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