3 Reasons to Integrate Inventory Management and ERP
There are many benefits to integrating inventory management software into an existing ERP solution for any warehouse management system. The benefits include saving time, avoiding data entry errors, simpler implementation, and consolidating data into a single database.
In fact, it’s that last benefit—a single database that can be fully integrated into other systems—that’s so important it’s worth examining more closely.
Contact Mindover Software online or at (512) 990-3994 to learn more about your options to integrate your inventory management and ERP to meet the needs of your manufacturing or distribution business.
It’s very advantageous to fully integrate a database directly with the existing ERP system; like using a single database for something like inventory control, for example. This way, there’s no secondary database to maintain or reconcile.
One good example to illustrate this is looking at sales transactions. In a fully integrated system, any transaction posted to the inventory management system will instantly post to your accounting system in real time. There are no delays, and no manual transfer of data.
Let’s take a closer look at three benefits of fully integrating your ERP system with your warehouse and inventory management solution.
- Eliminate Redundancies
Whenever multiple databases store the same information, there’s always the possibility that you’ll need to reconcile that data.
Problems can arise when there are discrepancies between the inventory numbers in your ERP system versus those in the Warehouse Management System (WMS). When that happens, how do you know which system to trust has the most accurate data? If there are data discrepancies, then you have employees who are making important business decisions using inaccurate data.
This could be very costly but, by fully integrating the systems, you don’t have to worry about this. Instead, transactions are processed in the warehouse, validated by the inventory management system, and then updated directly into the ERP system.
Without two or more sets of data to keep reconciled, you’ll never have to worry about inventory discrepancies. Also, everyone who depends on that data will always have access to the most up-to-date and accurate information.
- Get Only What You Need
In scenarios that have two or more separate databases, you usually have to process all transactions through standalone systems with their own database. In order to accomplish your business needs, you’ll have to purchase large, expensive software packages that usually have far more features and complexity than you actually need.
However, if the WMS system is integrated directly with the ERP data, you can implement or mix-and-match only the necessary modules that you need: for example, shipping inventory and then using the ERP system to receive inventory. This approach may also offer the flexibility to choose between using scanners to ship orders or to do it directly through the ERP system.
By integrating the same data across the board, it allows for that kind of flexibility for interacting with the data from any point in the organization.
- Simple, Easy-To-Use Interface
Another drawback to using separate databases is that employees need to learn entirely new systems to maintain inventory. Instead, by integrating data into one database, you can leverage your investment in your existing ERP expertise while also benefiting from the efficiency provided by inventory management. There’s no need to learn new interfaces, data structures, or reporting.
A fully-integrated warehouse and inventory management system that’s integrated seamlessly with your existing ERP system avoids wasted time learning a completely new system or reconciling different databases. It will help you avoid the costs of purchasing and maintaining two new software systems or paying for modules that your organization doesn’t even need.
Contact Mindover Software online or at (512) 990-3994 to learn more about your options for integration inventory management and your ERP for maximum efficiency.