The Genius of ERP-powered Inventory Management

• Julius Rassou
• 13-Nov-2017 11:28:54

The Genius of ERP-powered Inventory Management

It is high-time for any industry beginning to smell the sweet smell of success, but has got a manually operated Inventory system, to automate and digitally streamline its Inventory Management system by implementing a strong ERP solution.

Roadmap full-suite ERP’s Inventory Control module helps businesses to continuously monitor the flow of items in and out of Inventory and keep stock costs under control. This significantly reduces carrying cost, which is the cost of holding goods in stock and is also the major contributor to the total expenditure on Inventory to the tune of even 40%.

Though the solution ensures the stocking of just the required measure of material, it still keeps the supply chain well fed by eliminating the possibility of running out of essential products. The software’s faculty to deliver 'selective replenishing advises' to implement 'weighed purchasing policy' based on the results of ABC and FSN analysis actuates cost-efficient maintenance of Inventory. KANBAN Inventory system ensures the cost-efficient manufacturing of products through the clever management of resources.

The feature tracks individual products by Lot and Serial numbers and reveals the details of products that are nearing their date of expiry. This enables the prioritization of such products for usage in the production process, thus reducing production costs to a great extent by removing the possibility of losing money over expiry of products while still in the Inventory.

The robust full-suite Roadmap ERP’s Inventory Control system eradicates the time-consuming & error-prone manual data entry and projects an accurate account of Inventory numbers. Further, by tracking QR codes through mobile devices, the solution provides real-time inventory data at any instant to business stakeholders and empowers them to make quick & informed decisions to meet swift market conditions and all customer demands.