Bad Data Leads To Bad Decisions

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Are you stuck with too much inventory because your physical count was miscounted or sales forecasts were overinflated?  It can be challenging to manage high volumes of inventory as raw materials arrive to the warehouse, are used on the floor, and leftovers restocked.  Even minor errors in data can create bigger problems.  Control your data with stronger business solutions and make the business decisions that drive growth.

Maintaining the ‘right’ levels of inventory is an ever-changing challenge.  Customers’ needs constantly change and each customer has their own set of replenishment rules.  Some customers have weekly replenishment needs while others may be monthly.  In addition, some have products that they need more often than others.  Keeping your sights on a moving target isn’t easy and it comes with big risks.  Inaccurate forecasts can lead to costly stock-outs, unhappy customers, and can impact your profit margins.  Get greater control over complicated inventory needs with an easy-to-use enterprise resource planning (ERP) solution.

Today’s robust ERP solutions can streamline inventory management by introducing automation to the process.  You can track inventory the moment it enters your warehouses, keep real-time counts when it’s being used on the manufacturing floor, and still have an accurate count as it leaves the warehouse.  Knowing what you have on-hand is important when planning replenishment orders.  ERP solutions are also integrated with other core business processes so you can consider potential inventory needs from the sales pipeline, items that may be earmarked for customers, or inventory that is on order for a special production run. 

ERP puts all of your critical business data, in real time, at your fingertips.  You can monitor the metrics important to you from your RoleTailored Microsoft Dynamics ERP interface on your computer, and in many cases, mobile devices.  You and your team can respond faster to customer needs, shorten the product life cycle, optimize the supply chain, and find new ways to improve productivity and profitability.  The faster you can get to accurate data, the quicker you can respond to customer needs and fine-tune business processes.

You can’t rely on disparate or specialty solutions to manage complicated inventory situations.  Get closer to your business data by using an ERP solution that can support your business operations and help you respond faster to changing customer needs.  Contact Socius for more information about using ERP to get the reliable, accurate data you need to make the smart decisions that drive growth.

By Socius, Ohio Microsoft Dynamics GP Partner

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