In today's competitive environment companies have to optimize the procurement processes and inventory levels in order to increase company profit margins and ensure zero inventory loss while at the same time ensure accuracy of controls and implementation of standard procedures for the flow of materials. However, in the absence of appropriate systems and information infrastructure, companies are not able to achieve correct and efficient Materials planning and execution due to the following information-based limitations.

JUDGMENT-BASED(BOM)ORDER QUANTITY

CALCULATIONS AND MATERIAL CONSOLIDATIONS

INACCURATE TRAIL OF STOCK COUNT.

IN-EFFECTIVE MANUAL CONTROLS FOR ENSURE.

INACCURATE STOCK VALUATION

CONSUMED AND LEFTOVER INVENTORY STOCKS

TRACKING OF MATERIAL AND DELIVERIES.

MANUAL REQUIREMENT GENERATION FOR ORDERS.

WASTAGE LEVELS THOSE ARE MONITORED.

INVENTORY VALUATION TECHNIQUES.