Inventory Management Tools

Posted by James on July 21, 2016 at 3:18 PM

Inventory management is, arguably, at the heart of any Enterprise Resource Planning system design. That makes sense, given that inventory records and transactions are the most likely to be digitized. And while some CRM systems bolt on inventory considerations as an afterthought, the best ones offer truly seamless visibility from customer order inquiries though to product volumes in the warehouse. At the most basic level of functionality, ERP inventory management maintains a perpetual inventory record that updates the accounting modules. Fundamentally, the system accepts inventory movement reports (transactions) and maintains a continuous record of the various quantities. Modern ERP systems expand on this essential task by developing features that increase accuracy and efficiency in inventory management. Here are five tools can and should be integrated within any inventory management system to give you the control and visibility to support your larger business operations.

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Topics: ERP, Inventory Management

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