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Infor ERP Tips & News from the Experts

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

Kathy Barthelt
/ Categories: RMCbuild

Managing the Inventory Risk

Infor LN & Baan

Proper inventory management and planning is not for the weak!

Any of these ever happen to you?

  • My supplier can’t provide the raw materials I need when I need them because I waited too long to order.
  • I underestimated how much raw material I had on hand and now my customer’s order is waiting on hold until I can get the parts I need.
  • I couldn’t meet the desired delivery date for my customer’s order, so they took their business somewhere else.
  • I ordered too many raw materials or made too many sub-assemblies because I didn’t have good visibility to my on-hand inventory.

RMCbuild makes inventory management easy. With RMCbuild you can view all raw materials, on-order inventory, work-in-progress, sub-assemblies and finished goods all at once, and have a complete snapshot of your inventory in seconds. Now you know whether or not you can build the number of finished goods required. You can get this with RMCbuild!

Learn More > RMCbuild

Get a demo

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Kathy Barthelt

Kathy BartheltKathy Barthelt

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Tips:  LX | BPCS | M3

Make to Order? No problem if you use the Configuration Management System. This LX product allows you to define and configure a make to order product during Customer Order Entry. Basically, you have the option to create different products under the same common product item. You will get two completely different common end items that are configured from the same common parent.

The customer orders are planned and turned into shop orders for each end item with all the associated components. With an MES solution in place, the shop order side is easy to schedule and allows you to manage the shop floor.

In Infor LX, based on how your items are set up and on how you structure the Bill of Material, the following are some usages of a bill of material by functioning area:

  • Engineering & QA – change control, product design and specifications
  • Manufacturing – build instructions , material pick lists
  • Accounting – product costing
  • Materials Inventory – material and inventory planning
  • Sales – customer order processing
  • Production Scheduling – item scheduling (also a component of an MES solution)
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Tips: LN | Baan

All actions required for converting, validating, matching, and posting electronically received bank statements can be performed within a single session:

  • Bank Statement Workbench (tfcmg5610m100)
  • Bank Statement (tfcmg5610m000)

Alternatively, you can use the sequence of electronic bank statement sessions outlined below.

Steps to Process Electronic Bank Statements:

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