Acumatica MRP: Solving Inventory Challenges and Keeping Your Business Running Smoothly
This video episode explores how Acumatica’s Material Resource Planning (MRP) module helps businesses effectively manage inventory, even when faced with large orders and zero stock on hand.
(a) Challenges: The 5,000 Unit Order Dilemma
The podcast hosts start by setting the scene: a client is completely lost and confused during their Acumatica implementation. They have a huge order coming in—5,000 units—but their current inventory shows zero. This scenario is a common challenge faced by many businesses, leading to stress and uncertainty.
How can a business fulfill a large order when they have no stock available? How can they ensure they don’t run out of essential items in the future? These are the key challenges explored in the podcast.
(b) Solution: The Power of Acumatica's MRP
Here’s how MRP solves the problem:
- Forward-Thinking: Acumatica’s MRP doesn’t just look at current stock levels; it analyzes future demand based on sales orders, forecasts, and minimum stock levels.
- Proactive Alerts: When the MRP system detects a potential stock shortage, it raises a clear “red flag” on the screen, prompting the user to take action.
- Lead Time Management: The MRP system considers vendor lead times when calculating the purchase order, avoiding potential delays.
- Safety Stock Buffer: For critical items, safety stock levels can be set up to provide a buffer and prevent stockouts, even if vendors experience delays.
Benefits of using Acumatica's MRP:
- Peace of mind: Businesses can confidently manage inventory, knowing the MRP system is proactively monitoring stock levels and alerting them to potential shortages.
- Improved efficiency: The automated purchase order generation process saves time and reduces the risk of manual errors.
- Optimized inventory levels: MRP helps businesses maintain the right amount of stock, reducing carrying costs while ensuring sufficient supply to meet demand.
- Enhanced customer satisfaction: By avoiding stockouts and fulfilling orders on time, businesses can improve customer relationships and build loyalty.
Call to Action: The podcast encourages Acumatica users facing challenges with MRP or other system aspects to reach out to experts like Tayana Solutions for assistance. They emphasize the importance of finding solutions and gaining fresh perspectives to overcome obstacles.