Enterprise resource planning has
been found to be essential to maintain your competitive edge in the market
today. Enterprise management deals with information and data from all company
activities that can help the company work effectively. A critical aspect of
this is smart inventory management. A smart system to track inventory level
orders, sales and deliveries, enables your company to function more smoothly
and operate at healthy margins.
of Inventory Management Software
It is critical to have optimum
levels of inventory so that your bottom lines remain strong without costly
overheads associated with over-budgeting, excess orders, or unnecessary
wastage. Tracking your inventory through specialized ERP software would be the
best solution for effective functioning of your overall sales and distribution
cycle. Some other benefits of Inventory Management Software include the below -
can minimize expenses by getting rid of all unnecessary parts and products in
distributors, and wholesalers can optimize their warehouses.
enterprise learning management systems also make it easier to collect data,
conduct calculations and create records.
retailers can extract max out of ERP?
- Brick or click
stores need to know the level of goods available for them for timely
replenishment. They also need to protect the business from losses by
stocking too much and hence leading to perishing of the goods. The problem is compounded in case of a
multi store retail venture. Integrating PoS, CRM for sales, with ERP
for small business can bring about the much needed clear visibility of
actual sales and remaining stock in near real time.
- By adding cloud ERP software to their scheme
of operations, the main office or home office can figure out the actual
sales without having to engage with individual stores and then reconcile
and then figure out the inventory. An automated ERP system helps in
eliminating unwanted steps and enhances the accuracy of the data,
otherwise prone to errors under a manual system.
- Granular level
inventory tracking is made possible with help of a robust CRM for cloud based ERP system.
You can categorize your inventory into meaningful smaller parts and track
turnover by segments and not just organization level. If suppose your FMCG
goods should turn over faster than say, books or videos, then ERP
dashboards will show if this is actually happening or is there a deviation
that needs appropriate course correction.
- With improved
inventory management using ERP software, you can bring about dual benefits
of a delighted customer and better business margins. With better inventory
management you can build a satisfying customer experience, which in turn
assists in strengthening your bottom lines by a great deal.
Intellika specializes in building
comprehensive Cloud ERP software that
assists companies to manage their work in a flexible and effective manner. ERP on Cloud makes use of Cloud
computing services that will help make your business more versatile and
efficient with any time anywhere access to ERP data for quick decision making. If
you are looking to enhance your business, opting for a customized ERP solution is definitely a positive step in this direction.