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Infor ERP Tips & News from the Experts

Infor LX | Infor LN | BPCS | Baan | Infor M3

Anthony Etzel
/ Categories: Infor LX & BPCS Tips

BPCS/LX Tip of the Day: Inventory Management

Establishing the Quantity On-Hand and the Quantity Available.

LX maintains buckets for information associated with the following inventory transactions for each item:

  • Opening Balance
  • Issues
  • Receipts
  • Adjustments
  • Allocations for the Customer
  • Allocations for Manufacturing

 

The on hand quantity does not include any allocations. To arrive at the on hand quantity, start with the opening balance, less any issues, plus any receipts, then add or subtract any adjustments. Available inventory is the on-hand less any allocations.

 

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Tips:  LX | BPCS | M3

Tips: LN | Baan

For many manufacturers, ERP has been the backbone of the business for years. It manages orders, inventory, purchasing, production, and financials. But as customer expectations, technology, and business demands continue to evolve, many organizations are finding that the conversation is no longer just about ERP.

It's about what surrounds it.

Questions we're hearing more often include:

  • How do we better connect our systems?
  • How do we improve visibility across the business?
  • How do we support growth without adding complexity?
  • When does cloud migration make sense?

These aren't technology questions as much as they are business questions.

Modernization Isn't All or Nothing

One of the biggest misconceptions about cloud migration is that it requires replacing everything at once.

In reality, many manufacturers take a more practical approach. They begin by identifying areas where modernization can deliver immediate value.

That might include:

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