What is meant by Requirement lists?
Requirement lists are detailed inventories of the materials, components, or resources needed to complete a project or manufacture a product. They are commonly used in production planning and inventory management to ensure that all necessary items are available in sufficient quantities and at the right time. Requirement lists help manage the procurement process and avoid bottlenecks.
Typical Functions of Software in the Area of Requirement Lists:
- Creation and Management of Requirement Lists: Automatic creation and updating of requirement lists based on production schedules and order requirements.
- Demand Calculation: Calculating the exact material requirements based on Bill of Materials (BOMs), production schedules, and inventory levels.
- Inventory Monitoring: Real-time monitoring of inventory levels to ensure sufficient quantities are available and timely reorder.
- Order Suggestions: Generating order suggestions based on current requirement lists and inventory levels.
- Supplier Management: Managing and evaluating suppliers, including tracking delivery times and quantities.
- Integration with ERP Systems: Exchanging data with ERP systems to consolidate information and ensure consistency.
- Report Generation: Generating reports on material requirements, inventories, and order processes to support decision-making.
- Notifications and Alerts: Automatic notifications for low inventory levels or deviations from requirement lists.
