Supply Chain Management

Supply chain management (SCM) is the centralized management of the flow of goods and services and includes all processes that transform raw materials into final products. By managing the supply chain, companies can cut excess costs and deliver products to the consumer faster. Productivity and efficiency improvements can go straight to the bottom line of a company. A supply chain starts with the delivery of raw materials from a supplier to a manufacturer and ends with the delivery of the finished product or service to the end consumer.

5 Elements of SCM

Purchasing (the source) of raw materials or services

Optimum Inventory of goods and supplies

Manufacturing (focused on productivity and efficiency)

Delivery and logistics

The return system (for defective or unwanted products)

Foundry Bean Supply Chain Management solution helps you purchase stock, maintain inventory, accounting of inventory and cost of goods sold in an integrated accounting environment.

Purchasing

Foundry Bean purchasing apps enables organization to maintain vendor records , analyze supplier performance , create purchase order to document agreed upon price , quantity and delivery schedule. Purchase order matching (2 way, 3 way) controls over-payments, errors and fraud. Employee requisition process reduces burden to the buyers and automatically create purchase order.

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Inventory

Foundry Bean Inventory Management simplify inventory management and gives you ability to track inventories in multiple locations, transfer products between locations, sell and fulfill products when inventory is available, track product movement using transactions (receiving, transfer , shipping etc) , update on-hand quantity in real time , create accounting of costs of goods sold and closing of books.

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Inventory Cost Management

Businesses that sell products to customers have to deal with inventory, which is either produced by the company itself or bought from a separate manufacturer. Inventory costing is when companies assign costs to products. These costs also include incidental fees such as storage, administration and market fluctuation. Generally accepted accounting principles (GAAP) use standardized accounting rules to ensure companies do not understate or overstate these costs.

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Manufacturing

Foundry Bean Global work system is a manufacturing solution that allows you to create manufacture orders, work orders, routings, bills of materials, work centers and more for the manufacturing jobs.

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Bill Of Material (BOM)

Foundry Bean bill of materials system is a comprehensive list of parts, items, assemblies, subassemblies, intermediate assemblies, documents, drawings, and other materials required to create a product. Whether the product is in engineering cycle or production cycle, Bill of material can be defined for each assembly. Components needs to be defined in item master before adding in the assembly.

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Shipping and Delivery

Foundry Bean Shipping module increases efficiency of the shipping process by automating picking , packing and shipment from sales order. Picking order from order management and getting on hand quantity from each location , standardized shipping methods

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Reporting and analytics

Billing and aging insight give detail information about pending bills , detail and summary aging . Receivable analysis shows sales collection trend and receivable trend.