Maxfair & Company Limited, a homeopathic manufacturer in Bangladesh, has successfully implemented a customized ERP solution. Let’s explore the core modules of their system:

 

1. Order Management:

   • This module handles the entire lifecycle of customer orders, from initiation to fulfillment.

   • Features include order entry, real-time order status updates, and seamless communication with customers regarding their orders.

2. Pricing Module:

   • Maxfair manages its product pricing strategy using this module.

   • It allows for dynamic adjustments based on factors like demand, competition, and production costs.

3. Sales Module:

   • Tracking sales activities and managing customer relationships are central to this module.

   • Features include lead management, conversion of leads into sales, sales reporting, and data analysis.

4. Inventory Management:

   • Maxfair keeps a close eye on inventory levels, covering raw materials, work-in-progress, and finished goods.

   • The module optimizes stock levels, prevents stockouts, and minimizes excess inventory costs.

5. Cash Receivable:

   • Efficient management of accounts receivable is crucial. This module handles invoicing, payment tracking, and follow-ups on overdue invoices.

   • Timely payment collection and improved cash flow are the goals.

6. HR Payroll:

   • Employee payroll processing is streamlined through this module.

   • It calculates salaries, manages deductions, and ensures compliance with labor regulations.

7. Attendance Tracking:

   • Keeping tabs on employee attendance and work hours is essential.

   • Features include clocking in/out, work schedule management, and attendance reporting.

8. Financial Reporting:

   • This module generates comprehensive financial statements and reports.

   • Insights into financial performance, profitability, and liquidity are derived from data across various modules.

9. BMR (Batch Manufacturing Record) Module: Specifically designed for batch manufacturing processes, this module captures detailed records of each manufacturing batch, including ingredients used, process parameters, and quality control measures. It ensures compliance with regulatory requirements and facilitates batch traceability and quality assurance.

By integrating these modules into a cohesive ERP system, Maxfair & Company Limited can improve operational efficiency, enhance decision-making, and achieve better overall business outcomes.