Blanket Sales Orders and Releases

Posted Posted in Distribution

What Is? ​Manufacturers have moved toward simpler methods of supply. To this end, sales order processing has simplified where inputs to sales orders are now done through a blanket order. This is the first step in the simplification process. ​The blanket order, through Requirements Planning, creates expected requirements. In addition, […]

Counter Sales

Posted Posted in Distribution

What Is? ​Counter Sales is a business or place where a product or service can be purchased. The capturing of data is done at the time and place of sale. ​Within SYSPRO, you could use computers or specialized terminals that are combined with cash registers, bar code readers, optical scanners […]

Inventory Families and Groupings

Posted Posted in Distribution

What Is? ​Forecasting refers to the process of making statements about future occurrences where the actual outcomes have not yet been observed. Forecasting is an inexact science that is an invaluable tool if the following is kept in mind: Forecasts should be tracked. There should be a measure of reasonableness […]

Inventory Control

Posted Posted in Distribution

What Is? All Businesses who sell or manufacture products require Inventory. As Inventory is an asset which ties up capital, it must be managed smartly to ensure effective utilization of capital. There are many costs associated with holding Inventory. These include, capital, insurance, holding costs, obsolescence, shrinkage and theft. Other […]

Inventory Forecasting

Posted Posted in Distribution

What Is? ​Forecasting refers to the process of making statements about future occurrences where the actual outcomes have not yet been observed. Forecasting is an inexact science that is an invaluable tool if the following is kept in mind: Forecasts should be tracked. There should be a measure of reasonableness […]

Inventory Optimization

Posted Posted in Distribution

What Is? What is Inventory Planning? Inventory planning is the process of determining the optimal quantity and timing of inventory for the purpose of aligning it with sales and production capacity. Inventory planning has a direct impact on a company’s cash flow and profit margins, especially for smaller businesses that […]

Landed Cost Tracking

Posted Posted in Distribution

What Is? ​Landed cost tracking (LCT) provides visibility of imported goods while retaining control of all associated costs, resulting in accurate landed costs. ​Within SYSPRO, landed cost tracking tracks the purchase orders that your merchandise goods are ordered on; the ship, aircraft etc that the goods are despatched on and […]

Analytics

Posted Posted in Reporting

What Is? ​Business Intelligence (BI) is the practice of gathering accurate information from business systems in order to improve and enhance decision-making. It can be described as a process of converting data into information and then into knowledge. ​You use Business Intelligence to keep pace with the increasing variable demands […]

Requirements Planning

Posted Posted in Manufacturing

What Is? ​Manufacturing creates wealth by adding value to goods. To improve productivity and wealth, a company must first design efficient and effective systems for manufacturing. It must then manage these systems to make the best use of labor, capital, and material. One of the most effective ways of doing […]

Work in Progress

Posted Posted in Manufacturing

What Is? ​Work in Progress (WIP) is goods in various stages of completion throughout the plant, including all material from raw material that has been released for initial processing, up to completely processed material awaiting final inspection and acceptance as finished goods inventory. ​Within SYSPRO, Work in Progress is used […]