Nowadays, selecting the ideal manufacturing inventory system involves locating the best-manufacturing inventory software. By continuously monitoring inventory levels with manufacturing inventory software, the manufacturing process gets more and more optimized. The company’s selected solution should be able to handle at least some of the manufactured products when it comes to manufacturing inventory software. It is quite beneficial to have a best-practices approach for combining a group of goods into a new one in your workflow. This is why learning the basics of manufacturing support should be on your list of priorities.
But What Does “manufacturing support” Mean?
It’s handling the overhead in gathering the various components (the so-called Bill of Materials). They help you put together a product from their various locations or suppliers where they are stored or purchased from. It then involves tracking their construction into a single product. Consequently, it leads to handling the resulting inventory needs – updating relevant stock levels and costs.
It is easy to imagine the complexity of the logistics involved for any given company with an established business cycle. It is quite easy for anything to go wrong, to run over schedule, or to go over budget when you receive an order (or many orders). This does not need to be the case though – the adopted manufacturing software is there to make such tasks much easier and minimize their risk by following best practices.
How To Use Megaventory As Manufacturing Inventory Software
Particularly Megaventory makes things a great deal simpler while still enabling you to complete the task successfully.
1. Create a Production Order
First, just click on the Production module, specifically on the New Order option. The form that opens up requires you to answer a few questions:
- What do you need to make?
- Where do you need it made?
- How many of these do you need to produce?
- What number do you want to use for tracking the Production Order?
Each one is quite easy to understand and straightforward, and they are all made even easier by the ready-made solutions that are provided to assist you, such as the intended product.
So once that’s done, you’re taken into the main manufacturing control interface. Lots of information are there but the most important bit is the Bill of Materials at the bottom – the components you will be needing to fulfill this work order. These need to have been filled in ahead of time – but extra components can be added on the fly too.
2. Manage Your Production Process
Once you’re confident you have all that’s necessary, just click Allocate Materials.
Then enter the number of finished goods that the Work Order will manufacture or create. They will be compared to their respective components to make sure you don’t order more than you can produce, and if it is possible, you will be given the go-ahead. This will set the Work Order at the stage of “In Process”.
When the goods are ready, you can either take delivery of the full batch at once, or you can take delivery of them in stages up until completion.
3. Wrap It Up
Finally, when you receive the finished goods either entirely or partially, you can decide if you’re done with this Production Order. If that’s the case, the process has reached its end and you can simply close the Production Order.
At any point, of course, you can go back to correct mistakes or change the progress accordingly.
This method and workflow are both well-structured and adaptable enough to suit a wide range of scenarios. In practical terms, this means that we have had clients who have used the Work module from setting up booth stands with various electronic components to packets of multi-flavored soup.
Now you should have a basic idea about what manufacturing inventory software entails and how you can get started with Megaventory as production support.
So why not give it a try?
Dimitris Athanasiadis oversees Operations and Customer Relations in Megaventory.