Compiere ERP for Healthcare products assembling & distribution

Masters Management

The following Master Records can be created & managed in ERP Compiere

Product

  • Manage Product
  • Bill of Material Product listing
  • Manage Product Categories
  • Manage Unit of Measure
  • Manage Tax Rates
  • Manage Price List
  • Category Level Ledger Mapping
  • Manage Product License No

Inventory

  • Manage multiple warehouse/locators
  • Inventory Tracking by LOT & Batches
  • Attribute wise product costing
  • Warehouse Transfers for branches

Business Partner Group

  • Manage Vendors details
  • Manage Customers details
  • Manage Employee Details
  • Track Statutory Registration
  • Manage License Number
  • Manage Multiple Address
  • Group Level Ledger Mapping
 

Masters Management

The following Master Records can be created & managed in ERP Compiere

Organization

  • Maintain Multiple Organization
  • Manage Chart of Accounts
  • Manage Multiple Document Types
  • Manage multiple currency with exchange rates
  • Manage multiple payment terms

Taxes & Banks

  • Maintain Multiple Tax Category
  • Manage Multiple Tax Rates
  • Tax Rate level account postings
  • Manage Multiple Bank Accounts
  • Bank Level Account Postings

Procurement Management

Timely control of Cost & Inventory is the role played by the Purchase Department for procurement of Products

Purchase Order

  • Creation of Purchase Orders - Local, Interstate, Import
  • Automatic Tax Rate for products
  • Print of Purchase Order
  • Generating Material Receipt

Material Receipt

  • Lot Based Product Receipt
  • Manual Lot creation
  • Automatic Unit of Measurement
  • FIFO Based Costing

Invoice Vendor

  • Creation of Purchase Invoices from Material Receipt - Local, Interstate, Import
  • Non-Product based Service Invoices
  • Selection of Payment Terms
  • Allocation of Landed costs
  • Posting based on exchange rate
  • Posting to correct Ledger A/c

Return Management

Ensuring Damaged products are returned back to vendor, received back from customer in a time bound manner is handled by the Returns Department.

Vendor Return

  • FIFO based return of product
  • FIFO based Costing
  • Generate Debit Note

Debit Note

  • Creation of Debit Notes from Vendor Return - Local, Interstate, Import
  • Posting to correct Ledger A/c
  • Posting based on exchange rate
  • Correct Adjustment against Invoice

Customer Return

  • Sales Order based Customer Return
  • Direct Customer Return without Sales Order
  • FIFO based return of the product
  • FIFO based Costing
  • Generate Credit Note

Credit Note

  • Creation of Credit Notes from Customer Return - Local, Interstate, Import
  • Posting to correct Ledger A/c
  • Posting based on the exchange rate
  • Correct Adjustment against Invoice
  • Print of Credit Note

Sales Order Management

Selling of fast-moving goods to Customers to enhance profitability for the Company is taken care by Sales Department

Sales Order

  • Creation of Sales Orders - Local, Interstate, Import
  • Automatic Tax Rate for products
  • Print of Sales Order
  • Generating Dispatch from Sales Order

Shipment

  • FIFO based Lot Product Dispatch
  • Automatic Unit of Measurement
  • FIFO Based Costing
  • Print of Shipment Document

Invoice Customer

  • Creation of Sales Invoices from Dispatch - Local, Interstate, Import
  • Direct Service Invoices
  • Selection of Payment Terms
  • Posting based on exchange rate
  • Posting to correct Ledger A/c
  • Print of Sales Invoice

Inventory Management

Movement of goods as free samples, lab testing & transfer to other branches is the work carried by the Inventory Management Team

Material Issue

  • FIFO based Lot Product Material Issue
  • Automatic Unit of Measurement
  • FIFO Based Costing
  • Print of Material Issue

Issue Return

  • FIFO based return of product
  • FIFO based Costing

Warehouse Transfer

  • FIFO based Lot Product Warehouse Transfer
  • Automatic Unit of Measurement
  • FIFO Based Costing
  • Print of Warehouse Transfer

Assembling Process Management

Purchasing & Assembling of finished goods for sales, used as samples for lab testing etc is the process followed by the Manufacturing team

Work Order

  • One-time configuration of Master Product
  • Product to be assembled
  • Automatic unit of measurement

Bill of Material Process

  • Sub Assembly products assembled
  • Extra Products added
  • Wastage Product & cost captured
  • Assembling of Finished Products

Financial Process Management

Accuracy in Financial Statements, correct reconciliation for Banks/Debtors/Vendors, timely payment of salaries, government taxes are handled by the Finance Department

Bank Payments & Receipts

  • Bulk Payment against Business Partner
  • Allocation of amount against Multiple Invoices
  • Accurate Invoice wise Forex Gain/Loss
  • Manage Taxes related Payments
  • Bank Reconciliation Statement

GL Journals

  • Provision entries for Expenses/Income
  • Salary Entries for Employees
  • Accurate Book Closure

List of Reports

module and name of reports

Procurement

  • Purchase Register Report
  • Purchase GST Report
  • Accounts Payable Report

Sales

  • Sales Register Report
  • Sales GST Report
  • Accounts Payable Report

Accounts

  • Day Book Report
  • Cash Journal Report
  • Party Ledger Detailed Report
  • Bank Reconciliation Statement
  • TDS Report
  • Trial Balance
  • Balance Sheet
  • Profit & Loss Statement
  • Product Profitability Statement

Inventory

  • Product Ageing Report
  • Age of Product Report
  • Warehouse Transfer Report
  • Stock Valuation Report
  • Material Issue/Return Report

Assembling

  • Bill of Material COGS
  • Bill of Material Issue Register