It enables businesses to consolidate and automate critical inventory-related tasks, such as real-time tracking, demand forecasting, supply chain management, procurement, production planning and scheduling, order fulfillment, and warehousing. Best for manufacturers and distributors: MRPeasyĮRP inventory management is the integration of inventory control and management functions within an overarching ERP (Enterprise Resource Planning) system.Top solutions for ERP inventory management.How to implement an ERP inventory management system?.Types of ERP systems for inventory management.When you team up with ACC Software Solution’s premier team of consultants, you’ll receive a team of experts committed to following ERP best practices, from selection to end user training. Automated inventory management capabilities can improve your management processes by allowing end users to track and manage data across multiple warehouses – giving you real-time visibility to current inventory in transit and costs. Improved Inventory Management: An ERP system can save you precious time and money by eliminating the daunting task of manually process inventory management.This will eventually lead to rewarding outcomes such as an upward revenue growth, business expansions, better-paid employees, etc. You will also be able to allocate financial, human, and operational resources better. You will be in a better position to identify and manage cost variances. With this information, you can get a deep understanding of business revenue. Increased Revenue Growth: Since an ERP is integrated with your business, most of your sales and revenue data are readily available and are updated in real-time.With an ERP integrated to your distribution business, you can get rid of such inefficiencies and manage your business better by having complete visibility of all your procedures and operations. Eliminate Data Redundancy and Errors: Data repetition and errors are a common sight when you use different software to deal with such data.Forecasting elasticity and pricing demands is virtually impossible to do manually, so an ERP is critical to staying competitive in the distribution market. Regardless of your company size, an ERP system will streamline a variety of your daily business processes into a single database to give you a greater view and catch any potential issues.įrom an economic standpoint, an ERP solution helps distributors keep track of pricing. This helps provide valuable insight into the customers’ buying habits and behaviors. Additionally, a distribution specific ERP system is constructed with business intelligence and customer relationship management (CRM) capabilities in mind. Features such as fleet management, inventory management, marketing and shipping are all necessary for success. Typically, distributors will need more tools than a manufacturer, as they provide end-to-end solutions. Since the two verticals work in different areas of the supply chain, their technology must conform to different needs. Distributors handle the logistics and marketing requirements that manufacturers don’t want to or aren’t able to handle in house. For example, small manufacturers typically deal with small orders, while small distributors deal with large orders and typically have a greater volume of orders to manage.ĭistributors place bulk orders with a manufacturer and then sell smaller quantities to retail stores or end-user customers. However, when you start to peel back the layers of a true distribution process, you’ll see a difference in order quantity and order volume. The two industries seem undeniably similar, from order to cash processes, to identification of potential customers, and supply chain management, they are very comparable. While ERP software embodies a bold new vision for distribution and how distribution companies operate, it’s hard to determine the fine line between manufacturing and distribution. However, ERP can be utilized by a number of different industries, such as those in healthcare, non-profit groups, construction, and hospitality.Īn ERP system integrates information across various departments (product planning, development, human resources, manufacturing processes, sales, marketing, etc.) into one complete enterprise system which streamlines daily processes, automates common tasks, and allows data to be viewed in real-time. An ERP or Enterprise Resource Planning system is a business management platform which is commonly used by manufacturing and distribution companies to collect, store, manage, and communicate data across all functions of the enterprise.
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