The manufacturing and distribution industries are fast-paced and highly competitive, which introduces many challenges – one of which is inventory management. In order to stand out ahead of the others, you need to be able to provide customers with quality products, in the right quantities, at the right time. Gain greater insight and control over inventory by deploying strong technology.
There are many methods and software solutions that can assist with managing inventory counts, however, you need to know more than just what’s in the warehouse. Manufacturers and distributors need to be able to identify trends with what customers are ordering so that the warehouse is stocked appropriately. Modern business management technology, including enterprise resource planning (ERP) solutions, can provide the insight you need to satisfy customers and your bottom line.
Robust ERP solutions, such as Microsoft Dynamics® GP, offer powerful inventory management in addition to other tools. You can manage all of your core business data from within this single, integrated solution including financials, supply chain and inventory, manufacturing and distribution operations, and human resources and payroll processes. It’s easier to enter, access, and use your data when it’s located within a centralized solution. In addition, your data can work together to provide a bigger view of your operations, productivity, and profitability. Not only can you have reliable inventory counts, you can identify trends with customer purchases. You may identify products that are increasing or decreasing in popularity and adjust safety buffer levels as well as procurement strategies accordingly.
In addition to improving inventory control, you can use Microsoft Dynamics GP to improve customer satisfaction. Your sales team can check on inventory availability while negotiating with a customer, for example, without putting the customer on hold. In addition, while discussing replenishment orders, your team can boost up-sales and cross-sales by offering items that may be complementary to what your customers already purchase.
Inventory insight and control is good for your customers and your business. Contact InterDyn BMI to learn how ERP can provide the insight you need to deliver the products your customers want, on time, and profitably.