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Wizmen Manufacturing System

Optimizing Production, Maximizing Efficiency!

Meet the business management solution suite that ticks all your boxes instead of putting you into one

Introduction

Wizmen Manufacturing System is a comprehensive ERP solution designed to streamline and automate end-to-end manufacturing processes. From work orders, bill of materials (BOM), material consumption tracking, and job costing to inventory management and financial integration, this system ensures seamless operations, accurate cost tracking, and optimized production planning. With real-time analytics, automated inventory management, and production efficiency insights, businesses can increase productivity, minimize waste, and maximize profitability.

Wizmen Standard ERP

Salient Features of Wizmen Standard ERP

Work Order

Enables comprehensive production tracking by managing job scheduling, resource allocation, and task execution while ensuring real-time monitoring of work progress.

Bills of Material (BOM)

Defines detailed material requirements for each product, ensuring accurate material planning, cost estimation, and resource optimization.

Material Consumption based on BOM

Tracks actual material usage against planned consumption, reducing wastage and improving inventory control.

Job Costing

Calculates exact production costs by integrating material, labor, and overhead costs, providing accurate profitability insights.

Work in Process

Monitors ongoing production activities, ensuring efficient workflow and timely order completion.

Wastage Management

Tracks waste materials generated during production, helping in cost control and process optimization.

Bi-Products Management

Manages secondary outputs generated during production, allowing businesses to utilize and monetize by-products effectively.

Inventory Integration

Ensures seamless stock management by linking raw materials, work-in-progress, and finished goods with production modules.

General Ledger System:

Flexible Chart of Accounts, budgeting, reporting, automated transactions, advanced financial analysis, and tailored financial statements.

Cash Management System:

Streamlined transaction recording, automated cash processes, receivables tracking, insightful reporting, and secure access controls.

Sales & Receivable System:

Comprehensive sales management, robust analytics, visual insights, and enhanced features for end-to-end sales processing.

Purchase & Payable System:

Efficient procurement, advanced document matching, transaction detail, supplier management, tax handling, credit control, and integrated payments.

Fixed Assets Management System

End-to-end asset lifecycle management, precise asset tracking, and seamless integration with financial modules.

Budgeting System

Comprehensive, integrated budgeting and financial planning, aligning resources with strategic goals.

Flexible Inventory Structuring

Organize inventory with customizable item categories, cost centers, and locators for precise tracking and optimal storage.

Efficient PO & Demand Management

Streamlined PO processes with demand matching, tolerance settings, and un-invoiced GRN tracking for accurate billing.

Dynamic Inventory Reporting

Real-time insights from tailored inventory reports across all stages of inventory lifecycle management.

General Features:

Enhanced security, multilingual and multi-currency support, offline and mobile access, flexible customization, and detailed audit trails.

Multiple Currency Handling

Enter transactions in any global currency with real-time conversion to native currency for accurate reporting.

Electronic Authorization:

Streamlined electronic transaction approvals to ensure seamless, verified financial operations.

Strong Security System

Advanced security controls grant role-based access to ensure secure, authorized system interactions.

Transaction Batching

Efficient transaction batch creation with options to post or un-post entire batches as needed.

Budget Controls:

Expense budgeting tools help maintain cost-efficiency while preserving performance.

Tight Integration of All Modules

Modules are fully integrated, eliminating data entry redundancy across the system.

Flexible Account, Item Category, Cost Center, Locator, and Area Coding

Adaptable coding structures for dynamic requirements in accounting, inventory, and cost management.

Centralized Database Model

Centralized database enables efficient data replication from remote sites to the main office.

Modules and Key Features

Work Order

Job Scheduling

Assigns tasks to production lines with deadlines.

Allocates materials, labor, and machine time efficiently.

Monitors real-time work order completion.

Bills of Material (BOM)

Detailed Material Listing

Defines every component required for production.

Calculates material costs for accurate pricing.

Manages sub-assemblies and dependencies.

Material Consumption based on BOM

Planned vs. Actual Tracking

Compares actual material usage with planned BOM.

Updates inventory upon material consumption.

Identifies material losses during production.

Job Costing

Cost Breakdown

Tracks material, labor, and overhead costs.

Provides real-time insights into job profitability.

Links job costs with financial records.

Work in Process

Production Monitoring

Tracks ongoing production stages.

Ensures efficient use of workforce and materials.

Detects delays and inefficiencies in workflows.

Wastage Management

Waste Tracking

Monitors scrap and defective products.

Reduces material wastage through data insights.

Identifies opportunities to repurpose waste.

Bi-Products Management

By-Product Identification

Categorizes secondary outputs.

Tracks the impact of by-products on production cost.

Helps monetize reusable by-products.

Inventory Integration

Raw Material Tracking

Ensures adequate stock availability for production.

Updates stock after production completion.

Organizes stock efficiently to minimize storage costs.

General Ledger System

Multi-Segment Chart of Accounts

Organizes accounts based on hospital departments.

Automates financial postings and audit trails.

Produces balance sheets, income statements, and cash flow reports.

Cash Management System:

Receipts & Payments Marking

Easily set clear dates for receipts and payments.

 Create accurate, easy-to-manage reconciliation statements.

Manage cheque book inventory and print cheques directly.

Record cheque date, transaction date, invoice date, and clearance dates for thorough audit tracking.

Sales & Receivable System

Sales Order Management

Create and manage sales orders with ease, capturing customer details, product specifications, pricing, and delivery information.

Generate dispatch advices to inform warehouses of upcoming deliveries, ensuring smooth order fulfillment.

Issue accurate and professional sales invoices with multiple date options (invoice date, due date, recording date) for flexible financial tracking.

Record and manage customer payments efficiently, with support for various receipt methods.

Simplify tax compliance by managing tax challan receipts seamlessly within the system.

Issue debit and credit memos to adjust invoices for returns, discounts, or errors.

Maintain a detailed record of all sales transactions for clear financial tracking.

Calculate and generate sales commission reports to incentivize and reward sales personnel.

Track all customer receipts and collections in a centralized journal.

Organize and prioritize collection calls for improved debt recovery.

Maintain a comprehensive customer ledger encompassing all sales transactions and account details.

Efficiently match invoices, receipts, and other documents for accurate reconciliation.

Configure flexible commission structures and freight calculations for precise sales calculations.

Record unlimited expenses and rebates directly during invoicing for streamlined record-keeping.

Manage transactions for goods, services, and expenses within the system.

Accommodate different measurement units on invoices to cater to diverse customer needs.

Organize customers by category, grade, and sector for targeted marketing and sales strategies.

Simplify sales tax calculations and ensure compliance with tax regulations.

Offer customers flexible settlement options, including bill-wise and on-account settlements.

Group related customers under a single principal customer for efficient management.

Maintain comprehensive customer profiles with complete details, including multiple addresses and contacts.

Set credit limits for customers based on days and amounts to manage credit risks effectively.

Send automated reminder letters for overdue payments, streamlining collection efforts.

Purchase & Payable System

Supplier & Vendor Management

Maintains supplier database and contract terms.

Tracks requisitions, approvals, and deliveries.

Automates invoice verification and payment scheduling.

Manages international supplier payments.

Fixed Assets Management System

Medical Equipment Tracking:

 Logs equipment usage, maintenance schedules, and transfers.

 Automates asset depreciation over time.

Tracks asset retirement and resale value.

Budgeting System

Budget Definition & Grouping

Define budgets for different departments or units, consolidating into overall budget categories.

Allocate budgets by specific periods for timely management.

Track actuals versus budgets, providing variance reports for financial oversight.

Real-time integration with general ledger for comprehensive budget management.

Financial - Reports

Balance Sheet

Sales & Receivable - Reports

Receivable Analysis – Customer Wise

Purchase & Payable - Reports

Payable Analysis – Supplier Wise

Cash Management System - Reports

Bank Reconciliation Report

Inventory - Reports

Demand Reports

Budgeting System – Reports

Budget Allocation Report

Wizmen Specifically Tailored For

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Frequently Asked Questions (FAQ)?

What is Wizmen Manufacturing System?

Wizmen Manufacturing System is a fully integrated ERP solution designed to manage end-to-end manufacturing operations, including work orders, BOM management, material consumption, job costing, WIP tracking, inventory integration, and financial reporting.

How does the system improve production efficiency?

It provides real-time production tracking, machine and resource allocation, bottleneck identification, and automated workflow monitoring to ensure optimized operations.

Can the system calculate accurate job costing?

Yes. It integrates material, labor, overhead, wastage, and by-product cost allocation to provide precise job-wise and product-wise profitability analysis.

Does the system support multi-level BOM structures?

Yes. The system supports multi-level BOMs, including sub-assemblies and dependent components, ensuring accurate production planning.

How is material consumption controlled?

The system tracks planned vs. actual material usage based on BOM, automatically updates inventory, and generates variance reports to reduce overconsumption.

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