The Right Inventory at the Right Time, with ERP

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Managing inventory can be challenging, especially as your business grows. Using disparate or manual processes to manage inventory makes it difficult to determine what inventory to purchase and which items you might want to avoid replenishing. Gain control and insight over inventory processes with a more robust business management solution.

Each of your departments may utilize their own specialty software - the warehouse may have an inventory management solution, sales and customer service may have order fulfillment software, and accounting uses their own financial management software. Although each of these departments can access their own data quickly, it can be time-consuming to combine key data for analysis in order to identify trends with customer needs, product popularity, or seasonal fluctuations. Without greater insight into customer buying behaviors or marketplace trends, you could end up with a warehouse full of inventory you can’t sell or empty shelves which leads to very unhappy customers.

Have the right inventory at the right time by replacing disparate, specialty software with an integrated enterprise resource planning (ERP) solution. Download the free eBook 15 convincing reasons to replace your accounting system with ERPto learn how you can streamline inventory management and improve customer service by upgrading your technology. You can use a single, integrated ERP solution to manage all of your business operations, including financials, inventory and supply chain, manufacturing and distribution operations, and other core processes. In addition, ERP offers business intelligence and detailed reporting features that you can use to identify trends within your data. You can determine which products customers are interested in and which items may be soon become obsolete, and stock your warehouse accordingly. You can also use this information to offer customers items similar or complementary to what they already purchase, which can provide new opportunities for cross-sales and up-sales.

A single business management solution provides greater control over inventory from end to end. In addition, with added insight, you can create inventory strategies that can support leaner inventory levels in the warehouse to save money. Download the eBook 15 convincing reasons to replace your accounting system with ERP then contact ICON for more information about maintaining the right inventory, at the right time, and in the right quantities with ERP.

By ICON, Dominican Republic Dynamics GP partner

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