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Inventory Can Move Pretty Fast, Can You Keep Up?

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As we head into the busiest shopping season of the year, retailers are likely to see inventory movement pick up speed. As items fly off store shelves, manufacturers and distributors will feel the pressure to keep up. Inventory can move pretty fast. Is your business able to respond fast enough to keep up with customer demands?

If you are using manual processes and spreadsheets to track inventory, then you may not be able to keep up as fast as your competitors. Walking the aisles of the warehouse and conducting physical counts can be time-consuming and inaccurate. After inventory is tabulated and entered into spreadsheets, it’s already aged, which presents another problem – keeping these figures aligned with customer orders. Without updated inventory counts, it’s almost impossible to ensure you can fulfill customer orders without stock-outs or backorders. To handle busy seasons like the upcoming holidays, you need a more powerful business management solution.

A modern enterprise resource planning (ERP) solution can strengthen inventory management by offering electronic tracking, such as EDI and barcodes, to track items as they enter and leave the warehouse. You can have near real-time insight into reliable inventory counts for each business location, including separate warehouses or distribution centers. With “one version of the truth”, you can fulfill customer orders confidently, manage ‘available to promise’ inventory, and ensure complete orders are reaching customers by the promised arrival times.

Innovative ERP solutions such as Microsoft Dynamics GP also offer user-friendly, RoleTailored dashboards and business intelligence features that make it easier to monitor important data. Your sales team can follow sales figures by product, customer, region, or other qualifiers. Procurement can also monitor inventory trends, such as products that may become popular this holiday season. Distributors that can harness this level of insight can gain a competitive edge by positioning their operations to capitalize on seasonal or other trends.

The faster inventory moves, the faster you need to move and manual processes just won’t work. Replace inefficient systems with more modern solutions. Contact MIBAR.net to learn more about using ERP to gain greater control over inventory and keep up with customer demands during this busy holiday season as well as the rest of the year.

By MIBAR.net, Long Island, New York, Microsoft Dynamics ERP Partner

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