Controlling Inventory Quantities using Microsoft Dynamics GP Manufacturing
In our last post, Microsoft Dynamics GP Manufacturing: Costing, & Inventory Control, you learned about costing and the interaction of base inventory control. In part two, we will touch on additional controls you have per item when buying or manufacturing either a sub-assembly or a finished good.
When purchasing raw materials or manufacturing items, you can utilize item information to indicate controls such as:
- Effective Date of the item
- The primary buyer and planner for the item at a given facility
- Order Replenishment Quantities at a given facility
- Purchasing Lead Times per vendor at a given facility
- The Average Quantity for this raw material
- The ability to link associated schematics, diagrams and/or videos to an item for viewing on the production floor
- The ability to indicate if an item has a standard shrinkage percentage
- Indicating Alternate Items that can be used as substitutes if you are unable to meet specific demand for raw materials or sub-assemblies that are required for the manufacture or a specific item
DFC Consultants can help you understand these controls and how they might apply to your processes. If you want further insight into you how Microsoft Dynamics GP manufacturing can help you improve your Manufacturing Resource Planning (MRP), contact us here.
In Part 3, we will focus on the manufacturing processes of controlling your Inventory with Bills of Materials and Routings. Stay tuned!