The inventory distribution process is the backbone of
each industry. In the modern business world, “stock supply" is one of the
main problems that most companies face. The key elements of this stock
distribution procedure, such as inventory tracking, orders, sales, deliveries
and customer support, etc., continue to be accomplished through manual and
paper updates. 'Excel and Documents.
Better management of this inventory supply procedure
helps build customer loyalty and attract customers. It is thus important to
have a uniform and targeted view of the entire inventory in a glance so it is
possible to make strategic decisions on the go. To do so, many companies
utilize modern and targeted enterprise
resource planning solutions, commonly called ERP.
An ERP for InventoryDistribution process assists the company to make the most of the
distribution of stocks. ERP for Distribution and Trading using its assimilation
offers companies a single information window to get all areas of the stock
distribution process, which allows a convenient access point as well as reports
and visual displays.
Sunbridge
Software Services Inc's ERP solutions support
end-to-end inventory management with characteristics that support customer,
billing and tracking support.
Main
features of inventory distribution management:
Inventory
Management:
successful inventory Management means creating purchasing plan that confirms
that items are available when they are needed. In addition, product surpluses
and failures are kept in mind.
Customer
order management: reduce purchase time and Reduce costs
by enhancing how offers are sent by you, accept, place and meet orders. It
defines the principles for managing complexities such as multiple warehouses,
returns, credit limits, direct deliveries, etc.
Order
management: Reduce acquisition costs and ensure a supply of
equipment by automating and optimizing the ERP process for managing inventory
supply.
Batch
and serial number - ERP tracks things via serial number
and the batch number of the barcode, which can be utilized to register
articles. Additionally, it helps prevent overages and bottlenecks and maintain
inventory.
Guarantee
follow-up: several products are offered with a guarantee.
These guarantees must be followed as well as the specifics to which they are
given. With ERP, records of warranties for each product can be kept to input
business specific warranty criteria. This operation is carried out for the
articles to which the serial number or the batch number is assigned.
Several
valuation approaches: ERP supervises the inventory according
to moving average, standard costs, LIFO, FIFO and methods particular to the
article. Choose a valuation method that is different. Make immediate cost and
inventory adjustments using generated and customizable reports.
Storage
location: Create logical and a physical Storage arrangement
using location controls and storage bins. For each storage location, specify
the kinds of the content of articles and authorized transactions, the picking
priority along with the costs.
Inventory
transfers: monitor goods in transit when you transfer stock
between sites. Information is saved in a merchandise receipt accounts in the
stock management module
Reorganization
-
a feature that lets you maintain reorganization and minimal levels for an item.
This is useful for delegating and signalling and for receiving duplicate orders
from customers delivery dates based on availability of stocks.
Complete
and accurate information history - Manages Data so that
all information is visible in real time.
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