ERP is one of the most innovative ways to manage and organize your inventory. In today’s buying environment, understanding the customer’s needs and managing the inventory accordingly can be a challenge.
If you’re not aware of your inventory levels, it can negatively impact your supply chain. Your company should have complete transparency and visibility of the stock being handled. You should document how much inventory is in stock and what needs to be ordered.
The entire process seems cumbersome if done manually. However, with the help of ERP inventory management, you can streamline your decisions and processes. Here are some fantastic benefits of ERP management to help save business costs, time, and reputation.
1. All the Critical Data Is Centralized
Inventory management is all about managing and sharing the right data. Before you make a stock-related decision, you have to build up a forecast. You have to link historical data and past performance to predict future inventory. However, for most companies, both these data are often stored in separate systems.
ERP bridges the gap by allowing you to centralize your entire data on one single platform. Centralizing your data is crucial for success as it eliminates time and cost related hassles. ERP helps you integrate and centralize the entire system in real-time to assist your team with up-to-date information.
An updated inventory that is bolstered by readily available data will help you make the best decisions for your business.
2. Managing Multi-location Warehouse
If your business handles large-scale orders on a daily basis, then multi-location warehouses are a suitable option. They allow faster shipping to your customers at affordable costs. You can even capitalize on a region-specific niche with warehouses in different cities and districts.
ERP software can help you handle your warehouses from a user-friendly, centralized platform. Everyone on the team will have access to the different stocks in each warehouse. In case you face any discrepancies, you can easily resolve and collaborate with the right people over ERP software Alpide ERP.
You can also overcome physical challenges that do arise with having warehouses in remote locations and reach your customers in different time zones far more easily.
3. Greater Transparency
Knowing exactly how much stock is available and how much more needs to be ordered requires you to be fully aware of your inventory. Most companies don’t have this kind of transparency, which can potentially result in inventory theft.
ERP gives you a competitive edge in this regard. Greater transparency can help you with your customers. For example, if you inform your customer that there will be delays in their order, they will adjust their expectations accordingly and have greater confidence in your services.
It will also inform your customers when certain items will be re-stocked. Transparency is crucial to build a trust-worthy relationship with your employees and your customers.
ERP software can take your customer relations to the next level. If you really want your customers and employees to place their trust in you, it’s time to invest in ERP inventory management.
Alpide ERP is fully committed to offering our clients the most innovative ERP tools for efficient inventory management that will exceed your expectations.
Get in touch with us now! Contact sales@alpide.com
