Mastering Item Sub-Groups in Finsys ERP: Need, Process, and Benefits
Efficient inventory management starts with a proper foundation. In our latest video guide, Puneet Kumar Gupta explains why creating accurate Item Sub-Groups is vital for your factory’s digital transformation.
Why Item Sub-Groups Matter
Managing a large-scale manufacturing unit requires systematic organization. Without proper grouping, inventory valuation and reporting become chaotic.
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Correct Valuation: Proper sub-group matrices ensure accurate financial value for your inventory.
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Faster Reporting: Grouping allows the system to pull reports in seconds rather than minutes.
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Better Controls: Sub-groups enable “proper locks” in the system to prevent unauthorized material issues.
The Process: Step-by-Step –
Setting up sub-groups in Finsys ERP is designed to be simple and user-friendly.
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Define Main Groups: Ensure your high-level categories are set (e.g., Raw Materials, Consumables).
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Assign Sub-Groups: Link specific categories to these main groups for granular tracking.
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Link Unit Masters: Set secondary and primary units for accurate consumption reporting.
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Set Levels: Define minimum and maximum inventory levels to automate your procurement alerts.
Core Benefits for the Corrugation Industry – Finsys ERP Item Sub-Groups
For industries like corrugation and packaging, deep specialization is the key to profitability.
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System-Driven Efficiency: Reduce human dependency by making your business “system-dependent” through automated item masters.
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Reconciliation Ease: Correct group-subgroup matrices make it easy to manage the entire Inventory Module.
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Waste Reduction: Use these groupings to monitor material substitution errors and protect your margins.
Watch the Full Guide
Ready to optimize your inventory? Watch the detailed walkthrough below: Watch on YouTube: Item Sub-Groups in Finsys ERP
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