Production Management — a complex process that involves not only controlling the production cycle but also ensuring the profitability of the business.
Production Management Accounting Cycle
Regardless of the scale and batch size of production, entrepreneurs must address and monitor a range of issues to meet production deadlines:
- planning and procurement of materials,
- inventory control in the warehouse,
- calculation of planned and actual cost of produced goods,
- tracking order completion deadlines,
- monitoring customer interactions,
- controlling production stages,
- accounting for finished goods and defects,
- tracking and paying employee wages,
- selling finished goods.
The Torgsoft program enables production automation and provides full-cycle accounting for a manufacturing enterprise, from purchasing raw materials to selling finished goods in bulk and retail.
Automation Functions of the Additional Option «Production: Accounting of Materials and Finished Goods»
Material Procurement. Nomenclature, supplier invoice import, cost price, supplier settlements, payment control.
Material Inventory Control. Distribution across warehouses, receipt, expenses, write-offs. Material reservation for production needs. Production accounting.
Procurement Planning. Calculation of required material quantities based on customer orders and current inventory. Creation of supplier orders, automatic receipt based on orders.
Automation of Technological Processes. Creation of technological cards for products and semi-finished goods. Technological cards for complex products. Technological cards for a model range. Control over material substitution during production (material equivalents in the technological card). List and sequence of operations for product manufacturing.
Production Operations. Operations and operation groups. Wage grades and coefficients.
Route Sheets. Real-time production monitoring. Automatic logging of completed operations. Linking employees to operations.
Production Acts. Flexible recording of completed production operations. Linking executors to operations.
Equipment. Accounting for equipment usage and load. Production planning.
Production Stages. Tracking the stages of each route sheet or production act.
Material Write-offs for Production. Writing off materials both during production and after the production of finished goods. Accounting for waste.
Cost Price of Products. Calculation of product cost price based on material costs and labor. Cost accounting for batches and individual units of finished goods.
Contract-based Payroll. Linking operations to executors. Wage coefficients in operations. Wage grades.
Production of Finished Goods. Receipt of finished goods into the warehouse with calculated cost price and predefined markup. Labeling. Generation of serial numbers. Defect write-offs.
Customer Orders for Production. Accounting for customer orders for production of individual units and model ranges. Order tracking. Payment and shipment tracking.
Finished Goods Accounting. Unlimited product characteristics, warehouse accounting, wholesale and retail pricing, sales, and returns.
Comprehensive Production Automation and Finished Goods Output in Torgsoft
Since the production automation system is an integral part of the Torgsoft program, it interacts with all the program's accounting functions. The entire product lifecycle and all business operations are stored in a unified system, enabling financial results to be evaluated quickly and accurately. Torgsoft provides entrepreneurs with:
- Warehouse Accounting for Materials and Finished Goods. Nomenclature, unlimited product characteristics. Receipt, expenditure, transfer, inventory, storage locations.
- Financial and Accounting for Production. Settlements with suppliers and clients. Accounting for production income and expenses. Financial analytics and categorization by analysis items. Debt control.
- Customer Relationship Management. Maintaining a customer database, discount programs with cumulative and fixed discounts, bonus programs.
- Supplier Management. Import of supplier invoices, order creation, and automatic receipt generation. Supplier settlements.
- Personnel. Employee time tracking, accounting for sales per employee. In the additional option «Payroll Calculation and Employee Motivation System»: wage rate payments, hourly rate, various types of percentage from sales (collective and individual). Contract-based payroll in production.
- Pricing. Retail and wholesale prices. Currency price lists. Markups. Cost price calculation and sales control with minimal markup. Quick price calculation and changes.
- Repair and Warranty Service. An additional module for accounting repair orders, tracking work and consumables. Payment for technicians. Repair stages and statuses.
- Sales in Retail and Wholesale. Quick search by barcode, article number, or name. Sale price control. Automatic discount calculation based on discount program conditions. Receipt printing.
- Trading with Invoice. Issuance of commercial offers, invoices, and expense receipts. Payment tracking. Shipment via carriers and tracking of waybills.
- Marketing. Mass mailings via email, SMS, and Viber. Promotions. Discount policies. Customer surveys.
- Online Sales. Export of products and prices to an online store, Prom, and Rozetka. Order export.
- Analytics. Reports and analyses providing insights into business performance from various perspectives.
- Security. Access control to the program. Action restrictions. Logging and activity/change journals.
Torgsoft provides comprehensive production automation. For production accounting, you need:
- Torgsoft Ultra License or Terminal, starting from version 7.5.2.0.
- The additional option «Production: Accounting of Materials and Finished Goods».
Torgsoft supplies equipment compatible with the warehouse and production program. Considering the load, we recommend the following for automating technological processes in production:
- Wired Scanner Datalogic QuickScan QW2100: reliable, durable, reads even worn barcodes well.
-
Wireless Barcode Scanner Netum C750: lightweight, pocket-sized scanner, 20 hours of continuous scanning, recognizes barcodes at a distance of 4 to 25 cm from the label, stores up to 100,000 barcodes in built-in memory.
-
Receipt Printer Xprinter XP-Q801K USB+WiFi: for thermal printing of receipts, invoices, tickets on 80 mm wide paper. The WiFi module allows printing from any computer on the local network, via USB and WiFi interfaces.
- Label Printer TSC TE200: thermal transfer printer capable of printing up to 4,000 labels daily on adhesive paper or fabric.
To test the additional option «Production: Accounting of Materials and Finished Goods», download the free demo version of the Torgsoft program and activate the feature for 30 days. All information is stored on your computer, and after purchasing the additional option, you can continue production accounting from where you left off.
Go back to the previous step