ERP - Stores Module
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Understanding the basics of implementing ERP in stores department and how ERP makes work more seamless and collaborative.
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Logistics definition
Logistics management involves planning, executing, and controlling the flow of goods and services as well as related information from point of origin to point of consumption to meet customer requirements. It includes activities like order processing, inventory management, transportation, and warehousing, with objectives of rapid response, time management, quality, and competitive pricing. Effective logistics is important for reducing costs, improving production efficiency, maintaining competitive advantage, and building strong customer relationships.
WAREHOUSE OPERATION
The document discusses key activities and processes in warehouse operations including receiving goods, inspecting goods for quality and quantity, identifying and labeling goods, storing goods in designated locations, picking goods for orders, packing and shipping goods, and managing inventory information through a physical verification process. The receipt, inspection, storage, and dispatch processes are important for maintaining accurate records, complying with requirements, and ensuring high customer service.
Warehouse Management
Warehouse management involves overseeing the flow of products through a warehouse, including inbound processes like receiving, storage, and replenishment and outbound processes like order picking, packaging, and shipping. It is an important part of supply chain management and integrates with other business functions like procurement, manufacturing, and order fulfillment. An effective warehouse management system uses automation, rules, and visibility to optimize operations and inventory handling.
Effective store keeping and successful inventory control.2
Store keeping involves accounting for stock including raw materials, work-in-progress, finished goods, and some fixed assets. Materials are received through various modes of transportation and verified before being accounted for in stores. Different machines like forklifts and overhead cranes are used to carry and store heavy materials. Once materials are received, a goods receipt note is prepared to record the receipt and enable supplier payment. Materials are stored properly according to type in various stores and sub-stores for security, easy retrieval and handling. Inventory management aims to maintain adequate supply to meet demand while minimizing total costs of holding, ordering and shortage. Key terms include maximum limit, minimum limit, reorder level, and safety stock.
Lecture 10 logistics and supply chain
The document discusses supply chain management and logistics. It defines supply chain as the network of facilities, vehicles, and information systems involved in procuring raw materials, manufacturing and distributing products to customers. Supply chain management aims to optimize value across procurement, production, distribution and customer fulfillment functions. Logistics is focused on physical distribution, warehousing and transportation within the supply chain. Key drivers of effective supply chain design include inventory, transportation, information and facility management. Supply chains must be designed, planned and operated to balance these factors at strategic, tactical and operational levels.
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This document discusses reverse logistics and related concepts. It defines reverse logistics as the process of bringing products back, normally at the end of their life, and moving them back through the supply chain. It notes benefits like reduced costs, faster service, and customer retention. The 5R's of reverse logistics are discussed as returns and exchanges, reselling, repair, recalls, and recycling. Other concepts covered include e-logistics, logistics outsourcing, and global logistics.
Fundamentals of Logistics.pptx
Introduction
• The Broad Scope of Logistics
• Definitions
– Logistics
– Logistics Management
• Logistics – A System Concept
– Logistics Mix
• Logistics Functions
• * Scope / Activities of Logistics
• Inbound Logistics [Upstream Logistics]
• Outbound Logistics [Downstream Logistics]
• Manufacturing Logistics
Stores Management
The document discusses stores management in manufacturing organizations. It describes the functions of stores departments, which include receiving, storing, and issuing materials to user departments. The document also covers topics like centralized vs decentralized store structures, stores organization and necessary functions. Key points discussed are the role of stores in providing uninterrupted supplies to manufacturing while acting as a buffer between purchasing and marketing.
Recommended
Logistics definition
Logistics management involves planning, executing, and controlling the flow of goods and services as well as related information from point of origin to point of consumption to meet customer requirements. It includes activities like order processing, inventory management, transportation, and warehousing, with objectives of rapid response, time management, quality, and competitive pricing. Effective logistics is important for reducing costs, improving production efficiency, maintaining competitive advantage, and building strong customer relationships.
WAREHOUSE OPERATION
The document discusses key activities and processes in warehouse operations including receiving goods, inspecting goods for quality and quantity, identifying and labeling goods, storing goods in designated locations, picking goods for orders, packing and shipping goods, and managing inventory information through a physical verification process. The receipt, inspection, storage, and dispatch processes are important for maintaining accurate records, complying with requirements, and ensuring high customer service.
Warehouse Management
Warehouse management involves overseeing the flow of products through a warehouse, including inbound processes like receiving, storage, and replenishment and outbound processes like order picking, packaging, and shipping. It is an important part of supply chain management and integrates with other business functions like procurement, manufacturing, and order fulfillment. An effective warehouse management system uses automation, rules, and visibility to optimize operations and inventory handling.
Effective store keeping and successful inventory control.2
Store keeping involves accounting for stock including raw materials, work-in-progress, finished goods, and some fixed assets. Materials are received through various modes of transportation and verified before being accounted for in stores. Different machines like forklifts and overhead cranes are used to carry and store heavy materials. Once materials are received, a goods receipt note is prepared to record the receipt and enable supplier payment. Materials are stored properly according to type in various stores and sub-stores for security, easy retrieval and handling. Inventory management aims to maintain adequate supply to meet demand while minimizing total costs of holding, ordering and shortage. Key terms include maximum limit, minimum limit, reorder level, and safety stock.
Lecture 10 logistics and supply chain
The document discusses supply chain management and logistics. It defines supply chain as the network of facilities, vehicles, and information systems involved in procuring raw materials, manufacturing and distributing products to customers. Supply chain management aims to optimize value across procurement, production, distribution and customer fulfillment functions. Logistics is focused on physical distribution, warehousing and transportation within the supply chain. Key drivers of effective supply chain design include inventory, transportation, information and facility management. Supply chains must be designed, planned and operated to balance these factors at strategic, tactical and operational levels.
Reverse logistics
This document discusses reverse logistics and related concepts. It defines reverse logistics as the process of bringing products back, normally at the end of their life, and moving them back through the supply chain. It notes benefits like reduced costs, faster service, and customer retention. The 5R's of reverse logistics are discussed as returns and exchanges, reselling, repair, recalls, and recycling. Other concepts covered include e-logistics, logistics outsourcing, and global logistics.
Fundamentals of Logistics.pptx
Introduction
• The Broad Scope of Logistics
• Definitions
– Logistics
– Logistics Management
• Logistics – A System Concept
– Logistics Mix
• Logistics Functions
• * Scope / Activities of Logistics
• Inbound Logistics [Upstream Logistics]
• Outbound Logistics [Downstream Logistics]
• Manufacturing Logistics
Stores Management
The document discusses stores management in manufacturing organizations. It describes the functions of stores departments, which include receiving, storing, and issuing materials to user departments. The document also covers topics like centralized vs decentralized store structures, stores organization and necessary functions. Key points discussed are the role of stores in providing uninterrupted supplies to manufacturing while acting as a buffer between purchasing and marketing.
Inbound And Outbound Logistics
The document discusses inbound and outbound logistics. Inbound logistics involves receiving, storing, and distributing incoming goods for use, and has objectives like ensuring prompt processing of received materials, accurate documentation, and proper transfer of items. Outbound logistics is the movement of goods to customers and aims to deliver the right products to customers at the right place and time.
Inventory management
Inventory management involves determining optimal inventory levels to balance costs and meet demand. There are three main types of inventory - raw materials, work in progress, and finished goods. The economic order quantity model helps determine how much to order by balancing ordering costs, carrying costs, and shortage costs. Maintaining appropriate inventory levels decouples processes, provides product variety for customers, and allows for quantity discounts.
Stores presentations
The presentation outlines the objectives, key performance indicators (KPIs), and priority areas for the materials management department of a company. The department aims to maintain adequate stock levels while ensuring first-in-first-out issuing to avoid expiry and obsolescence. Key KPIs include maintaining a production materials inventory of over 4 weeks for local items and 8 weeks for imports. Priority areas include relocating and reorganizing the raw materials store and improving employee skills. The main challenge is harmonizing and unifying the entire materials stores.
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This presentation provides a brief introduction about “supply chain management” and especially, the role of transportation in the smooth operation of “modern” supply chains is discussed.
Create Purchase Order With Reference In Sap System
The document discusses creating purchase orders in SAP and maintaining purchasing info records. A purchase order can be created with reference to documents like a purchase requisition, RFQ, contract, or another purchase order. Purchasing info records store vendor-specific information like price conditions, delivery times, and contact details. They can be updated from documents and provide suggested pricing for purchase orders.
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2. Process
3. Outbound
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Benefits of Using WMS
Warehouse Management Affect Supply Chain
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The document discusses store management and various aspects related to it. It defines store management and outlines key objectives like minimizing production costs and maintaining material value. It describes important store functions such as receipt, storage, retrieval, issue, records keeping, and control. It also discusses centralized and decentralized store models and factors affecting store layout. The overall purpose of store management is to receive, store and issue materials efficiently at lowest cost.
Consumable Materials
The document discusses the procurement process for consumable materials in SAP. It can be initiated through a purchase requisition created manually or automatically through systems like MRP. Consumable materials are generally not subject to inventory management but a vendor acknowledgement of the purchase order is important to ensure timely delivery. The material master record is not essential but the material group and unit of measurement need to be entered. There are three types of procurement - without a master record using a material group, with a master record not subject to inventory management, and with a master record subject to inventory management only for quantity.
Inventory management
The document discusses retail inventory management and the key challenges involved. It describes the process of replenishing inventory from the factory to the wholesaler to the distributor and finally to the retailer. Problems can occur due to production delays, shipping delays, or customers withdrawing items. The goal of inventory management is to facilitate the flow of goods while minimizing costs. It aims to stock the right products and maintain optimal inventory levels.
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Retail store operations encompass all aspects of running a retail store on a daily basis, including choosing a store location, designing the store interior and displays, managing product inventory through ordering, receiving, and pricing stock, handling cash and implementing fraud prevention controls, providing customer service, and overseeing employees, promotions, and store maintenance. Key functions involve location selection, visual merchandising, inventory management, loss prevention, staff training, and ensuring a positive customer experience throughout the shopping process. Effective retail store operations are critical for a store's success and competitiveness.
Logistics management
Logistics management involves planning, implementing, and controlling the flow of materials and goods from the origin to the point of use. The objectives of logistics management are to have the right quality and quantity of products available at the right place and time at reduced costs. Logistics management applies to business, military operations, events, and services. It aims to optimize material flow through an organization to customers while reducing inventory, ensuring reliable delivery, minimizing freight and damage costs, and allowing quick response.
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In any warehouse, order picking – the function of retrieving goods/SKUs from their location(s) – is one of the most labour-intensive and costly activities, with about 55% of the operations costs going towards this single activity. Currently, with low growth rates, manufacturing companies are under pressure to reduce operating costs and preserve profit margins. In this scenario, making order picking a cost-effective activity assumes a large role in the economical growth of a company.
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The document discusses the procurement and store management procedures for a construction project. It outlines the process for procuring materials locally and through the head office using an ERP system. Materials are received at the site gate and inspected before being entered into inventory. The store-in-charge is responsible for maintaining accurate records and ensuring proper storage of materials. The planning department works with the store to determine minimum stock levels and monitor inventory.
Logistic management
India has steadily liberalized its trade policies since the 1990s, reducing average tariffs and eliminating many import restrictions. However, it still maintains some protectionist policies like higher agricultural tariffs and restrictions on foreign investment in retail. The government's foreign trade policy aims to benefit consumers by facilitating imports needed to stimulate the economy. India is pursuing new regional and bilateral trade agreements and playing a leadership role in global trade negotiations. The World Bank provides analytical reports and workshops to support India's trade policy reforms and strategy in international negotiations, focusing on sectors like services, horticulture, and barriers to professional movement.
Logistics management
The document discusses various aspects of logistics management including definitions, objectives, importance and key concepts. It defines logistics as the process of optimizing the flow of materials and supplies through an organization to deliver products to customers. The objectives of logistics are to make the right products available in the right place at the right time, while achieving customer satisfaction and lowest cost. It also discusses the importance of logistics in physical distribution, reverse logistics, material handling, packaging and the paradigm shift in viewing logistics operations as an integrated system rather than separate functions.
Logistic
This document provides an overview of logistics. It defines logistics as ensuring the right product is in the right place at the right time. Logistics involves planning, procurement, transportation, supply, and maintenance. It describes the seven R's of logistics and major logistics functions like order processing, inventory, transportation, and warehousing. Logistics aims to create availability, operational performance, and service reliability for customers. The document outlines the scope and activities of logistics management and discusses inbound, internal, and outbound logistics operations and flows.
Service phases in logistics
Customer service involves creating value for customers throughout the product lifecycle. It has different meanings for organizations, products, and buyers. There are three key phases: pre-transaction establishes credibility, transaction focuses on order fulfillment reliability and consistency, and post-transaction builds long-term relationships through customer satisfaction. The goal is to positively influence customer perception at each stage of the exchange process.
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Presenting this set of slides with name - Logistics Management PowerPoint Presentation Slides. This is a one stage process. The stages in this process are Logistics Management, Supply Chain Management, Warehouse Management.
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The document discusses material accounting and inventory systems. It defines stores to include raw materials, consumables, tools, patterns, maintenance materials, work in progress, and finished goods. It describes the objectives of storage as ensuring uninterrupted supply, preventing overstocking and understocking, effective and economic use of space, and minimizing costs. The functions of the stores department are also summarized, which include issuing purchase requisitions, receiving and storing materials, and maintaining accurate records.
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Inventory management
Inventory management involves determining optimal inventory levels to balance costs and meet demand. There are three main types of inventory - raw materials, work in progress, and finished goods. The economic order quantity model helps determine how much to order by balancing ordering costs, carrying costs, and shortage costs. Maintaining appropriate inventory levels decouples processes, provides product variety for customers, and allows for quantity discounts.
Stores presentations
The presentation outlines the objectives, key performance indicators (KPIs), and priority areas for the materials management department of a company. The department aims to maintain adequate stock levels while ensuring first-in-first-out issuing to avoid expiry and obsolescence. Key KPIs include maintaining a production materials inventory of over 4 weeks for local items and 8 weeks for imports. Priority areas include relocating and reorganizing the raw materials store and improving employee skills. The main challenge is harmonizing and unifying the entire materials stores.
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This presentation provides a brief introduction about “supply chain management” and especially, the role of transportation in the smooth operation of “modern” supply chains is discussed.
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The document discusses creating purchase orders in SAP and maintaining purchasing info records. A purchase order can be created with reference to documents like a purchase requisition, RFQ, contract, or another purchase order. Purchasing info records store vendor-specific information like price conditions, delivery times, and contact details. They can be updated from documents and provide suggested pricing for purchase orders.
Warehouse Operations and WMS
Warehousing Meaning
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3 Major Activities of Warehousing
1. Inbound
2. Process
3. Outbound
Arranging Warehouse
Types of Warehouse Space
Warehouse Management System
Main Features of WMS
Who Uses WMS
Benefits of Using WMS
Warehouse Management Affect Supply Chain
Logistics In Warehouse Management
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The document discusses store management and various aspects related to it. It defines store management and outlines key objectives like minimizing production costs and maintaining material value. It describes important store functions such as receipt, storage, retrieval, issue, records keeping, and control. It also discusses centralized and decentralized store models and factors affecting store layout. The overall purpose of store management is to receive, store and issue materials efficiently at lowest cost.
Consumable Materials
The document discusses the procurement process for consumable materials in SAP. It can be initiated through a purchase requisition created manually or automatically through systems like MRP. Consumable materials are generally not subject to inventory management but a vendor acknowledgement of the purchase order is important to ensure timely delivery. The material master record is not essential but the material group and unit of measurement need to be entered. There are three types of procurement - without a master record using a material group, with a master record not subject to inventory management, and with a master record subject to inventory management only for quantity.
Inventory management
The document discusses retail inventory management and the key challenges involved. It describes the process of replenishing inventory from the factory to the wholesaler to the distributor and finally to the retailer. Problems can occur due to production delays, shipping delays, or customers withdrawing items. The goal of inventory management is to facilitate the flow of goods while minimizing costs. It aims to stock the right products and maintain optimal inventory levels.
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Retail store operations encompass all aspects of running a retail store on a daily basis, including choosing a store location, designing the store interior and displays, managing product inventory through ordering, receiving, and pricing stock, handling cash and implementing fraud prevention controls, providing customer service, and overseeing employees, promotions, and store maintenance. Key functions involve location selection, visual merchandising, inventory management, loss prevention, staff training, and ensuring a positive customer experience throughout the shopping process. Effective retail store operations are critical for a store's success and competitiveness.
Logistics management
Logistics management involves planning, implementing, and controlling the flow of materials and goods from the origin to the point of use. The objectives of logistics management are to have the right quality and quantity of products available at the right place and time at reduced costs. Logistics management applies to business, military operations, events, and services. It aims to optimize material flow through an organization to customers while reducing inventory, ensuring reliable delivery, minimizing freight and damage costs, and allowing quick response.
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This Presentation "Warehousing and storage in supply chain management" covers topics Warehouse and Storage, Warehouse Management, Functions, Economic and Service Benefit, Principles of Warehouse design, Kinds of Warehouse etc.
How to improve order picking efficiency
In any warehouse, order picking – the function of retrieving goods/SKUs from their location(s) – is one of the most labour-intensive and costly activities, with about 55% of the operations costs going towards this single activity. Currently, with low growth rates, manufacturing companies are under pressure to reduce operating costs and preserve profit margins. In this scenario, making order picking a cost-effective activity assumes a large role in the economical growth of a company.
Store Inventory
The document discusses the procurement and store management procedures for a construction project. It outlines the process for procuring materials locally and through the head office using an ERP system. Materials are received at the site gate and inspected before being entered into inventory. The store-in-charge is responsible for maintaining accurate records and ensuring proper storage of materials. The planning department works with the store to determine minimum stock levels and monitor inventory.
Logistic management
India has steadily liberalized its trade policies since the 1990s, reducing average tariffs and eliminating many import restrictions. However, it still maintains some protectionist policies like higher agricultural tariffs and restrictions on foreign investment in retail. The government's foreign trade policy aims to benefit consumers by facilitating imports needed to stimulate the economy. India is pursuing new regional and bilateral trade agreements and playing a leadership role in global trade negotiations. The World Bank provides analytical reports and workshops to support India's trade policy reforms and strategy in international negotiations, focusing on sectors like services, horticulture, and barriers to professional movement.
Logistics management
The document discusses various aspects of logistics management including definitions, objectives, importance and key concepts. It defines logistics as the process of optimizing the flow of materials and supplies through an organization to deliver products to customers. The objectives of logistics are to make the right products available in the right place at the right time, while achieving customer satisfaction and lowest cost. It also discusses the importance of logistics in physical distribution, reverse logistics, material handling, packaging and the paradigm shift in viewing logistics operations as an integrated system rather than separate functions.
Logistic
This document provides an overview of logistics. It defines logistics as ensuring the right product is in the right place at the right time. Logistics involves planning, procurement, transportation, supply, and maintenance. It describes the seven R's of logistics and major logistics functions like order processing, inventory, transportation, and warehousing. Logistics aims to create availability, operational performance, and service reliability for customers. The document outlines the scope and activities of logistics management and discusses inbound, internal, and outbound logistics operations and flows.
Service phases in logistics
Customer service involves creating value for customers throughout the product lifecycle. It has different meanings for organizations, products, and buyers. There are three key phases: pre-transaction establishes credibility, transaction focuses on order fulfillment reliability and consistency, and post-transaction builds long-term relationships through customer satisfaction. The goal is to positively influence customer perception at each stage of the exchange process.
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ERP - Stores Module
- 2. Stores Management A professionally managed Stores has a process and a space within, to receive the incoming materials (Receiving Bay), keep them for as long as they are not required for use (Custody) and then to move them out of stores for use (Issue). The basic responsibilities of stores are to act as custodian and controlling agent for parts, supplies, and materials, and to provide service to users of those goods.
- 3. Stores Functions Receipt of incoming goods Inspection of all receipts Storage and preservation Identification of all materials stored Materials handling Packaging Issue and dispatch Maintenance of stock records Stores accounting Inventory control Stock-taking
- 4. Stores relation to other Functions
- 5. Why ERP ? Streamlining processes and workflows with a single integrated system. Reduce redundant data entry and processes Improved workflow and efficiency Improved customer satisfaction based on improved on-time delivery, increased quality, shortened delivery times Reduced inventory costs resulting from better planning, tracking and forecasting of requirements Turn collections faster based on better visibility into accounts and fewer billing and/or delivery errors Decrease in vendor pricing by taking better advantage of quantity breaks and tracking vendor performance Track actual costs of activities and perform activity based costing Provide a consolidated picture of sales, inventory and receivables https://www.youtube.com/watch?v=fQ_l8MiwNDQ
- 6. Indent Based on the requirement from the various Departments Generally Issue slip is received Check the material in stores If available issue items and update stock register If not available, indent to Purchase department for purchase of that item
- 7. Receiving of Material Receiving of material on the basis of Purchase Order, Challan/ Invoice. Verify Qty. with PO & challan/Invoice and prepare GRN. If the material need Inspection, Inform QA.
- 8. Creating New Stock Item While creating a new stock item user has to be very careful as organizations need full traceability of each material “ERP automatically prompts you to enter the important data related to the stock item for the easy traceability of item”
- 9. Updating of Stock Register
- 10. Reorder Point Planning Organizations generally has lot of items in inventory. Items can be both perishable and non- perishable Items with high/Low frequency of use “It is very important to maintain reorder point for each item, for the smooth functioning of organization”
- 11. Material Dispatch Check Purchase Order and Sales Order Prepare Packing List and material Gate pass. “ So we can see for dispatching material stores need a lot of information from various departments which ERP enables easily and swiftly”
- 12. Packing List and Gate Pass
- 13. QUESTIONS ?