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By: Peter Poletti

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Reservations and Allocations Functions & Features

Main modules covered Reservation days--time fence between soft and hard allocations;Displays online and in real time resources and inventory that are available in a specific location;Item balances maintained by grade specifications and lot number;Available inventory reduced at time of sales order entry;Customizable rules for reallocating inventory across open orders;Immediate allocation of inventory quantities to backorders;.. Reservations and Allocations Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Reservations and Allocations Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria. The ERP RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to ERP software vendors. It ensures for:

  • complete response from each ERP software vendor
  • deep and accurate evaluation of submitted ERP proposals
  • impartial side-by-side comparison of ERP solutions evaluated
  • rational and documented selection of the best matching ERP system

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The Reservations and Allocations Functions & Features comprise the following elements:

  • Reservation days--time fence between soft and hard allocations

    Reservation days refers to the number of days a client can put an item on hold. Soft allocation is the assignment of goods not yet received or committed to an order. Hard allocation is the assignment of a stocked (inventory) item to a sales order. Reservation days--time fence between soft and hard allocations, Reservations and Allocations Functions & Features

  • Displays online and in real time resources and inventory that are available in a specific location

    Displays online and in real time resources and inventory that are available in a specific location, Reservations and Allocations Functions & Features

  • Item balances maintained by grade specifications and lot number

    Item balances maintained by grade specifications and lot number, Reservations and Allocations Functions & Features

  • Available inventory reduced at time of sales order entry

    Available inventory reduced at time of sales order entry, Reservations and Allocations Functions & Features

  • Customizable rules for reallocating inventory across open orders

    Customizable rules for reallocating inventory across open orders, Reservations and Allocations Functions & Features

  • Immediate allocation of inventory quantities to backorders

    Immediate allocation of inventory quantities to backorders, Reservations and Allocations Functions & Features

TEC Advisor can save you up to 90% of the time you would have otherwise spent figuring out on your own which ERP solution is the best for your needs.

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Functions and Features