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Balancing Inventory: Use Your Team to Satisfy Customer Demand and Increase Profitability

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It takes a well-coordinated, orchestrated effort to maintain just enough inventory to satisfy customer demand without buying more inventory than is really needed.  Managing appropriate inventory levels is a fluctuating, ever-changing activity that requires close attention from a key group of people.  Get your team together with the proper technology.

Your Team’s Solution

Depending on the nature of your exact business operations, you are likely to have a sales team, procurement team, manufacturing and warehouse crew, and a handful of other people in charge of making sure your customers get the products they ordered on time and within contractual obligations.  The process can go smoothly or it can be one chaotic fire-drill after another. Your success depends on the business management solutions that you have in place for your teams.

All Together Now

If you are working with disparate systems, the process is often a little stressful.  Ideally, your sales teams are busy making sales. With an increase in sales activity, your inventory or warehouse team is occupied with time-consuming physical inventory counts and updating counts in spreadsheets.  Procurement can’t place customer orders without first knowing what’s on-hand, and manufacturing and distribution can’t get moving until they get the green light so customers are left wondering when their products are going to arrive.  Instead of working independently, bring your team’s efforts together with an enterprise resource planning (ERP) solution.

Making Smart Business Decisions

Today’s comprehensive ERP solutions are integrated, which means that all of your important business data can be found in one location.  Financial, supply chain, inventory, manufacturing, project and services management, and other key data can be accessed by each of your teams so they can quickly make smart business decisions.  With an ERP solution, your teams can monitor incoming and outgoing inventory and products and keep an eye on real-time inventory levels.  Procurement can watch for new sales orders, check the levels of available inventory, and then place orders as needed.  Manufacturing and distribution operations can be scheduled to optimize productivity and profitability.  Management can monitor activities to ensure that corporate strategic goals are being met and customers are satisfied.

The right ERP solution allows for greater communication and collaboration across all departments and sets the stage for your teams to satisfy customer demand while increasing profitability. Contact OmniVue – we’ll help you plan the best ERP solution for your business. 

By OmniVue, Georgia Microsoft Dynamics ERP and CRM Partner

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