02 Mar ERP: The key to optimizing your warehouse inventory
Running your warehouse inventory is far from a simple task.
While some people think it’s just the simple task of arranging your inventory making everything easy to locate, they could not be more wrong.
It’s also about maximizing productivity while saving time and money to increase inventory accuracy.
In order to increase on-time deliveries, having accurate inventory management and cost-effective production is mandatory for your organization.
The warehouse is at the heart of your business, meaning it’s crucial to running it in the most efficient way possible.
The answer is ERP software
For a company to improve on-time deliveries and minimize shortages, the answer is an ERP system.
ERP software will help to manage inventory accurately across multiple warehouses.
ERP, better known as Enterprise Resource Planning, is a business process management software. To keep it simple, ERP combines all the functions inside a business to enable it all to work as a unit.
Just think of ERP as the glue that binds the different computer systems in an organisation together.
What SAP Business One offers
Simply, SAP Business One (also known as SAP B1) is an ERP designed for small and medium-sized businesses and it’s used by over 60,000 customers worldwide.
SAP Business One is a scalable ERP Software that provides complete visibility and control over all the main components inside your business.
SAP B1 adds value which you can see and measure, making your staff more productive, your processes streamlined, and decisions more strategic.
This software offers a range of functions to support warehouse inventory management ensuring it’s run in the most efficient way possible.
To the right is a list of some of the features:
- Offers support for multiple units of measure and pricing, good receipts, and tracking of stock transfers
- Provides enablement of consignment and drop-shipping orders
- Gives user-friendly, real-time reporting
- Offers efficient management of bills of materials and material requirements planning
- Provides inventory management based on diverse costing modules
Providing you with real-time access to accurate information on inventory and production orders, SAP Business One is the perfect ERP system to manage your inventory and production requirements.
SAP Business One can be deployed in the cloud or on-premise, allowing you analyze detailed warehouse data, track and record stock movements, and accurately complete production orders.
This system provides complete visibility across the key functions within your business. This enables staff to easily reduce shortages without the need to carry leftover inventory, reducing inventory costs while improving on-time deliveries.
SAP Business One provides reports containing real-time information, helping your company to improve its customer service.
Overall, this ERP software provides various functions designed to optimize your inventory in your company’s warehouse.
Below the benefits have been briefly outlined to help you understand exactly what SAP business One can do for you:
- Provides greater efficiency through automated processes
- Helps to improve customer service due to on-time delivery and fewer shortages
- Gives your business inventory costs
- Offers keener business insight