SAP Business One :Inventory management Module

Inventory Management

SAPBusiness One ERP solution delivers a robust inventory management module to help manufacturing and distribution businesses better manage inventory. The Inventory Management module facilitates efficient inventory management in real-time across multiple warehouses. Maintain cost-effective production, optimize inventory levels, and improve on-time delivery with the ability to track and record all stock movement. Manage detailed warehouse data and gain the capacity to plan production orders based on material requirement planning (MRP).                                                        

Inventory Management Made Simple with SAP B1                                                      The Inventory module supports processes to optimize inventory management, including the following:

• Managing item master data records.
• Working with serial and batch numbers.
• Managing Inventory transactions, including goods receipts, goods issues, inventory transfers, initial item quantity settings, and inventory counts.
• Managing price lists, including period and volume discounts, and special prices.
• Working with the pick and pack process.
•  Generating inventory-related reports.                                                                              

SAP Business One Inventory Management Features

 Powerful Item Management:

SAP Business One allows you to manage items by group or individually. Item codes, SKU’s, foreign descriptions and supplier catalogues

Costing and Units of measure:

Manage stock using various costing models (including average cost, FIFO), across the business or by warehouse/store.  Multiple units of measure and unit conversions

Goods receipt and issue control:

Record goods receipts and issues; track stock transfers; enable consignment, drop-ship, and other orders

Serial number tracking:

 An automatic creation of warranty records if required

Batch and Lot Tracking: 

SAP Business One offers full trace ability

Pick and Pack manager: 

The pick and pack manager capabilities in SAP Business One allows users to manage the picking and packing process within three queues. As sales orders are entered, they are displayed in the “open” queue; quantities can be marked as fully or partially released for picking. The “released” queue displays all orders released for picking. Within the “open” or “released” queues, users can automatically create pick lists per order or for a range of orders. Within the “picked” queue, orders marked as picked can be displayed and selected for packing

Efficient, up-to-date reporting:

SAP Business One can generate reports with data that is up-to-the minute based on perpetual inventory and present in various formats and dashboards . Business One Crystal Reports                                                                
For SAP ERP Training or SAP Inventory Module Training please visit the links.        

                       

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SAP Business One Accounting and Financial Overview Module

Accounting and Financial Overview

SAP Business One ERP system offers a comprehensive and completely integrated system to effectively manage all financial and accounting needs for growing manufacturing and distribution businesses. Simplify and streamline financial management processes with automation and real-time posting.

Financial Reporting

Easily access and create a broad range of standard and customizable financial reports such as balance sheets, cash flow analysis, profit and loss statements, multi-period comparisons, budget reports, and transactions reports.

Accounting

Manage all accounting transactions in one place including account setup and maintenance, journal entries, general ledger, and budgeting. Handle multi-currency transactions and simplify processes with automatic tax calculations.

Banking and Reconciliation

Efficiently reconcile accounts and process all payments including credit and debit cards, checks, and cash. Electronic bank statement processing allows account data received from the bank to be imported and automatically posted into relevant balance sheets.

Chart of Accounts:
 Lists all of the company’s general ledger accounts and is the basis for reporting and posting activities.  

Journal Entry:

 Manually records all of your accounting transactions as they occur and post them to the general ledger.

Posting Templates: 

Fixed templates that are designed for recurrent journal entries.

Exchange Rate Differences: 

Periodically recalculates the local currency (LC) and foreign currency (FC) balances according to the exchange rate on the day the differences are calculated.

Budget: 

Define budgets for accounts based on relevant scenarios. By creating a particular scenario you can determine whether or not the budget will balance for a project. 

Cost Accounting: 

Identify and create a set of cost focal points, distribution rules, and generate expense and revenue analysis reports that measure the profitability of projects and business departments.  

Financial Reports: 

Provides information and analysis on all financial activities in the areas of accounting, finance, comparative analysis, and budgeting.

Financial Reporting:

SAP Business One ERP solution offers manufacturing and distributing businesses a wide range of financial reports including profit and loss statements, balance sheets, profitability reports, cash flow analysis, budget reports, and multi-period comparisons

The following standard reports are available in SAP Business One enterprise resource planning Financial Reporting module:

Customer Receivables Aging Financial Report: 

 A critical report used for managing cash flow. Helps to evaluate the quality of customers’ credit and to determine the amount and duration of money owed to the business. This report is a monetary controller of the Sales A/R module.

Vendor Liabilities Aging Financial Report:

Assists in determining the amount and duration of money owed to vendors. This report is a monetary controller of the Purchasing A/R module.

Balance Sheet Financial Report:

Offers insight into the financial health of the company by showing a summary of the business’s value of assets, liabilities, and ownership equity.

Trial Balance Financial Report:

Compares the balances between different companies or posting periods.

Profit and Loss Financial Report:

Provides a summary of the company’s profits and losses during a specified period of time.
For SAP ERP Training or SAP Financials Module Training please visit the links.

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Sales Process in SAP Business One

Sales Process in SAP Business One

The sales process moves from issuing a sales quotation for goods to selling the goods (and services) to delivering the goods to invoicing the customer for the goods. Each step involves a document, such as a sales order or A/R invoice. SAP Business One moves all relevant information from one document to the next in the document flow. You can adapt the steps according to your needs and business processes.

Process

The sales process in SAPBusiness One creating the following documents:

Sales quotation

Before ordering, customers often require a sales quotation for review in their company. You create it as a proposal of your goods and services to a customer or lead. It does not result in any posting that alters quantities or values in inventory management or accounting.

Sales order

This feature simplifies sales order entry by giving the order taker full view of an item’s stock position in multiple warehouses when a shortage arises. Available to Promise functionality ensures the order taker can choose to order from a list of alternative items, or allow the item to be partially delivered. Orders can be created that support different delivery dates and ship-to addresses for each line item. SAP Business One users can automatically create purchase orders from a sales order and ship them to the customer’s site. Resources.

Delivery

This feature The delivery function in SAP Business One allows the shipping department to generate the necessary packaging documentation for all goods shipped to a customer. The built-in packaging process facilitates the ‘virtual’ input of items into different packages during the delivery process. Users can store the delivery tracking number and access the shipping status within the delivery note with a click of the mouse. Warehouse quantities are automatically updated when a delivery is made.

A/R invoice

After you have delivered the goods or provided services, you bill the customer using an A/R invoice. With this document, you request payment from your customer and record the revenue in the profit and loss statement.
For SAP ERP Training or SAP Sales – A/R  Module Training please visit the links.

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SAP Business One Purchasing - A/P Module

Purchasing - A/P

Sap Business one give authorize to you manage the whole purchasing process from purchase order through processing A/P invoices. In this process you are also able to create various reports to analyse purchasing information such as purchase volume analysis, pricing information, vendor liabilities aging and so on.

Purchasing and Inventory Control

• Manage the Complete order to pay cycle including receipts, invoices, returns, and payments.
• Procurement Process from Start to finish.
• Manage detailed data in a user Friendly interface.
• Real time warehouse and accounting synchronisation.
• Manage account payable and purchase schedule.
• Up to date reporting with real time data
• Optimize Procurement to increase margins. 

Purchasing Item Categories 

• Inventory Item
• Sales Item 
• Purchase Item

Features

• SAP Business One supports the following purchasing documents:
• Purchase Quotations
• For more information, see Requesting Quotations.
• Purchase Order
• Goods Receipt PO
• Goods Return
• A/P down Payment Invoice
• A/P Invoice
• A/P Credit Memo
• A/P Reserve Invoice
• Landed Costs

GUI 

The Below pic show graphically all functions that are performed in Purchasing –A/P Including Purchase Quotation, Purchase Order, Goods Receipt PO, Goods Return etc.

For SAP ERP Training or SAP Purchasing - A/P Module Training please visit the links.

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SAP Business One Production Module

SAP B1 Production Processes

Use the SAP Business One Productionmodule to create and maintain the following:

• Bill of Materials (BOMs) - specifies the quantities of components that make up a product.
• Production Orders - a set of instructions for planning and assembling a production item. It tracks all the material transactions and costs involved in the production process, as well as additional costs, such as labour overhead.

SAP Business Onesupports the following types of production orders:

• Standard - used for regular production. Components are copied from the item BOM.
• Special - used to produce items or perform activities on the shop floor that are not based on the Standard BOM.
• Disassembly - used to report the disassembly of an item with a production BOM. Components are copied from the item BOM.
• A finished product may be the result of an entire production process, or a collection of items that are sold as a unit, but are not the output of a production or assembly process.

Production Order- GUI 
The Below Diagram Demonstrate the user interface of production order.                          

Production Process 

The Given Diagram show production Process

For SAP ERP Training or SAP Production Module Training please visit the links.

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SAP Business One Course Outline

SAP Business One   

Introduction   SAP Business One is affordable, easy to use business management software designed specifically for small and midsize business. It enables enterprise to manage their critical business functions across sales, distribution, financials, all in a single integrated system.  

With SAP Business One, enterprise can instantaneously access a complete and up to minute view of their business, so they can respond to customers faster and grow their business more profitably. 

Course Content

• Course Overview
• Fundamentals of SAP Business One
• Master Data
• Purchasing – A/P
• Sales – A/R
• Cross-Functionality
• Inventory Transactions
• Production
• Sales Opportunities
• Financials
• Banking
• Financial Statements and Reporting
• Human Resources
• Service

Outcome

• After Successful implementation of this course you will be able to:   
• Explain the terminology used by SAP Business one
• Stream line businesses processes knowledge
• Learn the basics of the SAP system with hands-on exercises
• Learn how to navigate, search, and get help in SAP B-1 solutions
• To Gain faster time to value by using software that can be used in future
• Overview of the various modules in SAP Business One Standard                    

For SAP ERP Training or SAP Other Module Training please visit the links.

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SAP Business One

Sap Business One

Sap business one is a single solution that is affordable for running an entire small and mid-sized company. It includes all the major areas of most organizations including financials, sales, customer relationship management, vendor relationship management, inventory, purchasing, and light manufacturing, and project tracking, planning and reporting.

The main attraction of this software is that it really affordable and giving more chance of critical decision making for the firms. It combines all the company working data into a single system and provides combined reports based on that. SAP Business One has inbuilt business intelligence reports that helps the organization to take crucial decisions and analysis. It will also help the organization for better sales forecasting and sales services.

SAP B1 was built on and runs on Microsoft SQL server and now also runs on the SAP HANA in-memory platform.

Core Functional area of sap business one

·         Accounting and Finance:

v  Accounting

v  Controlling

v  Banking and reconciliation

v  Financial reporting and analysis

·         Inventory and distribution

v  Warehouse and inventory management

v  Bin location management

v  Goods receipt and issue control

v  Production and material requirements planning

v  Efficient reporting

·         Sales and Customer Management

v  Sales opportunity management

v  Campaign management

v  Customer management

v  Service management

·                  Reporting

v  Access critical information with integrated analytic and reporting tools.

v  Gather data from multiple sources from across all Financials, sales, Customers, inventory, service, production, and operations.

v  Generate timely and accurate reports

·                   Purchasing and operations

v  Master data management

v  Procurement

v  Warehouse and accounting

v  Integration Up-to-date reporting

      SAP Business one architecture:

The main advantages of sap business one:

·         Sap Business one is very cost effective

·         It provide the facility of real data time access

·         It helps user to make proper decisions

·         It is capable to increase employee productivity

·         Firm profitability also increasing

·         It can be deploy within 8 week 

·         Targeted business growth through streamlined operations.  

Type Of user licenses available in sap business one

Sap business one provide four type of user license each possessing subordinate levels of accessibility. Vision33 Sales consultants work with each customer to recommend license types based on user needs.

Professional User:

A Professional User has access to all modules and functionality within the Business One software. This user is typically involved in the business on all levels such as the CEO, President, Management, etc.

Limited CRM User:

Limited CRM User has access to all the major features of the Sales, Purchase and CRM modules. This user is involved with sales, marketing, and customer relations role within an organization.

Limited logistics user:

Limited Logistics User has full access to all Sales, Inventory, and Production modules and limited access to the Purchase module. This user license is for employees involved in Procurement, Purchasing, and Supply Chain Management

Limited Financial User:

Limited Financial User has access to all major Banking, Purchase and Financial functionality in Business One. Typical users include Controllers, Accountants and Financial Analysts.

For more details about sap erp training and sap business one training please visit : www.asipt.net/sap-erp-training

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