System Master Data
A solid business system starts with a solid foundation. Ascent ERP provides you with the tools to create and update your items, manage your inventory, develop your kits and bills, and create, price and track your orders.
The Ascent ERP implementation process starts with an analysis of the master data as a first step. Every team involved in the implementation needs to work together to ensure that the definition of every piece of base business data is consistent with the organization’s goals and objectives. This is the perfect time to decide which data is important to the organization as well as what data is no longer required and can be cleansed.
To view detailed information regarding Master Data, please click one of the following:
Locations – these are physical locations, where inventory can be stored. They can be warehouses, bins, stockrooms, trunk stock, or any place where you need to keep track of your inventory. To view detailed information about this click here
Item Groups – an item group allows you to categorize your items. They may have similar characteristics, properties, or usage. You can use item groups as components of trade agreements, as a component of selecting general ledger accounts for journal purposes, or for selecting/displaying items on a sales order. To view detailed information about this click here
Item Master – this is the hub of all master data in Ascent. It contains information pertinent to inventory, purchasing, sales, manufacturing, and accounting. Item master is where you can set rules as to the usage of an item, like whether it can be sold, if it is serialized, or allowed to be drop-shipped to a customer from a supplier just to give three examples. To view detailed information about this click here
Bill of Materials – a bill of materials in Ascent ERP can be used in several ways. One way is a list of material to be used in the manufacture of an assembly or finished good. The other way is to list components of a kit, which is never assembled, but ordered as a kit, and simply gathered together at shipping time to expedite delivery to a client. To view detailed information about this click here
General Ledger – all movement transactions that cause a financial impact to the organization can be the mechanism to create a journal entry for recording into the general ledger. What accounts get posted in the general ledger can be determined at the item, item group, or transaction profile level. To view detailed information about this click here – [TBD]