you to track your inventory to the serial number and assign different statuses to materials. Allocate specific materials to a project before production starts to prevent stock shortages in the middle of a job. With real-time inventory updates, you’ll always know the availability of items, including how many are reserved for a job, how many are in production and how many are on order, to avoid production interruptions and eliminate unexpected material shortages.
Ensure your inventory is always up-to-date with our system-wide plug-in that provides accurate to-the-second inventory counts. From purchasing managers to operations managers to shop floor employees, everyone will always know what’s in stock and where to find it. Real-time inventory checks can be completed in less than a minute, giving you the confidence to plan production runs and deliver jobs on time.
Keep your inventory lean by replenishing items based on actual on-the-job demand or pre-set min-max levels. Track complex inventory to the serial number, and use mobile or desktop devices to move material, manage inventory and eliminate duplicate data entry. Easily create inventory forecasts based on current and planned jobs and then generate production schedules and purchase materials based on these estimates.
Manage all of your inventory needs and costs within our easy-to-use system. Pick the inventory management method that works best for you — whether it’s soft or hard allocation of inventory or choosing to back flush, front flush or use a hybrid combo of the two for material consumption. No matter how you choose to manage your inventory, you will always have an accurate count to prevent production interruptions.
Our multi-warehouse and multi-location system lets you know in real time where every item in your inventory is located, so you never lose time trying to track down an item. Use mobile devices to track and move material, manage inventory and eliminate duplicate data entry. Track each item’s serial number and quickly run real-time inventory checks to always know your exact inventory count.
Whether you are an engineer, production manager, accountant or CEO, Genius ERP has the solutions you need to get the job done right.
Avoid production interruptions and eliminate surprise material shortages by using our inventory management system that replenishes materials based on on-the-job demand. You can also move material, manage inventory, and eliminate duplicate data entry with your mobile device.
Genius ERP’s inventory management lets you track by serial number and associate different statuses to materials so that specific materials can be counted and allocated before production begins. With our inventory management system, you will always know where an item or part is located in your shop or warehouse, making it easy for your production floor employees to find the parts they need to get a job done.
Know your inventory levels and what materials are needed to complete a job. With our system-wide plugin, you will always have access to accurate inventory counts and know what needs to be purchased. Accurate inventory forecasts let you keep on top of your purchasing, helping you better plan what you need to buy so jobs can move forward in production and be completed on time.
Whether you’re looking for your first ERP, or you need a replacement solution, manufacturers just like you have realized the benefits of implementing Genius ERP.
A Material Requirements Planning (MRP) solution is a business software designed to manage inventory effectively in relation to planning and scheduling processes, with the primary goal of improving productivity. Manufacturers utilize an MRP system to ensure timely delivery of jobs, maintain inventory levels at optimal levels, and inform their planning, scheduling, and purchasing decisions.
MRP systems play a critical role in streamlining production processes by analyzing demand, determining material requirements, and generating schedules for production activities. By integrating data from various departments and processes, an MRP solution enables manufacturers to optimize resource utilization, reduce lead times, minimize inventory holding costs, and enhance overall operational efficiency.
The main difference between MRP (Material Requirements Planning) and ERP (Enterprise Resource Planning) lies in their scope and functionality within a business software system.
MRP, or Material Requirements Planning, focuses primarily on managing inventory and production processes in manufacturing. It helps manufacturers calculate material requirements, plan inventory levels, and optimize production schedules. Over time, MRPs evolved to include additional functionalities such as detailed capacity planning, scheduling, shop floor control, and performance analysis (known as MRP II). MRP II systems enable manufacturers to compare forecasts with actual data, analyze performance, and improve efficiency within the manufacturing domain.
On the other hand, ERP, or Enterprise Resource Planning, is a comprehensive business software system that goes beyond manufacturing processes. ERP solutions integrate and automate various aspects of an organization’s operations, including manufacturing, sales, quotes and estimates, customer relationship management (CRM), accounting, human resources, project management, and more. ERPs are designed to streamline and connect different departments and processes within a company into a single database. This integration allows for seamless communication, efficient task management, and the sharing of accurate information across the entire organization.
In short, while MRP focuses specifically on inventory management and manufacturing processes, ERP encompasses a broader range of functionalities to automate and optimize business processes across the entire enterprise, making it a more comprehensive and powerful solution for businesses.
Manufacturing inventory management refers to the process of overseeing and controlling the flow of raw materials, work-in-progress (WIP), and finished goods within a manufacturing environment. It involves planning, organizing, and optimizing inventory levels to ensure smooth production operations while minimizing costs and maximizing efficiency. Key components of manufacturing inventory management include:
Effective manufacturing inventory management is essential for maintaining adequate inventory levels, meeting customer demand, minimizing costs, and maximizing profitability within the manufacturing environment.
Find out how Genius ERP can simplify your manufacturing.
Find out how Genius ERP can simplify your manufacturing.
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