Especially Wholesale Distributors and Manufacturers have assortments that easily reach over many thousands of items. With international business growing customers and suppliers in B2B and B2C expect localized layouts, websites, webshops and portals. It is a must offer them clear and translated product information.
Exact Product Blog: Exact Online
A common objective of cost accountants is to compare manufacturing cost and variances in material and time consumption. Most can be learned from comparing trends by assortment: are we getting better in estimating assembly cost for wheelbarrows, and how does it compare with the trend for pallet trucks? With the new assortment filters in the cost overview we can slice and dice the shop order results.
For a few years it is possible to show the item picture on the quotation layout. We have now also made it possible to show the item picture on the order confirmation, picking list, delivery note and the purchase order layout. Visualization reduces order picking mistakes and provides immediate product identification to customers and suppliers.
Once we have issued all materials, received the product, tracked all time to the job and created the invoices for job-specific purchases, we are ready to complete the shop order. The completion locks the job for new transactions, and creates a financial entry. Sometimes the completion ‘happened’ in the next period, or it turned out that a transaction was forgotten. Two enhancements make it easier to complete the shop order.
Distribution and storage of products is costly but can be differentiators at the same time. How do you optimize your availability and flexibility in delivery options without excessive costs of handling and warehouse capacity?
The bill of materials (BOM) is often designed by the engineering discipline, but it is used by planners, calculators and cost accountants. The BOM provides insight in quantities of materials required and in the material unit cost, but insight in the material cost per batch quantity was not available. We have now added a column with the material cost per batch.
Last year we have released time tracking for Smart Shop Floor. We also started with the controlled release of material management for Smart Shop Floor. Based on feedback from customers we are now releasing the switch from time tracking mode to material management mode and vice versa. We are also introducing a mode where users can share a device for time tracking.
On the quotation screen and in the bill of material version in Exact for Manufacturing we mention the ‘lead time’. We have created this quantity to express how long it takes to manufacture a part or a batch of parts. Now we start working to develop a Premium edition, we will have to become more precise in our definitions of lead time. We will rename our current lead time into ‘production lead time’, create a new quantity called ‘order lead time’, and introduce these in all editions of Exact for Manufacturing.
Assortment categories bring structure into your product portfolio. Especially when a large variety of products are offered. They make searching for the right product based on characteristics easy to do for both employees and (prospected) customers. They also provide insight in related products, show doubles or even gaps in your assortment.
In order to receive the right products on time and at the right price it is essential that communication with your suppliers about purchase orders is clear and complete. Any delay or mistake by miscommunication will directly affect your own business as you will most likely not meet your own customers’ expectations.