Wizmen ERP Cotton Features

WIZ-ERP

Cotton Management Features

        131 - Ali Block, New Garden Town, Lahore - Pakistan.

Voice   # +9242-35886651 – +9242-35845570 - 71Cell       # +92321-9416 913 Website: www.wizmen.net. Email:  nadeem@wizmen.net 

Cotton Purchase – Overview

Lab Test After Receipt

Lab Test Before Purchase Sample

Payment

Supplier Mill Premises Accounts Deptt Procurement

Group Purchase Contract

Company Purchase Contract

Start

Cotton Dispatch

Supplier Invoice

Cotton Receipt Note

End

Purchase Return Payment AdviceRMA Outward

Purchase Invoice

Cotton Issue Note

Cotton Internal Stock Transfer Note

Cotton Issue Return Note

Cotton Internal Stock Transfer Note

Cotton Management – Cotton Requirement

Unit, Year and Item wise Cotton requirement is first of all fed in the system

Cotton Management – Quality Parameters

Unlimited user defined Quality Parameters (Lab tests) for every material type e.g. Cotton.

Cotton Management – Sample Test ResultsSample Lab test is fed Ginner wise, Station wise and Broker wise in the system for future reference in Purchase Contract

Cotton Management – Group ContractGroup Contract is fed in the system with the agreed values of all defined Quality Parameters. This Group Contract represents all units of Group

Cotton Management – Group Contract

Group Contract represents all units of Group. After that the Company Wise Division is fed in the system. This allocation represents the Bales share for each unit from Group Contract

Contract can be cancelled multiple times, in partial or full

Cotton Management – Group Contract

Contract wise delivery schedule is fed in the system.

Cotton Management – Cotton Receipt

Cotton Receipt is fed at the mill site with all the Quantitative information only. Ginner weight and mill weight as well as ginner tare and mill tare are fed in the system to compute the Net Weight.

Cotton Management – Lab Test ResultsLab test result may be fed Lot wise as well Bale wise

Cotton Management – Purchase Invoice

On the basis of Lab Results, short weight is auto computed and Net Weight is determined. Sales Tax, Income Tax and Brokerage amounts are also auto computed.

Journal voucher is posted with all details of Income Tax and Brokerage amounts

Cotton Management – Brokerage

Brokerage purchase invoice is auto generated from the cotton purchase invoice.

Cotton Management – Payment Advice

Payment Advices are made to approve Advance/Balance Payments to ginners against Cotton Contracts

Cotton Management – Payment

Payments are made against Payment Advices

Cotton Management – I.Tax Deposit

This automated process fetches Income Tax deducted at source from Cotton Purchases and Income Tax deposit voucher is automatically generated against this screen

Cotton Management – Cotton Issuance

Option to feed Lot wise as well as Bale wise issuance depending on the company policy. Bales weight will be auto computed depending on the Average paid weight of lot.

Cotton Management – Cotton TransferThis option may be used for inter-unit transfer of cotton Bales as well as to reserve pledged Bales into a specific logical inventory

This example is showing a transfer of 100 bales from GODOWN 01 to GODOWN 02

Cotton Management – Stock Adjustments

This option can be used to adjust cotton stocks in terms of quantity or value against any inventory gain or loss e.g. if some Bales are found to be damaged then we can change its Grade accordingly and book the financial loss against stock

Cotton Management – Reports

This report is displaying detail history of Cotton Contracts

Cotton Management – Reports

This report is displaying summarized picture of Cotton Contracts

Cotton Management – Reports

Standard format of Purchase Invoice Register

Cotton Management – ReportsThis is Contract wise Income Tax Deposit report

Cotton Management – Reports

This is Station Wise Contract Status Report

Cotton Management – Reports

This is Lab Test report which is displaying the Receipt wise user defined Quality Parameters value

Cotton Management – Reports

Inter unit Cotton Transfer report

Cotton Management – Reports

This is Party wise consolidated stock report

Cotton Management – Reports

This report is displaying the unit wise Cotton Purchase status and the Balance to be procured against the planned quantity of Bales

Cotton Management – A quick flashbackSome features that we have gone through in this demonstration

Option to feed unit and year wise cotton requirement

Option to use unlimited number of quality parameters

Option to feed lab test results for samples

Option feed a group contract for multiple units and then allocate part of group contract to individual units

Contract wise delivery schedule is fed into system

Contract wise cancellation can be made for the balance contract quantity

Shortage in weight and excess in trash/moisture is auto calculated at the time of receipt

Cotton Management – A quick flashbackSome features that we have gone through in this demonstration

Option to feed lot wise or bale wise lab test results

At the time of purchase invoice, following is auto calculated

Amount for short weight Amount for excess tare and moisture Net weight Sales tax amount Income tax amount Brokerage amount

Payment advices are made to approve Advance/Balance Payments to ginners against Cotton Contracts

Cotton Management – A quick flashbackSome features that we have gone through in this demonstration

Payments can be made against the approved payment advices

Automated process to fetch I.Tax deducted at source from cotton purchases invoices and auto generate the I.Tax deposit voucher

Option to feed lot wise or bale issuance

Option to feed inter-unit transfer of Bales as well as to reserve pledged Bales into a specific logical inventory

Adjustment process can be used to adjust cotton stocks in terms of quantity or value against any inventory gain or loss

Comprehensive set of standard reports is available in the system