In this week, we talked about the inventory and warehouse management in ERP. During the project discussion we found out that inventory is the \u201cbridge\u201d between different business process. Inventory management is way more important than we used to think; it plays a crucial role in every business process.<\/p>\n
ERP systems help manage inventory up and down the supply chain and enable profitability and provide the competitive edge needed to survive. Having an ERP system to help you with the inventory management will benefit your organization in a few ways:<\/p>\n
ERP inventory modules can help enable the controls that lead to accurate knowledge of inventory for every SKU. When a customer asks for availability,\u00a0the ERP provides in real time\u00a0exactly what is on hand and when the next incoming delivery is expected and nets that quantity against existing customer orders. Delivering on promises leads to satisfied customers.<\/p>\n
2.\u00a0\u00a0\u00a0\u00a0 It helps with Planning Replenishment Orders<\/p>\n
Inventory management allows you to properly plan your replenishment orders. Your inventory quantity must be accurate so when the signal to buy or make more is received. Your ERP inventory management system allows you to categorize parts which helps easily order the right quantity.\u00a0One item is ordered only when there is a specific demand in exactly the quantity to meet the demand.<\/p>\n
3.\u00a0\u00a0\u00a0\u00a0 It quickly reacts to Surplus Inventory<\/p>\n
When surplus is caused by a decrease in some demand, your ERP inventory management system will spotlight the surplus immediately. There are options you have when the surplus is quickly found and reaction is immediate. Should you return the item? Can you contact the customer and ask for another order to use up the surplus? Delay might mean you move the surplus to the trash pile and disposition costs money instead of earning money.<\/p>\n
Reference:<\/p>\n
http:\/\/www.erpfocus.com\/four-benefits-of-erp-inventory-management-2896.html<\/a><\/p>\n 4 Benefits of ERP Inventory Management<\/em><\/p>\n http:\/\/www.erpfocus.com\/erp-inventory-management-4-benefits-for-distributors-2690.html<\/a><\/p>\n ERP Inventory Management: 4 Benefits for Distributors<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" In this week, we talked about the inventory and warehouse management in ERP. During the project discussion we found out that inventory is the \u201cbridge\u201d between different business process. Inventory management is way more important than we used to think; it plays a crucial role in every business process. ERP systems help manage inventory up … Continue reading Benefits of Inventory and Warehouse Management in ERP<\/span><\/a><\/p>\n","protected":false},"author":1649,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"qubely_global_settings":"","qubely_interactions":"","kk_blocks_editor_width":"","_kiokenblocks_attr":"","_kiokenblocks_dimensions":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-342","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"gutentor_comment":1,"qubely_featured_image_url":null,"qubely_author":{"display_name":"syang","author_link":"https:\/\/blogs.scu.edu\/erpsystems\/author\/syang\/"},"qubely_comment":1,"qubely_category":"Uncategorized<\/a>","qubely_excerpt":"In this week, we talked about the inventory and warehouse management in ERP. During the project discussion we found out that inventory is the \u201cbridge\u201d between different business process. Inventory management is way more important than we used to think; it plays a crucial role in every business process. ERP systems help manage inventory up…","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/users\/1649"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/comments?post=342"}],"version-history":[{"count":1,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/342\/revisions"}],"predecessor-version":[{"id":343,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/posts\/342\/revisions\/343"}],"wp:attachment":[{"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/media?parent=342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/categories?post=342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.scu.edu\/erpsystems\/wp-json\/wp\/v2\/tags?post=342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}