Product Definition

In NGRERP, products can be defined across the entire business or on a facility-by-facility basis.  Products can be associated with multi-level product grouping hierarchies for pricing, product management, planning, and reporting purposes.  Inventory management rules can be defined either as simple minimum-maximum inventory reorder points, safety stock in days of supply, line item fill rate, or service level by product or by product-facility combination.  Each product can have its own associated costing method, using either average, standard, LIFO, or FIFO costing.

NGRERP supports the definition of a series of product-specific properties including velocity group, product storage type, physical dimensions, standard weight, and freight class.  Additionally, NGRERP also allows organizations to turn on specific processes on a product-by-production basis, including lot control, serialization, production planning inclusion, automatic quality assurance, and marking the item as sellable.

Product Definition Highlights

• Multiple-level product grouping hierarchies for pricing, product management, planning, and reporting
• Define inventory management rules selecting from minimum-maximum inventory reorder points, safety stock in  days of supply, line item fill rate, or service level by product or by product-facility combination
• Supports both short and long descriptions which can be used on forms and documents, including order acknowledgements, packing slips, and invoices
• UPC product codes by product and unit of measure-specific
• Can obsolete products based on a specific date or upon exhaustion of inventory
• Supports definition of product-specific properties including velocity group, product storage type, physical dimensions, standard weight, and freight class
• Supports turning on specific processes on a product-by-production basis, including lot control, serialization, production planning inclusion, automatic quality assurance, and marking the item as sellable
• Select costing method by product either average, standard, LIFO, or FIFO