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ODOO ERP FOR MANUFACTURING/ASSEMBLY UNITS

Introduction

Meeting constantly evolving demands and expectations of customers, managing legal, keeping up-to-date with competitive industrial environment, planning and stocking raw materials and manufacturing optimum quality products consistently are some of the prominent challenges faced by manufacturing companies.

Odoo’s ERP solution for manufacturing industry addresses all these challenges with ease and provides highly scalable, feature rich, flexible to customize and faster solution for manufacturing sector.

Our ERP Solution are designed to support a plethora of industry-wide manufacturing & assembly plants, processes and operations – Be it for discrete or process manufacturer.

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Key Challenges

  • Consistently strive for business challenges in order to achieve growth & profitability
    • Reduce costs of production & supply chain
    • Improve Process efficiencies & Product quality
    • Satisfy evolving Customer demands & Regulatory requirements
    • Meet Customers’ expectations against competition
  • Drive to optimize manufacturing processes in order to increase agility & ride the efficiency curve
  • Other Key Challenges
    • Better Customer Service
    • Business Integration
    • On-time Delivery

Key Industry Requirements

Resource Planning

  • Effective Planning of all resources of manufacturing enterprise
  • Operational Planning, Procurement Planning to answer “what-if” questions and extension of closed-loop MRP.

Production

  • Flexible Bill of Materials
  • Efficient Quality Control
  • Engineering Change Control
  • Control via Production Schedule
  • Plant Maintenance

Stock Movement

  • Procurement of Raw Materials
  • Quality Check at Receipts & Deliveries
  • Dispatch Management
  • Management of Semi-Finished & Finished Goods

Cost Control

  • Financial Audit
  • Cost Reporting & Control
  • Compliance with laws of the land

Solution

Sales & Distribution

  • Lead Management
  • Order Management
  • Order Dispatch
  • After- Sales Service
  • Customer Portal

Inventory & Procurement

  • Stock Planning
  • Stock Management
  • Inventory Audit
  • Sourcing & Purchasing
  • Receipts
  • Sub-Contracting

Production & Quality Management

  • Bill of Materials
  • Planning
  • Work Order Management
  • Quality Inspection & Tests
  • Acceptance & Rejection Analysis

Finance & Accounting

  • Receivables & Payables
  • Fixed Assets
  • Bank & Cash
  • Budgeting & Forecasting
  • Management Accounting
  • Bookkeeping & Closure
  • Consolidation & Reporting

Human Resources

  • Workforce Management
  • Recruitment
  • Talent Management
  • Employee Development
  • Payroll & Benefits

Our Solution for Sales & Distribution

Lead Management

  • Track the prospect from enquiry stage to closure to engage effectively with the prospect to ensure a long lasting relationship.
  • Analyze the quality of your leads and pipeline in terms of tickets size, lead sources, closure dates, conversion time and many more custom parameters
  • Set controls and automated actions for opportunity management activities to enhance customer acquisition.

Order Management

  • Raise all types of orders including quotation-based, direct & consignment.
  • Track open deliveries, deliveries for current day and delayed deliveries.
  • Record the advance payment for orders on pro-forma invoice.
  • Track Periodic Sales, Product movement, and Sales Person’s performance.
  • Obtain real-time information on customers’ credit worthiness, pending deliveries, invoices and payments.

Order Dispatch

  • Dispatch Dashboard to see all deliveries in one single view.
  • Ability to prioritize customer order deliveries on qualitative parameters.
  • Create delivery slips, reserve stock from finished goods and deliver to customers with minimal data entry.

After- Sales Service

  • Provides adequate tools and processes to handle customer complaints, product replacement, product repair and more.

Customer Portal

  • Provides customers a window to access their information at will.
  • Customers can see product pricelist, order status, download orders/invoice copy.

Our Solution for Inventory & Procurement

Stock Planning

  • Survey present and future stock related requirements effectively.
  • Guarantee accessibility of the correct levels of stock while watching out for the required stock amount for replenishment
  • Calculate stock carrying cost and take informed decisions.

Stock Management

  • Create Products with detailed attributes for easy planning and allocation.
  • Group products under different product categories for effective analysis and control.
  • Achieve end-to-end real time visibility by create multi-location warehouses

Inventory Audit

  • Count & Validate physical and system recorded stock levels.
  • Record data related to variance in stock & make required adjustments for generating an accurate view of the inventory levels.

Sourcing & Purchasing

  • Generate automatic purchase indents based on minimum stock rules.
  • Enter multiple products in a single order, manage purchase order revisions, comparison statements to take decisions.
  • Enforce control during RFQ, Quotation and Ordering stages by approval limits.

Receipts

  • Manage comprehensive information for every receipt of goods
  • Possibility to received partial orders, move to different locations on receipt, return goods w/o receiving.
  • Generate GRN and Vendor Bill based on receipts.

Sub-Contracting

  • Effective sub-contracting with Pricelist and BOM based ordering capabilities.
  • Track status based on work order, product or subcontractor-wise on any given date.

Our Solution for Production & Quality Management

Production Data

  • Define, record, control and maintain data pertaining to your material and process specifications. You can access critical master data in real time.
  • Create multi-level product structures, support multiple routing options using process plans, and enforce controls over data using control units.
  • Define calendars for resources, activities and various associated properties such as run time, batch size, costing parameters, etc.

Planning

  • Master Production Schedule automates the scheduling process with the help of existing Minimum Stock Rules and Make-to-Order. It will trigger manufacturing & purchase order based on the customer demand.
  • Multi Location production planning which allows comprehensive analysis of plans and uses action messages to guide planners.
  • Integrated with inventory, purchase and subcontracting management to ensure end-to-end planning

Work Order Management

  • Auto-Generation of Work Order based on defined BOM.
  • Modify work orders in case of dynamic processes.
  • Reschedule work orders or create manual orders for change in priorities.

Quality Management

  • Ability to define quality check at various processes like Receipts, Deliveries, Work Orders.
  • Ability to define different quality tests for different processes
  • Ability to define qualitative and quantitative factors for each test
  • Ability to define minimum & maximum values for attributes with tolerance values
  • Ability to override test results as required

Manufacturing Analysis

  • Real-time view of manufacturing analysis as per execution of work orders.
  • Compare actual costs of products with their planned costs.
  • Take decisions based on analysis to improve cost and process efficiency.

Our Solution for Finance

Receivables & Payables

  • Ability to view open receivables & payables based on period & partners in one click
  • Process payments with manual or automatic reconciliations with ease
  • Manage automated payment follow-ups for your customers
  • Handle payments in multiple currency with currency exchange rates

Fixed Assets

  • Record purchase and maintain data of new assets with asset depreciation methods.
  • Automated depreciation of pre-defined dates along with generated ledger entries
  • Monitor depreciation over a period by asset or asset categories.

Bank & Cash

  • Maintain liquidity for business operations.

Budgeting & Forecasting

  • Ability to define budgets by company, department or cost centers
  • Create checkpoints for budget check at various control points like purchases, recruitment, etc.
  • Analyse budget performance in real-time and take informed decisions

Management Accounting

  • Define Analytic Accounts, record transactions under those accounts and track live performance..
  • Analyse profit/Loss for each accounts in real-time environment.
  • Ability to add multiple accounts for single transaction.

Bookkeeping & Closure

  • Maintain Accounts by defining service areas, ledgers, taxes, bank accounts, budgets, payment terms, etc.
  • View Financial transactions in fe clicks and drill down to see details and origin

Consolidation & Reporting

  • Ability to generate legal and financial reports with ability to filter and drill-down capability

Our Solution for Human Resources

Workforce Management

  • Organizations are liable to monetary cycles. They are relied upon to convey on their promise to their investors independent of economic situations. In a down swing, organizations are compelled to cut costs, work with reduced staff. Among the numerous levers that organizations would need to use to accomplish their objectives, Workforce Management is a basic part.

Recruitment Management

  • End-to-end recruitment management empowers you to rapidly find the best talents in market and maintain long term relationships.
  • Solution manages Job Requirements, recruitment stages, candidate profile, interview planning, candidate assessment and manage offer letters and on-boarding.

Talent Management

  • Design your talent requirements, construct a solid brand image to attract best talents, ensure smooth and quick integration of new joiners, manage periodic performance evaluation and conduct activities for improving workforce efficiency.

Payroll & Benefits

  • Payroll Solution allows to create custom salary rules suited to the land and your organization.
  • Ability to define payroll batches, capture attendances, leaves, overtime and loans
  • Generate payslips with approval and reports are per requirements

Business Benefits of the Solution

Automate & Streamline Business Processes

  • Streamlines key business processes of the organization in the complete supply chain like procurement, receipt, storage, transfers, orders, dispatch & billing.
  • Reduce dependency on manual or unrecorded process to bring more accountability and transparency

Strategic Decision Making

  • Use business intelligence tools to devise strategic plans & monitor the overall status of the organization
  • All round view and tracking on business forecasts, budget performance, proper resource allocation & goals
  • Combine operational & financial analysis to optimize everyday operations

Enhance Customer Satisfaction

  • Deliver orders on time with high quality
  • Provide customer with easy assistance to buy, cancel, return and exchange their orders with click of few buttons.

Enhance Productivity

  • Collaborate across over business verticals to combine data, adjust methodologies and institutionalize operational procedures
  • Increase versatility to process changes by upgrading existing skills and resources with real-time information

Gain knowledge into Costs and Process productivity

  • Analyse and oversee production schedules with reporting tools including capacity loading, shop floor exercises and manufacturing costs.
  • View customer, contract and projects for accurate bookkeeping

Improve Customer Service

  • Enhance the security & reliability of deliveries with the global lead time standards.
  • Automate sales & purchasing operations through business rules like discounting, approvals, pricelists and minimum stock rules.
  • Visibility & control over the supply chain, increase order rates, reduce risk of stock out or inventory excess & enhance overall responsiveness to customers.

Reduce Operating Costs

  • Decreased overall operational costs by converting manual processes into automated & real-time business process management.
  • Lower down transportation costs through consolidated orders & combined shipments.
  • Reduced stocking costs with efficient utilization of resources & assets
  • Reduced cost of sales from use of profitable sales interaction channels
  • Sustained cost savings for all spend categories due to a standard procurement strategy.

Control & Streamline Inventory

  • Use double entry inventory management system to improve stock forecasting, planning & ordering
  • Create multi-dimensional stock records & track items throughout the supply chain for online & accurate stock status
  • Implement effective return authorization management & maintain tractability of any material
  • Track materials from purchase through production & sale with lot & location control

Financial Control

  • Better visibility into business drivers for cost and revenue
  • Increased information accuracy and timeliness
  • Enhanced delivery of reporting, including dashboards, scorecards, drill-down capability, and ad hoc analysis tools
  • Reduced platforms, paper, and manual effort
  • Facilitate corporate governance and regulatory compliance
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