Are you creating separate Purchase Orders (POs), Indents, and Gate Entries for every single Sales Order ?

In this session, Sangeet Gupta explains why switching to combined Material Requirement Planning (MRP) based on Bill of Materials (BOM) saves millions in procurement, documentation, and holding costs.

📌 What You’ll Learn in This Video:

• Order-Based Buying vs. Combined Factory-Level MRP
• How to eliminate 10x repetitive PO and Indent creation
• Optimizing working capital and preventing non-moving inventory
• Lead-time planning: Domestic vs. Imported procurement cycles
• 3-Day & Monthly shortage planning in Finsys ERP

💡 Important Note:
Yes, Finsys ERP fully supports Order-Based Buying as well! However, consider MRP before increasing administrative overhead and manual effort beyond what is required.

⏱️ Timestamps:
0:00 – Introduction: The true cost of manual procurement & documentation
0:35 – The Order-wise buying trap (Multiple POs for the same raw material)
1:45 – What is Material Requirement Planning (MRP)?
2:30 – Preventing non-moving stock and working capital lockup
3:20 – Method 1: Sales Order-wise procurement (Pros & Limitations)
4:05 – Method 2: Combined Factory-Level MRP using BOM
4:35 – Planning horizons: 1-Day, 1-Month & 3-Month Import cycles
5:00 – Live ERP Walkthrough & Shortage Reports

Learn more about Finsys ERP solutions for manufacturing:
🌐 Website: https://finsys.co.in

 

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