Using standard Accounting software you would continue doing
Purchasing, Invoicing and Accounting in your accounting software. When you order raw materials and container components you
receive them into FORMULATOR's Inventory
Manager module (we selectively handle lot tracking), use the PO number as a
reference and print out the receiving record to enter into your Accounting
Software for payment purposes. Cost of
the product is by lot if lot tracking or FIFO if not, based on the current raw
material cost. You do all batch tickets, inventory control, quality
control, certificate of analysis, cost analysis,
physical inventory and packaging fill tickets in FORMULATOR. This will create bulk formulas, allow sales
of bulk materials, create fill tickets for packaging and output multiple SKU
records in the FORMULATOR inventory.
FORMULATOR complies with the FDA CFR11 requirements so all data is
logged by transaction. When you sell or sample a product you invoice the customer
in your Accounting Software and relieve inventory of bulk or packaged product
in FORMULATOR using the Shipping Transaction Editor tools. Integration with order processing is
possible with some accounting systems.
Cost of Goods Sold is based on lot cost or FIFO. Integration with package line discreet
manufacturing software can be accomplished passing FORMULATOR bulk materials in
one predefined unit of measure to the inventory records of the other. The FORMULATOR Inventory Manager provides user selectable
lot tracking and an audit trail to which lots were used in which batches of
product produced. This identifies which lots of a given raw material went into
which batch of product. To assure an audit trail identifying which customers
received a given batch of raw materials, the Shipping Invoice number will have
to be entered as a reference by the user when relieving inventory in
FORMULATOR. This reference then becomes a searchable identity for future use. The capability to do Cost
Analysis and Pricing including raw materials (with losses), packaging,
labor and overhead are provided in the basic FORMULATOR software. The Chemical Version of FORMULATOR also aids
in calculating physical properties
by user defined properties and can aid in creating product labels, all as part
of the basic program. The FORMULATOR Quality
& Production Manager tools are a necessary part of Inventory
Manager. It provides multiple
specifications by raw material or product specifications to meet specific
customer requirements and provides multiple batch sheet and batch correction
functions, logging multiple test results at critical control points and will
output a Certificate of Analysis sheet when needed. The addition of REGULATORÔ
adds MSDS and Shipping Label functions. Thus, with a standard accounting package and FORMULATOR with
the Quality & Production Manger and Inventory Manager modules, the small
Adhesive, Paint & Coatings, Ink, Lubricant, Cleaning Materials or Specialty
Chemical operation has all of the software to control formulas, develop product
labeling, assure production control, and do inventory control. All at a reasonable cost,
with software that can be implemented with a minimum of support and training.
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