This white paper by Peter and Eric Green is intended for the CFOs, materials managers, and other senior managers in manufacturing plants as well as in industrial distribution warehouses that do secondary operations such as repacking, kitting, assembly, and relabeling of products.
A critical role of ERP systems for these managers is the track the quantity and value of the organizations inventory. This is required for accurate reporting on the organization's balance sheet but is also critical because it often forms the collateral for bank loans and any changes in inventory value need to tie out with the profit and loss statement.
An accurate inventory is also essential when it forms the basis of inventory ordering in response to pending customer orders, as well as deciding what to make and when. In this white paper, we examine some case studies where inaccurate inventory impacted operations, describe some common problems, and then look at a possible solution.
To learn more about these issues and how to solve them, please read