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FIFO / FEFO allocation with shelf life inventory management

Go beyond the simple First In, First Out rules with smart inventory allocation technology.

E21 ERP Software Screengrab

Inventory commitments and allocations

Inventory commitments and allocations

Automate your inventory allocation processes

A key function of any distribution and manufacturing ERP solution is the ability to systematize the inventory commitment and allocation process. While inventory commitment refers to a reduction in available inventory when a customer order is placed, inventory allocation refers to the physical assignment and reservation of inventory (product, lot / serial number, and quantity) to a specific sales order line item (or manufacturing work order) from one or multiple warehouse locations.

Leveraging E21’s advanced and flexible allocation rules, manufacturers and distributors can:

Built-in shelf life and expiration date tracking

Built-in shelf life and expiration date tracking

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It’s one thing to know how much inventory you have and how long an item has sat in inventory; it’s another thing to know when that product is no longer usable or acceptable to certain customers. With the E21 ERP system, manufacturers and distributors have complete visibility of each product and lot’s receipt and expiration dates. Moreover, automated rules and processes can be set to alert QC personnel to retest a specific lot on pre-defined intervals to ensure a product continues to meet quality specifications. Most importantly, customer-specific shelf life requirements can be specified by customer and product combination. These shelf life requirements are factored into E21’s smart inventory allocation technology to ensure all products allocated to a sales order meet the customer’s unique requirements.

e21erp® shelf life, expiration date tracking, and inventory allocation highlights

e21erp® shelf life, expiration date tracking, and inventory allocation highlights

More e21erp® inventory management software features

Explore E21 ERP software

Improve inventory accuracy, achieve forward and backward lot traceability, and systematize inventory commitments and allocations with e21erp®.

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5 Critical Software Requirements for Improved Product Safety & Traceability

Learn the necessary software features and functions required for organizations to ensure the highest levels of product safety.