ERP implementation requirements for Finished goods and WIP

1.     WIP Inventory Valuation:

1.1   Plant-wise and Business-wise: For API ,Excipients and packing materials

1.2   Plant-wise and Business-wise: Labour & Overhead in various stages or subdivisions

1.3   Plant-wise and Business-wise: Quarantine Stocks

1.4   Physical WIP Stock Adjustment

1.5   Analysis of Rejected, Written-off WIP/MDRs in value and Quantity

1.6   Year-end revision

2.     Finished Goods Inventory

2.1   Plant-wise and Business-wise Finished Goods

2.2   Physical FG Stock Adjustment

2.3   Analysis of Written-off FG/MDRs in value and Quantity

2.4   Year-end revision of Finished Goods

2.5   Analysis of Broken, Damaged, Short Dated or Expired FG in value and Quantity

2.6   Analysis of Remaining Shelf life of individual products