| The ERP is a systematical management terrace which is based on the information technology, using of advanced management thought of the modern business enterprise and completely gathering all resource information of business enterprise. The ERP provide decision plan control and valuation to the accomplishment for business enterprise.All transactions that bring about a change in stock are entered in real time, as are the stock updates resulting from these changes. You can obtain an overview of the current stock situation of any given material at any time. This, for example, applies to stocks that:Are located in the warehouse Have already been ordered, but have not yet been received Are located in the warehouse, but have already been reserved for production or a customer Are in quality inspection.The stocks are managed not only on a quantity basis but also by value. The system automatically updates the following data each time there is a goods movement:Quantity and value for Inventory Management Account assignment for cost accounting G/L accounts for financial accounting via automatic account assignmentThe material master contains information on all the materials that a company procures or produces, stores, and sells. It is the company's central source for retrieving material-specific data. This information is stored in individual material master records. The integration of all material data in a single database object eliminates redundant data storage.Materials with the same basic attributes are grouped together and assigned to a material type. When creating a material master record, you must assign the material to a material type. The material type determines certain attributes of the material and has important control functions. Together with the plant, the material type determines the material's inventory management requirement; that is:Whether changes in quantity are updated in the material master recordWhether changes in value are also updated in the stock accounts in financial accountingIn addition, the accounts affected by a material entering or leaving the warehouse depend on the material type. A goods receipt (GR) is a goods movement with which the receipt of goods from a vendor or from production is posted. A goods receipt leads to an increase in warehouse stock.A goods issue (GI) is a goods movement with which a material withdrawal or material issue, a material consumption, or a shipment of goods to a customer is posted. A goods issue leads to a reduction in warehouse stock.A stock transfer is the removal of material from one storage location and its transfer to another storage location. Stock transfers can occur either within the same plant or between two plants.A transfer posting is a general term for stock transfers and changes in stock type or stock category of a material. It is irrelevant whether the posting occurs in conjunction with a physical movement or not. Examples of transfer postings are:Transfer postings from material to material Release from quality inspection stock Transfer of consignment material into company's own stockIn the Inventory Management system, when a goods movement is posted, a material document is generated that serves as proof of the movement and as a source of information for any applications that follow.A material document consists of a header and at least one item. The header contains general data about the movement (for example, its date). Each item describes one movement. If the movement is relevant for Financial Accounting (that is, if it leads to an update of the G/L accounts), an accounting document is created parallel to the material document. In order to allow detailed document number assignment and systematic storage of documents in the document file, material documents are divided into transaction/event types, and accounting documents are divided into document types (see following table).When you enter a goods movement in the system, you must enter a movement type to differentiate between the various goods movement...
|
PDF Full Text Request