ERP is an information management system with two primary objectives:
- Balance supply and demand by developing and executing operating plans to make and deliver product to meet customer demand.
- Reduce cost and waste as much as possible while doing so.
The planning function within ERP, material requirements planning (MRP), creates a production and purchasing schedule that minimizes inventory while maximizing availability. As a result, purchase orders and manufacturing orders are planned to be completed and bring in inventory only when needed. MRP relies on good data — BOM costing, inventory, order status, demand – to do its job effectively. The integrated JAMS for Acumatica solution will help you keep your data accurate and up-to-date.