Materials requirements planning (MRP) software
Having the right stock available at all times is vital to the success of any food producer. Too much can lead to downgrades and waste, too little to shorting orders and unhappy customers. And within the food factory, efficient planning to ensure the most effective use of the supply network is crucial to maximise customer satisfaction.
SI’s MRP (materials requirements planning) system – Stock and Order – takes a stock snapshot across all stocked product. Based on actual purchase orders and by using sales forecasts, BOM and yield conversions, it will display stock shortfalls and flag when product needs to be ordered. It also highlights when food manufacturers are holding too much stock or when stock is at risk of going out of date.
With SI Stock and Order, you can take a lean manufacturing approach to food production, ensuring cash is not tied into stock or paying for additional storage.
Whether your food factory prepares complex ready meals that require numerous components or processing short shelf-life food products, Stock and Order will:
– Give you ‘one version of the truth’ for stock availability and shelf life;
– Predict order volumes based on finished goods requirements;
– Ensure packaging is available and in stock;
– Link demand to current stock availability;
– Highlights product shortfalls and when stock is getting low;
– Compile all the bill of materials and ingredient chains to work our raw material consumption.
– Reduce downgrades and waste by managing stock levels.
Our material requirements planning (MRP) system provides food manufacturers with a real-time view to manage raw materials, work in progress (WIP) and packaging, and for all product types.
By delivering forward reporting ahead of time SI’s Stock and Order also supports better relationships with suppliers for re-ordering and insights into stock consumption by product. By highlighting trends for both fast and slow-moving product categories, it also supports better planning and sales opportunities.
The application will show product shortfalls and will indicate to the planner when more raw material needs to be moved from one location to another or ordered to fulfil stock demand taking in to account transit/supplier lead times.
The MRP system then enables planners to send draft POs to SI’s Purchase Order Processing application for approval. And if Stock and Order highlights that too much raw material stock for a specific product code, this will also be highlighted, enabling food manufacturers to react ahead of time to rectify the issue – i.e. promotions can be set up in SOP.