Cloud-enabled supply chain management system

FX Material Management System (FX MMS) is a comprehensive cloud module designed to manage your supply chain, inventory and procurement and related processes. IDS Next’s material management software can be used within a single office while overseeing the needs of an entire enterprise or business chain and covers hotel, restaurant and leisure spheres.

What is FX MMS?

FX Material Management System is a cloud solution designed to efficiently handle the procurement, storage, tracking, and utilisation of materials in your hospitality organisation. It helps streamline the entire process, from ordering to inventory control.  

Features

Auto-generation identification codes

FX MMS automatically assigns distinct identification numbers to documents, suppliers and raw materials, simplifying inventory management and enhancing accuracy.

Handling non-stock daily purchase items

Receive non-stock daily purchase items and issue them to cost and profit centres. This allows for the entire process to be streamlined, accurate expenses tracking and cost allocation.

Accurate report generation

Derive accurate financial reporting and makeinformed decisions. Monitor inventory levels, oversee purchases and pending items and track associated costs.

Linking of raw materials to multiple outlets

Material management software enables centralised inventory control coupled with economies of scale and ensures effective distribution of materials to properties based on the demand.

Create standing purchase orders for rate-contracted items

Eliminate the need to create new orders for items each time, ensure that essential items are consistently sourced at the agreed-upon prices and enhance efficiency.

Multi-level authorisation workflow

The document generation process of our material management system is secured with multi-level authorisation, enhancing the safety of your inventory management.

Advanced recipe management

Let your business nail precise calculations of the required quantities of each ingredient necessary for production and maintain consistency and accuracy at all times.

Audit trail

Benefit from a detailed record of transactions and changes made within the system, track discrepancies, ensure accountability at each step and meet regulatory compliance requirements.

Benefits

Optimised inventory levels

With real-time tracking of inventory levels, businesses can maintain the right amount of stock at the right times. Maintain an optimised inventory and cost accounting, minimising stockouts, excess costs and wastage and stay sustainable.

Cost control and reduction

By accurately tracking purchases, consumption, and wastage of materials in your hotel, restaurant or bar, FX MMS helps in identifying cost-saving opportunities. Achieve better control over your operational expenses, establish cost leadership and gain competitive advantage.

Streamlined procurement

Automating procurement and integrated vendor rate contracts, including purchase requisitions, approvals, and order placements, ensures timely purchase of materials. The software allows businesses to monitor supplier performance, track delivery times, and evaluate quality, fostering better relationships with reliable suppliers.

Demand forecasting

Material management software uses historical data and demand trends to forecast future requirements. This enables businesses to plan their procurement and production processes more effectively. Constant monitoring of consumption patterns also helps your businesses implement waste reduction strategies and stay sustainable.

Improved decision-making

Access to real-time updates and insights empowers businesses to make data-driven decisions regarding procurement, production, and resource allocation. This leads to more strategic and profitable operations that ensure all critical material is available in your stocks to provide an uninterrupted service regardless of the season.