The inventory of an organisation is an aspect that’s directly associated with its capability of satisfying customers, and hence, a key factor in determining success. With SAP Business One, businesses can achieve that optimum state of not-too-many and not-too-few inventory items. Maintaining optimal inventory levels is extremely crucial to make sure that the company does not suffer from ‘out-of stock’ woes. At the same time, it is not right to keep too many items that move slowly. So, deploy SAP Business One software can automate your inventory management effectively.

Easy Set-up Of Inventory Module

SAP Business One is one of the most intuitive ERP software in the market. Just follow the menus to set up inventory. Every option is available on the left panel. Go to the Account menu to store the warehouse data. It will open a form that will let you input warehouse code, warehouse name, address and other such data.

On SAP Business One, you can create master data of all the items that you sell. The advantage of SAP B1 is that this Item Master Data is connected with the whole system. This means that when you sell an item, the system will automatically update the accounts module and the inventory level.

Say Goodbye To Stock-outs

With SAP Business One, you can monitor inventory levels on a real-time basis. In the Item Master Data, the ERP software automatically updates the inventory level as and when items are sold or received by the warehouse.

SAP Business One does not just display the inventory level; you can set maximum and minimum threshold levels on the ERP solution so that when an item touches the levels, SAP B1 will notify you via the homepage dashboard.

• You can easily increase or decrease the maximum and minimum inventory units.
• If you have benchmarked your inventory value, you can set the value and monitor whether the inventory value is within the set benchmark. You can see the inventory value right on the homepage of SAP Business One. A high inventory value would mean there are excess inventory items.
• SAP Business One provides users with dynamic dashboards right on the homepage. This means that you don’t need to drill down to look for potential issues with inventory management. These dashboards let you see and edit the core data in the system. So if you just click on an item specific inventory turnover chart, you can access the Master Data of that specific item. From there, you can edit the max-min level on a warehouse-to-warehouse basis.

With Intelligent Forecast, Know Exactly How Many Items You Need To Keep In Your Warehouses

SAP Business One is not just an ERP software but also an advanced Business Intelligence tool. With the forecast menu, SAP B1 lets you gauge exactly how many units of a particular product you need in the current year. Its intelligent engine analyses the historical sales history and comes up with a reliable forecast..

SAP Business One Is Also Useful For Businesses That Purchase Items Only When A Sale Is Confirmed

With SAP Business One, you can create a Purchase Order based on the Sales Order. This means that suppose when a customer orders 100 printers from you, you can purchase those printers from your vendor only when that order is confirmed. This is an extremely convenient way of delivering items. As this ERP is known for its flexibility, you can order more items from your vendor than what the customer ordered from you. This will ensure that your warehouse is still stocked up.

On a side note, after a sales order is registered, you can open the Relationship Map to see the flow of transactions – from sales quotation to sales order to delivery and A/R invoice.

SAP Business One Inventory Module Helps The Manufacturers Equally

SAP B1 is not just an ERP for retailers and distributors; it is made with manufacturers in mind as well. With Materials Resource Planning, you can plan and manage how much raw materials should be there in the inventory.

On the other hand, the system can handle inventory management as far as finished goods are concerned. When a production process is completed, with the help of the MRP module, the software automatically updates how much raw material is left. Similarly, after the finished goods are delivered, the inventory level is updated.

Manually managing the inventory can prove to be cumbersome. There will be too many back and forths. Along with that, manually updating those lengthy spreadsheets will invariably introduce data entry errors. SAP Business One automates inventory management spectacularly. You remain in control, but it is the ERP software that does all the heavy lifting. As already said, proper inventory management is directly associated with an organisation’s success. SAP Business Inventory Module materialises that success.

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