Track inventory needs, control costs and replenish stock based on on-the-job demand with one simplified and fully integrated system.
Genius provides powerful ERP inventory management tools that let you track inventory down to the serial number and assign material statuses. Allocate specific materials to jobs before production begins, so your team doesn’t run out mid-job. With real-time updates, you’ll always know what’s on hand, what’s reserved, and what’s on order — helping you avoid delays and reduce costly stockouts.
Ensure your inventory is always up-to-date with our system-wide plug-in that provides accurate to-the-second inventory counts. From purchasing managers to operations managers to shop floor employees, everyone will always know what’s in stock and where to find it. Real-time inventory checks can be completed in less than a minute, giving you the confidence to plan production runs and deliver jobs on time.
Replenish materials based on actual job demand or pre-set min-max levels. Track complex inventory down to the serial number, and use mobile or desktop devices to move material, manage inventory and eliminate duplicate data entry. Easily create inventory forecasts based on current and planned jobs, generate production schedules, and purchase materials based on these estimates.
Manage all of your inventory needs and costs within our easy-to-use system. Pick the inventory management method that works best for you — whether it’s soft or hard allocation of inventory or choosing to back flush, front flush or use a hybrid combo of the two for material consumption. No matter how you choose to manage your inventory, you will always have an accurate count to prevent production interruptions.
Our multi-warehouse and multi-location system lets you know in real time where every item in your inventory is located, so you never lose time trying to track down an item. Use mobile devices to track and move material, manage inventory and eliminate duplicate data entry. Track each item’s serial number and quickly run real-time inventory checks to always know your exact inventory count.
Whether you are an engineer, production manager, accountant or CEO, Genius ERP has the solutions you need to get the job done right.
Avoid production interruptions and eliminate surprise material shortages by using Genius ERP’s powerful ERP inventory management system. Our tools replenish materials based on on-the-job demand and help you manage materials from your mobile device.
Genius ERP’s inventory management lets you track by serial number and associate different statuses to materials so that specific materials can be counted and allocated before production begins. With our inventory management system, you will always know where an item or part is located in your shop or warehouse, making it easy for your production floor employees to find the parts they need to get a job done.
With ERP inventory management, production managers gain real-time visibility into material availability across all workstations. For example, when a job is released to the floor, the system automatically checks that all required components are in stock — and if not, flags them for purchasing. This reduces downtime and lets teams prioritize tasks based on actual material readiness.
With Genius ERP’s built-in ERP for inventory management, you’ll always know your inventory levels and what materials are needed to complete a job. With our system-wide plugin, you will always have access to accurate inventory counts and know what needs to be purchased. Accurate inventory forecasts let you keep on top of your purchasing, helping you better plan what you need to buy so jobs can move forward in production and be completed on time.
Using Genius ERP to manage inventory simplifies procurement by automatically generating purchase suggestions based on real-time inventory levels and upcoming job demands. Instead of juggling spreadsheets, purchasing managers can rely on reorder points and min-max settings to trigger timely restocks, reducing last-minute scrambling and ensuring production stays on schedule.
Whether you’re looking for your first ERP, or you need a replacement solution, manufacturers just like you have realized the benefits of implementing Genius ERP.
A Material Requirements Planning (MRP) solution is a business software designed to manage inventory effectively in relation to planning and scheduling processes, with the primary goal of improving productivity. Manufacturers utilize an MRP system to ensure timely delivery of jobs, maintain inventory levels at optimal levels, and inform their planning, scheduling, and purchasing decisions.
MRP systems play a critical role in streamlining production processes by analyzing demand, determining material requirements, and generating schedules for production activities. By integrating data from various departments and processes, an MRP solution enables manufacturers to optimize resource utilization, reduce lead times, minimize inventory holding costs, and enhance overall operational efficiency.
A Material Requirements Planning (MRP) solution is a business software designed to manage inventory effectively in relation to planning and scheduling processes, with the primary goal of improving productivity. Manufacturers utilize an MRP system to ensure timely delivery of jobs, maintain inventory levels at optimal levels, and inform their planning, scheduling, and purchasing decisions.
MRP systems play a critical role in streamlining production processes by analyzing demand, determining material requirements, and generating schedules for production activities. By integrating data from various departments and processes, an MRP solution enables manufacturers to optimize resource utilization, reduce lead times, minimize inventory holding costs, and enhance overall operational efficiency.
What is the difference between MRP and ERP?
The main difference between MRP (Material Requirements Planning) and ERP (Enterprise Resource Planning) lies in their scope and functionality within a business software system.
MRP, or Material Requirements Planning, focuses primarily on managing inventory and production processes in manufacturing. It helps manufacturers calculate material requirements, plan inventory levels, and optimize production schedules. Over time, MRPs evolved to include additional functionalities such as detailed capacity planning, scheduling, shop floor control, and performance analysis (known as MRP II). MRP II systems enable manufacturers to compare forecasts with actual data, analyze performance, and improve efficiency within the manufacturing domain.
On the other hand, ERP, or Enterprise Resource Planning, is a comprehensive business software system that goes beyond manufacturing processes. ERP solutions integrate and automate various aspects of an organization’s operations, including manufacturing, sales, quotes and estimates, customer relationship management (CRM), accounting, human resources, project management, and more. ERPs are designed to streamline and connect different departments and processes within a company into a single database. This integration allows for seamless communication, efficient task management, and the sharing of accurate information across the entire organization.
In short, while MRP focuses specifically on inventory management and manufacturing processes, ERP encompasses a broader range of functionalities to automate and optimize business processes across the entire enterprise, making it a more comprehensive and powerful solution for businesses.
Manufacturing inventory management refers to the process of overseeing and controlling the flow of raw materials, work-in-progress (WIP), and finished goods within a manufacturing environment. It involves planning, organizing, and optimizing inventory levels to ensure smooth production operations while minimizing costs and maximizing efficiency. Key components of manufacturing inventory management include:
Effective manufacturing inventory management is essential for maintaining adequate inventory levels, meeting customer demand, minimizing costs, and maximizing profitability within the manufacturing environment.
ERP inventory management refers to the inventory control capabilities built into an ERP system. It gives manufacturers a central platform to track, manage, and plan inventory levels across the entire organization. Unlike standalone inventory software, ERP for inventory management connects with production, purchasing, and finance — so you always have a complete picture of your materials and stock levels.
An ERP system helps manufacturers manage inventory by providing real-time visibility into stock levels, automating material tracking, and syncing purchasing with production. ERP inventory management tools also help you forecast demand, reduce overstock, and avoid stockouts — all while improving efficiency across your operations.
Yes. By giving you accurate, real-time data and better visibility, ERP inventory management helps reduce unnecessary purchases, eliminate surplus stock, and improve material usage. This leads to lower carrying costs, fewer rush orders, and better use of working capital.
Why is ERP better than standalone inventory software?
Standalone inventory software is limited to tracking stock, often requiring manual updates and lacking integration with other parts of the business. An ERP for inventory management not only tracks inventory but also connects it to purchasing, scheduling, and production. This integration helps manufacturers reduce stockouts, improve forecasting, and make better operational decisions based on real-time data.
Genius ERP supports multiple inventory control methods, including soft/hard allocation, batch and serial tracking, Kanban, bin location management, and material consumption tracking via back flush, front flush, or hybrid models — giving you the flexibility to manage your inventory your way.
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