Stock control in FormulationPro

Effective management of raw materials from purchasing into production and on to finished stock is vital for your cost effectiveness.

FormulationPro stock for purchasing

"There can be a difference in the prices being paid for raw materials between our two sites. Now we can see this and use the information to either negotiate better rates or switch purchasing of a product to the most cost-effective supplier."

FormulationPro coupled with the Access Dimensions stock modules enables you to see exactly what you have in stock at any given time. Stock allocated and issued in production is instantly reflected in the raw materials stock record so you always have visibility on the raw materials available. The stock forecasting module allows you to run a wide variety of 'what-if' scenarios to help you plan purchasing and production.

Stock management runs across multiple warehouse locations and can be operated across multiple sites. Purchase requests can be consolidated to ensure purchase of only the amount needed and purchase orders consolidated to take advantage of bulk buy discounts.

FormulationPro Stock for traceability

End products can be traced back to the batch produced and the exact raw materials used. Should a product recall be needed this can be managed quickly and efficiently and limited to only the affected products.

FormulationPro Stock for production

FormulationPro offers you flexibility when managing raw materials in production. Formulations can be re-calculated to produce to the least available ingredient so when a limited quantity of a raw material is available you can still choose to manufacture a batch with what is in stock.

Multiple methods of valuing stock, for example, standard cost or latest cost can be applied as required enabling you to calculate accurate production costs.

Ingredient calculations

Mathematical formulae can be held against raw material records, and this information carried forward with the relevant industry standard calculations to determine the properties of a batch. For example the % VOC of all ingredients will be calculated to give the % VOC of the batch when mixed.