One of the most under-utilized and most powerful functions of Microsoft Dynamics NAV is the material planning functionalities. Within Dynamics NAV, manufacturers have multiple ways of setting up the items and the stock-keeping units.
What is MRP?
MRP (Materials Requirement Planning) is a planning technique which converts master production schedule of end products into the detailed plan for raw materials and parts used in those end products.
It is a means for determining the number of elements, components, and materials needed to produce a product.
MRP for Manufacturers:
MRP helps manufacturers coordinate the arrival of raw materials with the machine and labour availability, effectively centralizing and integrating manufacturing information for more effective decision making.
Benefits of MRP:
– Keep inventory levels to a minimum
– Keeps track of used inventory
– Tracks the amount of required material
– Set safety stock levels for emergencies
– Set up production times among the separate manufacturing stages
– Plan for future requirements of raw materials or components
Implementing MRP successfully in Microsoft Dynamics NAV is one of the most complicated tasks. There are lots of parts involved and to make it work productively, you not only need to know Microsoft Dynamics NAV and the principles behind MRP but also the product structures and how the firm wants to operate.
On June 5th, Vox ISM is organizing an exclusive event to master MRP and Shop Floor Scheduling in Microsoft Dynamics NAV. Mike Fontaine (20 year ERP veteran, APICs certified) will discuss what it means to the modern manufacturer.
Click here for complete seminar agenda
If your company is looking for a new manufacturing software or upgrading from a legacy version of Microsoft, this event will provide you with the answers you need to make an informed decision.