Arrow Financials – Bill Of Materials Module

The Arrow Bill of Materials module provides the tool through which raw material stock levels are optimized by effective material requirement planning and stock control.
Arrow Bill of Materials module details the materials required to manufacture a product.

Features

• Provides the mechanism to allow “product kitting” in sales orders and debtor invoicing.
• The ability to copy existing bills to another bill.
• When confirming production, any quantity variances can be entered to ensure accurate costing for each production order.
• Ability to enter the labor component for each bill.
• Upload production orders from other systems
• Text lines and block text can be entered on Bill of Materials.
• Automatic confirmation for a range of selected orders
• Ability to enter up to 20 levels to each Bill of Material.
• Both quantity and formula bills can be entered.
• Ability to enter fixed or variable costs in each Bill of Materials.
• Ability to enter substitute components.
• Ability to recost Bill of Materials, and “what if” cost variation analysis.

For those production orders with insufficient stock levels to fulfil production, purchase orders can optionally be created.
Sales order stock lines which link to a Bill of Materials finished good, can optionally be added to a production order, similarly job estimates can be transferred to a production order.

Reports Include

• Stock usage.
• Where used list
• Status by stock.
• Status by required date.
• Variances by order.
• Variances by stock.
• Production orders.
• Completed orders list.
• Status by order.

Benefits

• Saves time when establishing similar bills providing a copying facility.
• Helps in production planning and material resource planning, e.g. printing production orders by required date.
• By integrating to sales orders, stock and job costing minimizes double keying of production orders.
• Ensures Bill of Materials costs, and actual raw material costs are consistent by providing a bill recasting facility.
• Ensures accurate costing for each production order by entering any variances, or substitutions that occur after production, e.g. breakages and waste.

Integrated Solution

The bill of materials module has integration links to the following Arrow Financial Modules:

• Sales Orders
• Front Counter
• Stock
• Purchase Orders
• Job