Material Requirements Planning
SAP Business One
Plan materials requirements across your business and stock locations. Improve forecasting and automation of manual tasks, reduce costs, and improve customer experience.
More Accurate Forecasts
Materials Requirements Planning (MRP) software automates the purchasing of components and finished goods based on levels of stock and sales orders awaiting fulfilment. SAP Business One draws on powerful analytic capabilities to improve the accuracy of forecasts based on:
- Current stock levels
- Current and forecast sales demand
- Current materials on order from suppliers
- Minimum and safety stock levels
- Current stock levels
- Economic order quantities
- Lead times per component or product
Automation of Manual Tasks
Taking all of the above in to account, SAP Business One then presents you with a number of recommendations and documents awaiting your approval including:
- Purchase orders that should be raised against your preferred supplier
- Stock transfer requests to fill stock shortfalls at each location
- Production orders, based on multi-level Bill of Materials, to be generated and passed to manufacturing
Benefits of MRP
More accurate forecasting of stock requirements and automation of manual tasks results in the following key benefits:
- The right level of stock is available when you or your customers need it
- Cash Flow is improved by purchasing Just In Time
- Purchasing from preferred suppliers ensures quality standards are maintained
- Accurate and real-time visibility of stock improves Customer Experience
"Moving to a more automated system will be more efficient and will greatly improve traceability of orders and raw materials."
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