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Manufacturing companies manage complex material flows. Raw materials arrive from many suppliers, move through production stages, become finished goods, and ship to customers. A quality issue or a regulatory audit raises one question. Where did this material come from, and where did it go? Today that answer takes days of cross-referencing spreadsheets and ERP exports. Midaz records every material movement as an immutable ledger transaction. From receiving to production to shipping, you get a complete and auditable history of your supply chain.

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Benefits

  • Transparency and traceability: An immutable audit trail documents every step. Recall investigations and compliance audits become straightforward.
  • Efficiency: Real-time balance queries show inventory levels and production stages. You avoid manual stock checks and planning delays.

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What changes with Midaz

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Using Midaz

  • Assets: Set up each supply chain item as an Asset. Asset codes use uppercase letters only, such as STEEL or WIDGET. Assets cover everything from raw materials to final products.
  • Portfolios: Create a portfolio for each warehouse. A portfolio groups the accounts that track material and goods flow.
  • Accounts: Within each portfolio, create an account for each item at each supply chain stage. Each account holds one Asset. For example:
    • Raw materials account: Tracks raw materials held in the warehouse.
    • In-production account: Monitors materials in the production process.
    • Finished goods account: Records completed products ready for distribution.
    • Shipment account: Tracks items in transit to customers or other warehouses.
  • Transactions: Use a transaction to update accounts as materials move through each stage. For example:
    • Receiving materials: When materials arrive, a transaction moves the amount from the item’s external account, such as @external/STEEL, to the warehouse’s Raw Materials account. Record the supplier in the transaction metadata.
    • Production: During production, a transaction moves the amount from the Raw Materials account to the In-Production account.
    • Production completion: When production finishes, one transaction per consumed material moves it from its In-Production account to the material’s external account. Another transaction moves the finished products from the product’s external account to the Finished Goods account.
    • Shipping: When goods ship, a transaction moves the amount from the Finished Goods account to the Shipment account.
  • Reports: Query Midaz for current inventory levels, production output, and shipment status. Use the data to plan stock, production schedules, and logistics.
  • Compliance and audits: The immutable Midaz ledger keeps supply chain records secure and audit-ready.