Third-party article management

What is meant by Third-party article management?

The term "third-party item management" refers to the systematic recording, monitoring, and management of items that are not produced by the company itself but are sourced from external suppliers or manufacturers. This management is crucial to ensure the quality, availability, and cost-effectiveness of third-party products. Third-party item management typically encompasses both purchasing and storage, as well as the integration of these items into the company's production or sales processes.

Typical software functions in the area of "third-party item management":

1. Item Master Data Maintenance: Management of basic information about third-party items, including description, price, supplier, and quality standards.
2. Inventory Management: Monitoring of the inventory levels of third-party items to prevent shortages or overstock.
3. Order Management: Creation and management of orders for third-party items, including tracking the order status.
4. Supplier Evaluation: Assessment of supplier performance based on criteria such as quality, delivery times, and cost-effectiveness.
5. Quality Control: Implementation of measures to verify and ensure the quality of incoming third-party items.
6. Integration with ERP Systems: Connecting third-party item management with existing ERP systems for seamless data processing and analysis.
7. Reporting and Analysis: Creation of reports on usage, costs, and performance of third-party items to support decision-making.

Examples of "third-party item management":

1. Procurement of Components: Management of components sourced from external suppliers for production.
2. Accessory Parts for Machinery: Management of accessory parts needed for the maintenance and operation of machinery.
3. Retail Third-Party Products: Management of products sourced from other manufacturers and sold in one’s own store.
4. Raw Materials from Third Parties: Monitoring and management of raw materials sourced from external suppliers.
5. Auxiliary Materials: Management of auxiliary materials needed for production processes that are not manufactured by the company.
6. Service Providers: Management of service providers offering external services required for operations.