MYOB Advanced Cloud ERP for Distribution Management
Powerful inventory control and management
IMPROVE YOUR DISTRIBUTION EFFICIENCY
MYOB Advanced is a comprehensive solution for improving your distribution efficiency through better inventory control and cost tracking across multiple locations. With MYOB Advanced, you can easily maintain detailed information on your inventory, including supplier codes, barcodes, cost, and sell pricing history. You can also track inventory levels and costs across multiple warehouses and locations.
Advanced inventory management features include serial and batch tracking, kit assemblies, and bin location with pick priorities. Additionally, MYOB Advanced allows you to manage multiple customer and supplier price lists, including order discounting policies, which can help you streamline your inventory processes and reduce costs.
“There’s also a clear audit trail of changes…it’s not about looking over people’s shoulders, it’s about having a level of comfort that the system has a control element for what you want a financial system to do.”
Distribution Management Features
Efficiently manage your distribution process with system-wide inventory control and effective inventory management software - including real-time access to inventory in transit, available inventory, and inventory costs.
- Inventory Management
- Sales Order Management
- Purchase Requisition Management
- Purchase Order Management
- Warehouse Management
- Mobile Applications
Efficiently managing your inventory and distribution processes is crucial to the success of any business. MYOB Advanced offers a comprehensive solution to streamline these processes with its stock control and distribution software. With real-time access to inventory in transit, available inventory, and inventory costs, you can effectively manage your distribution process. MYOB Advanced also allows you to accurately track inventory holding costs and costs of goods sold by specifying different valuation methods for different inventory items. You can choose from standard cost, moving average, item-specific, and FIFO. Additionally, MYOB Advanced lets you manage multiple warehouses and redistribute inventory from central warehouses as required. With the use of sub-categories, you can also track inventory characteristics and assign quantity information to sub-items for detailed segment insights and aggregated totals.
SALES ORDER MANAGEMENT
The MYOB Advanced order management system is designed to meet the unique needs of your business. It provides real-time data to your sales and service teams, helping to improve their operations with centrally managed sales activities. The system allows you to fulfil sales orders, enter quotes, create shipments, apply discounts, track prices, and check inventory all in one place, improving your overall ordering, fulfilment, and delivery processes. The integrated workflow streamlines your order processing by automatically triggering status changes, updates, notifications, and more. The order types are configurable, allowing you to specify workflow scenarios and documents to be generated, keeping your accounts receivable and inventory modules updated. The flexible promotion and discount features allow you to manage complex pricing and discount policies with ease, even in multiple currencies, specifying rules or allowing the order management system to calculate and apply the best discount combinations.
PURCHASE REQUISITION MANAGEMENT
MYOB Advanced offers a comprehensive purchase requisition system to support your ERP and streamline your procurement processes. By embracing automation and eliminating paperwork, you can change the way you gather requests, manage orders, and more. Moving online provides sales, shipping, management, and other stakeholders with full visibility over your requisition management. With MYOB Advanced, you can empower users to select items directly from your catalogue or edit descriptions to help you automate the order collection, bids, quotes, and order process. The system also offers workflow and approvals to ensure the correct people are involved in the process at the correct time, with approval maps and authorizations to provide alerts. Additionally, you can email requests directly to suppliers to increase the speed of the bidding process and then allocate business to a single supplier or multiple suppliers according to the line item. MYOB Advanced also allows you to use cost-plus algorithms or catalogue pricing to create sales quotes, which can be printed or emailed to customers, along with automatically generated sales and purchase orders to complete the sales activities.
PURCHASE ORDER MANAGEMENT
With an ERP solution for your purchase order needs, you can streamline and automate your purchasing processes from procurement to invoice payments. Centrally managing purchase orders allows you to enforce policies and controls while ensuring a steady supply of materials. The system can automatically generate purchase orders based on stock levels and inventory replenishment algorithms, placing orders with suppliers that meet specified requirements for price and delivery times. Multilevel approval processes can be customized based on order-specific or vendor information. Additionally, you can track partial or full receipts and consolidate multiple purchase orders into a single receipt. The system can even automatically convert receipts into accounts payable vouchers and combine multiple rejects or invoices into singular vouchers or receipts. You can also create blanket orders for volume discounts with aggregated orders, running checks for existing open blanket orders to link to.
MYOB Advanced offers excellent inventory control and warehouse management features including batch and serial number traceability, multi-warehouse and multi-bin locations. Optimise your inventory through advanced purchase planning, goods receipting and stock-take procedures.
Access MYOB Advanced anywhere, at any time, with easy access via a web browser, or use the MYOB Advanced app for iOS or Android.
MYOB Advanced offers robust and customisable reporting capabilities to help businesses gain real-time insights into their performance. With a user-friendly interface, users can create and share reports across departments and teams. The software provides an extensive range of report templates, from financial statements to custom reports, and the ability to create reports with a drag-and-drop interface, all while providing the flexibility to customise reports to meet specific business needs. MYOB Advanced also enables users to schedule and automate report generation and delivery to save time and ensure timely access to crucial information. With powerful reporting capabilities, businesses can analyze data, identify trends, and make informed decisions.