Inventory is the goods and materials your organization acquires, produces or manufactures, for the purpose of manufacturing, selling or exchanging, when you create a sales order for the product, the lot number will automatically increment for each item ordered in the way you specified. In short, many erp projects end up concentrating on what the software can do versus what you need it to do, and more importantly, why you need it.
There are different registration and qualification processes depending upon your organization location and the type of suppliers (vendor, manufacture and service provider), it is used to control the purchasing of products and services from external suppliers. As a matter of fact, all users will continue to be able to view purchase orders and payment information. As well as manage supplier contacts.
You should start by recognizing that, as your organization manager, during the audit function, a random sample of purchase orders is reviewed for accuracy. In like manner, erp systems is the current buzz word in the corporate world and is a requirement for any business – large or small – to survive in the competitive world.
Once approved, a confirmation email will have to be sent to you by your customer services staff, everyone knows how important price, service, and quality are in choosing a supplier.
Want to check how your ERP Processes are performing? You don’t know what you don’t know. Find out with our ERP Self Assessment Toolkit: