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Low Inventory Turns Consume Small Manufacturers' Working Capital
Publish Date : 12/11/2004 1:31:00 PM   Source : Business News Onlypunjab.com

One of the greatest wastes of a manufacturer's resources is in the inventory department. The inability to accurately forecast the precise quantities of raw materials or sub-assemblies needed every day to meet customer commitments means that purchasing managers routinely buy too much product too soon. The penalties for stock outs are, in the short run, much greater than the penalties for carrying the extra inventory. But this consumes a company's working capital, reducing its annual inventory turns - the standard metric by which the performance of the inventory manager is measured - and reduces profitability.
The smaller the company, the more important it is to control this use of scarce working capital. And yet, ironically, the smaller they are, the less able they are to afford the standard system offerings which would allow them to eliminate this source of waste.

According to Rocky Smolin, President of E-Z-MRP, "Everyone who has been in manufacturing for any length of time knows at least one company that was the victim of its own success. They succeeded in the sales department, and failed in manufacturing by losing control of their inventories. Ruinous waste in excess inventories has driven many companies to record sales and record losses because they lost control of this key manufacturing expense."

Rocky emphasizes that E-Z-MRP, “was designed to be used by people who do not have degrees or certification in manufacturing systems. It requires no on-site training or consultation. And it has cut the standard 18-month MRP implementation cycle to as little as 18 days.”

E-Z-MRP History:
E-Z-MRP was first released under the DOS operating system in 1985, and achieved great success and widespread use with hundreds of customers around the world. The system has been successfully implemented in a wide variety of small manufacturing companies such as medical instrumentation, appliances, automotive, pharmaceutical, woodworking and furniture construction, spraying systems, orthodontics, and firearms, as well as finding use as an instructional aid in universities. It works just as well in job shop or build-to-order environments as in build-to-stock or build-to-forecast operations. The new E-Z-MRP system has now been completely rewritten using Microsoft’s Access Database Management System – a component of the popular Microsoft Office Suite – making it compatible with a wide variety of third-party products.

E-Z-MRP Product Features and Low-Cost High-Value Pricing:
The E-Z-MRP package includes a full-featured Bill of Materials processor, plus a material planning and tracking module which tracks all sales orders, forecasts, work orders (planned, firm, and released), purchase orders, shortages, raw materials and finished goods inventories. It also records a complete audit trail on all inventory transactions. Also included: a physical inventory function and a purchase order module for printing purchase orders.

Priced at $2995, the E-Z-MRP system is a fraction of the cost of systems with similar power and capabilities. It will run on any Windows-based PC or network, and requires only Access 2000 or Access XP to run. No on-site or remote training is required. A comprehensive user manual with tutorials provides all the required instruction.

For more information, and user testimonials, visit the company’s web site: http://www.e-z-mrp.com, or call 858-259-4334.