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Stoneridge Software

The Importance of an Inventory Management System


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    Thousands of North Dakota State University fans are heading over 1,000 miles south to Frisco, Texas to cheer on the Bison as they try for their fifth straight FCS championship. Piling into cars, vans, and buses, many have already hit the road to Frisco, leaving behind a surprise winter storm that dumped over a foot of snow in some places in the valley.

    Flights to Frisco from Hector International Airport have been canceled or delayed, not because of the snow, but because Delta ran out of de-icing fluid, leaving the planes temporarily grounded until additional fluid could be brought in.

    With Microsoft Dynamics GP’s inventory control features, businesses and facilities can continuously monitor inventory stock levels and costs, eliminating the possibility of running out of essential products. This feature also provides alternate vendor options and serial/lot tracking with codes.

    The PO Generator automates purchasing by generating a suggested purchase order based on the number of items in stock and past order trends. This process automatically ensures you never run out of the materials you need to get the job done. The suggested PO is placed when the correct approvers look over the order, make any necessary changes and confirm the purchase. With tolerance handling, you have the ability to receive items within a threshold percentage of the purchase order for more flexible receiving and better purchase order management.

    Putting Microsoft Dynamics GP into place and relying on its advanced inventory control features ensures that your business or facility will always have the stock that you need to get the job done.

    8 Responses to “The Importance of an Inventory Management System”

    1. This is a informative blog and very helpful for the management system. i’m looking for more update..
      Inventory Management System

    2. Hello Sabrina,

      Well post! You have explained everything in brief and quality information about inventory management system. We have got more information about inventory management. It’s very useful. Thanks for sharing this post.

    3. Ethan Harris says:

      That was helpful. Thanks for sharing.

    4. Hashmicro says:

      Now, I am clear about working of inventory system. This inventory system is very useful to manage your business processes.

      inventory system

    5. Jacklincy says:

      Nowadays Inventory management software is very useful for my business. For this blog,I have got more information about inventory management..Its very useful

    6. Quality information about inventory management system.Gained lot of new ideas and knowledge by this blog. please update this type of information

    7. That article was amazing, I am very much impressed with your thoughts. I got the best information from this site of the blog, It’s very useful to all and us. Thanks for sharing this post.

    8. laxmi says:

      Explained very clearly about importance of inventory management software. Thanks for sharing