As a distributor, inventory is your lifeblood. To maximize your profits, you need to have full insight into the flow and balance of inventory across locations. Unfortunately, you probably have to depend on static reports with outdated information. You don’t really know what is in the warehouse at any given time. Common challenges of distributors [...]
continue reading...Posts Tagged ‘Inventory Management’
Barcoding: Simplify Common Inventory Challenges with Microsoft Dynamics GP
Businesses that are in the business of controlling, managing, and distributing inventory through warehouses have quite a challenge when it comes to tracking inventory. Often, they feel there are only a couple of ways to track inventory. They can track inventory manually or they can track inventory using software. There is another alternative to track [...]
continue reading...Top 5 Key Performance Indicators for Distributors
Every industry has specific KPIs, or key performance indicators, that should be constantly monitored to make sure the business is tracking to plan. For distributors, and any company that operates using a distribution business model, we’ve outlined five KPIs that should be on your radar. The most accurate way to track these KPIs is by [...]
continue reading...Company Consolidations with Drill-Down Reporting Capabilities Sheds New Light for Multi-Store Retail Grocer
With tax season fully underway, we all know CPAs can get costly to hire in helping with taxes. Just imagine spending that money every time you needed insight into your business reports and processes. Well one of our clients remembers being solely dependent on their CPA for vital business information and cringes to think of [...]
continue reading...Inventory Management: Move It Or Lose It! Features You Should Look For In Any ERP System To Manage Your Inventory Investment.
When it comes to inventory management, you are either effectively moving your products or you’re losing money. It is that simple! Ask yourself these questions: How are you determining which products to stock and at which location? Are you keeping accurate track of on-hand inventory quantities? Do you have accurate and effective inventory forecasting processes? [...]
continue reading...Historical Inventory Trial Balance – Obtain a TRUE Inventory Balance in Dynamics GP
Attention all Inventory Managers! Microsoft Dynamics GP has made it easier than ever to determine your current inventory balance with the Historical Inventory Trial Balance (HITB) module. Reconcile, create clearing transactions and run validation reports all within the historical inventory trial balance module. Now, the HITB report can be used to reconcile General Ledger (GL) [...]
continue reading...The Top 12 Reasons Why Inventory Managers/Materials Managers Use Microsoft Dynamics GP as their ERP system of choice
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. [...]
continue reading...
