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What is the MYOB Advanced Manufacturing Edition?

Discover a tailor-fit solution for your manufacturing needs with the MYOB Advanced Manufacturing Edition.

Last year, MYOB released an exciting, new industry-specific solution to the Australian market – the MYOB Advanced Manufacturing Edition. This ERP edition was designed to address the needs of the manufacturing sector with features focused on the bill of materials, production management, materials requirements planning (MRP), product configuration and estimation.

In our previous article, we joined in on the Niche ERP vs. Generic ERP debate and shared some of the latest technology that MYOB has developed for the manufacturing and construction industries. For this article, we’ll be taking a deep dive into what you can expect from the MYOB Advanced Manufacturing Edition.

Manufacturing is a very complex operation. Its stages – from settling quotations, engineering to production – require intense attention to detail for its success. The MYOB Advanced Manufacturing Edition streamlines all these steps into one central real-time ERP system. With this manufacturing ERP, companies can expect improved cost tracking, balancing of supply and demand, as well as greater control and efficiency over production and material billing, materials requirement planning, and product configuration.

The MYOB Advanced Manufacturing Edition page shares the following specs:

Bill of materials and routing

  • Connect materials, work instructions and overhead costs to an operation to accommodate the time-phased release of materials.
  • Multiple levels of bill of materials for both engineering and costed views of the entire product structure.
  • Calculate costs at average, standard and actual cost. Add tooling costs and overhead costs, both fixed and variable.

Production management

  • Use manufacturing operations management software to capture total manufacturing costs, including material, labour, machine, tool, overhead, and outside processes.
  • Employ multiple scheduling options including both forward and backward manufacturing scheduling methods.
  • Monitor and manage performance with detailed reports, including actual vs. standard/planned costs by detailed element – labour, material, machine, tooling, and fixed and variable overheads.

Material requirements planning (MRP)

  • View all supply and demand. Create production and purchase orders directly from the planning screen.
  • Use full multi-level planning to ensure that all requirements are recognised and satisfied for smooth production operations.
  • Enhance your manufacturing resource planning by planning every requirement for every item. MYOB Advanced MRP does not ignore detail by grouping requirements together.

Product configurator

  • Create a new configured order by simply copying or modifying an existing configured order or quote.
  • Make multiple revisions of the same configuration while maintaining a history of the revisions and who created them.
  • Based upon the features and options chosen, the system has multiple price roll-up capabilities to determine the actual unit price for a specific configured item.

Estimating

  • Prepare estimates for existing or custom items. Create a simple, quick summary estimate or a detailed estimate using a bill of material structure.
  • Create a new estimate by simply copying or modifying an existing estimate, bill of material, or production order bill of material.
  • Make multiple revisions of the same estimate while maintaining a history of the revisions and who created them. Generate more accurate estimates of expected labour, material, and overhead costs.

According to an Employment Report, manufacturing was the seventh-largest industry in Australia – indicating that this sector will be integral in the economic recovery from the impact of the coronavirus.

“The MYOB Advanced Manufacturing Edition is rich with features specifically designed for an industry that plays a pivotal role in Australia’s economy,” MYOB General Manager Enterprise, Kim Clarke, said.

“This goes beyond accounting functionality – it is a way for manufacturing business leaders to efficiently manage their whole organisation with one system and without the need for third-party manufacturing add-ons,” she adds.

Are you looking for an ERP provider in Western Australia to help you add the manufacturing module to your system or with your other ERP system needs? Contact the AlphaBiz Team and allow us to assist you.

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