Tayana Solutions

inventory management

How your inventory management can benefit from ERP? 

Is out of stock or overstocking becoming a menace in your business? 

Are you looking for a solution that ensures your inventory is properly stocked without any wastage? 

Then it’s time you invest in a cloud ERP that is integrated with an inventory management system.  

In today’s blog, we are going to discuss how an ERP can help with inventory management and what are some tips that can come in handy in managing your inventory effectively.  

  • Real-time data collection 

With a cloud-based ERP like Acumatica in place, you will get real-time data on the inventory. Thus, this will help you make a well-informed decision in terms of how to take the business forward. Since Acumatica seamlessly integrates with the inventory management system across the organization, you will be able to keep a tab on the inventory in real-time.  

  • Inventory tracking 

It is important as a business operator for you to know whether or not you have products in proper stock in the inventory. With Acumatica, your ERP system will be well-integrated with all the departments of the organization. Thus, you will be able to easily track the inventory throughout the organization.  

  • Automation 

There are several tasks in the organization that is repetitive, which with manual work often become erroneous. Regularly updating worksheets can be challenging. Furthermore, it can result in significant wastage of time, money, and other vital resources. With Acumatica cloud-based ERP, you get real-time inventory updates. Moreover. by automating all the repetitive tasks you can now save time and improves efficiency.  

  • Forecasting and managing inventory 

An ERP that is seamlessly integrated with the inventory management system across the organization will keep track of the number of sales, purchases, and logistics. This will ensure that your inventory level is maintained. Thus, knowing stock level in real-time can help you replenish the inventory as and when needed. Furthermore, ERP will automatically reorder the supplies for you or send you a reminder that the inventory needs restocking.  

  • Better resource allocation 

Acumatica’s ERP integrated with an inventory management system will promote a culture of simplified business operation throughout the organization. Thus, with automation taking care of all the repetitive tasks and the possibility of error reduction, you will be saving significant time and money. Furthermore, you can use the free resources to achieve core objectives of the business.  

Now that you know how an ERP can complement your inventory management system, lets discuss few tips for effective inventory management: 

  • Set up par inventory level 
  • Audit inventory periodically, thus ensuring quality
  • Analyze the supplier’s performance 
  • Keep a track of your sales, thus helping in taking a strategic business decision
  • Perform a demand forecasting, thus strengthening estimation and giving better cost control
  • Implement first in first out technique 
  • Check for weak spots and resolve them 
  • Ensure proper communication between the supply chain vendor and the firm 

Tayana’s Acu Process Manufacturing will ensure that you are always ready with an automated list of substitutes in your inventory, in case you are out of stock. Our Cloud-based ERP implementation will ensure that there is no wastage and your inventory is efficiently managed.  

Reach out to Tayana’s ERP experts, today!