Published on: October 21, 2014
in: Company News
It is safe to say that improving inventory accuracy and traceability is a priority for any manufacturing business. Whether the need is a balancing act between raw material and finished goods or just one of those, managing inventory is no easy task. At the same time, this management is essential to continued success in the warehouse side of operations. Successful warehouse management necessitates proper management of inventory.
If you are currently only recording inventory by manually entering it into Sage 300 ERP or another ERP solution, you may be causing countless accuracy errors. Not only that, but this may be leading to other issues when trying to accurately forecast needed quantities for future production orders. Because ERP software is already a very efficient and exceptional product, there is no need to get rid of it. Instead, you simply will want to enhance its ability to track and process information by integrating it directly with an inventory management system.
An inventory management system offers many benefits. These include:
– Elimination of manual data entry errors
These inaccuracies are ones that you cannot afford to have continue. Instead of dealing with ongoing mistakes, you can leverage the existing ERP accounting system to improve inventory accuracy with inventory management.
– Save valuable time
The system reduces time-consuming data entry and processing procedures while keeping control of inventory in real time.
– Lots of features in one solution
It validates receiving, production, order fulfillment, and updates directly to your ERP solution including lot control traceability records.
– System is fully integrated and has a singular database
The true beauty of the solution is that there is no second database to maintain and no second system to reconcile because they are seamlessly integrated into one. For example, a transaction that is posted to your inventory management system is automatically posted to your accounting system as well in real time.
– Simple implementation
With an ERP solution already in place, adding inventory management software is easy. It is quick to install the software and is up and running in a timely manner. Some solutions even offer the ability to customize features and incorporate a one-scan system so prompts are minimized on the scanners and information timeliness and productivity improve.
Inventory Management System implementation can and should be successful. If you struggle to keep up with proper management, there are many techniques that will help you improve inventory and warehouse management. You can find them by reading more here. Once your warehouse and inventory is in order, you are ready to start using a software solution that integrates seamlessly with ERP accounting solutions so you will continue to know exactly what inventory you have and be able to better predict needed future inventory. Mindover Software offers many solutions to meet your inventory processing needs. Sage Inventory Advisor is just one of those that is specifically designed for inventory management.
If your company is in need of overall warehouse management system (WMS) support, we also offer the products Sage WMS and Accellos WMS here at Mindover Software. Sage WMS is a powerful, feature-rich solution that automates materials-handling processes and scales to accommodate the varied demands of distribution centers. Accellos WMS delivers a powerful, scalable, and flexible real-time system that helps you boost productivity, reduce costs, shorten order fulfillment times, and increase customer satisfaction. It integrates seamlessly with many popular accounting/order-entry packages and shipping systems to provide the warehousing link in a total supply chain solution. For more information on all of these products and the best fit for your inventory management needs, contact us. Stay tuned next time as we dive in further to the benefits of having a fully integrated inventory management solution with a singular database.