MonsoonSIM's MRP (Material Requirements Planning) module revolutionizes the way learners manage material planning and procurement processes. Let's explore the key aspects of this module, enabling efficient inventory management and ensuring smooth supply chain operations:
Demand Calculation:
- The MRP module calculates demand based on various factors, including committed outgoing shipments to retail stores, sales orders, and buffer stock settings. It accurately determines the quantity of products or raw materials required to meet customer demand.
Supply Calculation:
- Supply is calculated by considering factors such as stock on hand, raw materials on hand, committed purchase orders, and incoming shipments from retail stores. By evaluating the current supply situation, the MRP module ensures accurate procurement planning.
Purchase Requisition Generation:
- Based on the shortfall of products or raw materials, the MRP module generates purchase requisitions (PR). These PRs detail the quantity of finished goods or raw materials needed to bridge the supply-demand gap.
Make vs. Outsource Decision:
- The MRP module provides the flexibility to define the percentage of stock to be produced in-house versus outsourced. This setting determines whether the MRP suggests purchasing finished goods or raw materials for production.
Streamlined Procurement Process:
- By utilizing the MRP module, learners can optimize their procurement processes. Purchase requisitions provide a clear overview of the required materials, streamlining the procurement workflow.
Cancellation of Pending Purchase Requisitions:
- Every time the MRP is executed, all pending purchase requisitions (unapproved purchase orders) are automatically canceled. This ensures that the procurement plan remains up-to-date and aligned with the latest demand and supply information.
MonsoonSIM's MRP module empowers learners to effectively manage material requirements, optimize procurement strategies, and ensure smooth supply chain operations.
Note: The complexity of this module is configurable by the facilitator. It is recommended to start with the default configuration and gradually increase the complexity as the facilitator sees fit. This allows for a customizable learning experience tailored to the participants' needs and skill levels.
