I asked our inventory specialist for a top 10 list of features that an inventory manager would want in an ERP system, and she came up with 12! All of which are features in Microsoft Dynamics GP 10.0.
1. Cycle Count Program
2. Inbound Freight Manager
3. Outbound Freight Manager
4. Replenishment Lead Time
5. Inventory Forecasting
6. Inventory Valuation
7. Availability of Space
8. Quality Management (MRB, RTVs etc)
9. Upcoming Production Requirements (Kitting)
10. Obsolescence
11. Inventory Turns – Slow Movers; Overstock
12. Demand Planning
Now this is someone who has held various positions in technology, wholesale distribution, and manufacturing firms, has been in charge of purchasing, inventory control, materials management, and operations management. So she knows the importance of planning, quality control, maximizing efficiencies, and minimizing costs.
The beauty of Microsoft Dynamics GP is that it is NOT a standalone inventory/materials management system. It’s a world class accounting system with superior inventory/materials management functionality, all of which sits on a SQL database and has the ability to integrate with most any third party application that needs to be part of the mix in a given company’s overall system. As the song goes, “Who could ask for anything more?”
By Altico Advisors, Microsoft Dynamics GP Partner for Manufacturing and Distribution serving New Hampshire (NH)
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