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As a business owner, you may be considering what are some further improvements you can make to your business operations to improve productivity and process flow. One process which many businesses have in common is inventory management. Depending on your requirements, your inventory workflow can be a straightforward process or more sophisticated with various stages of reporting and tracking.
Most modern-day ERP systems provide these inventory features:
- Item Master management — UOM and unit conversions, serial / batch number tracking, minimum/ maximum quantities and EOQ.
- Picking and Packing — for shipment with delivery documents.
- Inventory Tracking — all inventory movement including stock reservations, issuance, receipts, returns and exchanges.
- Inventory Forecasting and Reorder — Generate sales forecasts by product, region or customer segment, then generate draft purchase requisitions/orders based on forecast, inventory levels and supplier lead times.
- Inventory Reporting — inventory reports and analytics like inventory turnover, sales to inventory ratio.
Click here to find out more about SAP Business One‘s inventory system.
Standard ERP software do not eliminate manual processes completely. To overcome labour shortages, you may wish to consider additional technology solutions.
Inecom Warehouse Management System
If you would like to further streamline and automate your inventory workflow, a WMS solution can make all the difference. Inecom’s WMS integrates seamlessly with SAP Business One’s inventory module, providing real-time updates via hand-held terminals. It also natively supports the standard SAP functions like Approval Workflow, Batch and Serial Number Management, draft documents and others.
Some of the WMS features includes:
- Goods receipt scanning – barcodes and QR codes.
- Printing of product labels.
- Pick-and-Pack process – paperless goods picking and printing of packing list.
- Stock Counting.
- e-Acknowledgement of Delivery Order.
- Mobile WMS application.
If you require further information or would like a consultation with our team, contact us by clicking the link below.
