Product Definition - This application is used to define items, bills of material, manufacturing operations, item costs, class codes, categories and breeder bills of material (to support co-product and by-product production). The information can be reported at a single level or with indented structures to show relationships. With OpenERP you can create all the base structures and information you need to run your business.
Define phantom items, co-products and by-products. You have complete control over purchased, manufactured and configured items to support all your manufacturing processes.
Define a bill of operations with support for setup and run times, alternate and overlapped operations, and automatic component issue and finished goods receipt.
Your bill structures can include any number of items and be as deep as you need.
Use the breeder bill of materials structure to define co-product and/or by-product production.
You even have the ability to define cost absorption in a non-linear fashion. With respect to costs, you can define both costed and un-costed bill structures and manage your costs using standard or actual costing.
Easily schedule the expiration of old components and the effectivity of new components to support replacement of obsolete components and phase out production. Use the where-used report to help this process.
Inventory Management - This module is used to define all aspects related to the movement and storage of inventory. You can manually post transactions as well. The system records and displays all transactions. This module also has powerful physical inventory and cycle counting capabilities to help you improve your inventory accuracy.
You can define as many warehouses and locations within warehouses as you need. Each warehouse can have its own control parameters and accounting structure. You can also define whether to include items in a location as available or not.
You can use cost categories to transparently assign G/L accounts to track inventory receipts, movements, scrap, adjustments and consumption due to both sales and manufacturing processes.
The system supports both lot and serial number controlled items with optional lot expiration dates. You can track production, procurement and consumption history for these items.
You have full visibility of inventory history including summarize usage and transaction history. The system will also automatically calculate re-order points based on usage and ABC class codes for use in cycle count frequency.
User, time and date stamps make it easy to understand all your inventory transactions and better manage your inventory.
Work Order Management - OpenERP provides a complete work order management system to let you handle all aspects of your production. The system lets you schedule and execute your manufacturing processes to ensure quality, timely delivery, customer satisfaction and well-managed inventory and labor consumption.
Explode a bill of materials and automatically schedule production operations for work orders.
Issue materials to work orders by operation using both push and pull techniques. You can automatically backflush material consumption if you want.
Track variances or inaccurate bill structures to continuously improve your operations.
Create child work orders automatically based on your bill structures. You can also manually change a bill or operation schedule for a specific work order as you need, and OpenERP will automatically track any cost variances and post them to your general ledger.
Master Scheduling - The materials planning and scheduling aspects of your operation are critical to meeting customer demand while improving your cash flow. OpenERP’s master scheduling module lets you manage all aspects of your material planning process.
You can dynamically create replenishment orders as needed to manage the dynamic needs of your supply chain.
You can view online or report on all planned, firmed and released orders as well as have visibility to all allocations on an item in any stocking warehouse. You can also change and reschedule orders as needed.
With the flexibility of order parameters, you can order up to a certain quantity or use re-order points to create the most effective replenishment orders.
Our exception reporting notifies you of potential stock out situations.
We use a bucket-less process with no time horizon to give you complete control based on your user-defined calendars.
Sales Order Management - This application helps you manage all aspects of customer definition, creating quotes and performing sales order entry. With the ability to drag and drop from Sales Analysis, you can quickly create sales orders from history. You can also release orders and reschedule orders with the click of a button to allow optimum management of your entire supply chain. And, your customer order representatives have complete visibility (available-to-promise) to inventory across your operation so they can provide excellent customer service and set proper delivery expectations.
You can create recurring sales orders to manage ongoing business with your customers.
Enjoy the flexibility of allowing partial shipments and having multiple release dates for a sales order on a customer by customer basis.
If you have a make to order operation, you can automatically create work orders from sales orders.
Manage a customer credit by putting customers on hold or providing a credit warning.
Define multiple ship-to addresses for customers and manage your operation by the ship-to location for a customer. For example, you may have a different sales person, tax rate, or shipping method for a customer depending on the customer location.
Purchase Order Management - Use this application to control and define all aspects of your procurement operation including issuing purchase orders, tracking vendor performance and reconciling vendor invoices. OpenERP lets you communicate with vendors electronically to improve the efficiency of your operation.
You can instantly convert purchase requisitions manually created or from your MRP process to actual purchase orders.
Define vendor/item relationships including price breaks and any vendor terms.
You can flexibly build purchase orders that have multiple release dates and any combination of items including both stocked and non-stocked items.
Track vendor performance by monitoring rejected material, over and under shipments and missed price quotations.
Distribute landed costs to item costs during the vouchering process.
Aggregate purchase requirements to take advantage of volume discounts with vendors.
Accounts Payable - How well a company manages its accounts payable processing affects both its cash flow and its supplier relationships. Processing payables can be a tedious and time consuming task but a well-managed process can lead to significant improvements in cash flow. OpenERP Accounts Payable lets you to streamline the payables process so you can pay bills on time, reduce or eliminate late payment fees and interest charges while building strong relationships with your suppliers.
Schedule automatic payments to minimize late payment costs.
Pay bills on time to take advantage of prompt payment discounts.
Honor payment terms to strengthen supplier relationships.
Automatically distribute payments to general ledger accounts.
Match invoices to receipts online to identify variances and make adjustments.
Dynamically assign check formats by bank account.
Accounts Receivable - If you operate in-house charge accounts you know that your receivables can represent a significant asset on your balance sheet. You require accuracy but you also want to collect and process receivables in the most timely and efficient way possible. OpenERP Accounts Receivable is designed to help streamline transaction processing, reduce credit risk and help you effectively manage your customer account balances.
Easily capture and view all invoices online.
Analyze sales performance history and profit for informed decision making.
Set global or declining credit limits across accounts.
Dynamically assign statement formats by customer type.
Print statements and automatically calculate finance charges.
Manage customer account information including multiple ship-to addresses.
General Ledger - The general ledger is the core of your financial records as it feeds such critical reports as the profit and loss statement and the balance sheet. These reports are critical for understanding the business, creating operating budgets, monitoring performance and making decisions that move a business towards greater profitability. OpenERP General Ledger is designed to help customers set and modify their GL chart of accounts and create financial statements and reports that make sense for their business.
Configure and print accurate financial reports for realistic budgeting, performance analysis and forecasting.
Set-up accounts and sub-accounts according to your operating structure.
Print financial statements on demand.
Automatically post accounts payable, accounts receivable, payroll, inventory and sales transactions.
Execute soft and hard closes of accounting periods, and dynamically run trial balances.
Set-up any number of user defined accounting periods within a fiscal year.