ERP - Inventory Accuracy

ERP Solutions Increasing Inventory Accuracy and Customer Satisfaction

For many companies, a key challenge is the need for more accurate inventory control ERP applications to deliver improved customer satisfaction levels. Leading manufacturers in their respective industry want do facilitate, fast, efficient shipment of their products and many of them are finding that their current enterprise inventory management systems are limited in what they can do.

In many companies receipts and invoiced were still entered manually leading to higher data entry mistakes and out of date information effecting inventory count accuracy. In addition, manual inventory tracking systems are not keeping up with demand leading to out of stock items and misleading data for sales orders and inventory management in general. Furthermore, the inventory information was only accessible at the warehouse level and not the bin level leading to sub-optimal picking paths and inaccurate inventory data creating higher operating costs and missed revenue opportunities.

To improve inventory performance levels on these issues, companies are implementing new ERP inventory management systems that provide accurate inventory control to significantly reduce or eliminate out of stock items and improve customer service levels.

Many solutions on the market today are wireless warehouse management systems that ensure complete coverage throughout the warehouses. Wireless inventory solutions help create a real mobile workforce allowing employees to enter or scan information on portable hand help devices on the spot without needing to verify information at the desktop level which leads to up to the minute dashboard visibility of inventory operations.

The areas to improve inventory operational efficiencies are many but the overall impact of inventory ERP solutions increase productivity and reduce costs. The tactical processes that inventory ERP apps focus on are the relabeling and regrouping of bin and materials location and providing the management methodology for the custom coding project. Inventory enterprise vendors will also help provide the schematics, install the RF hardware and bar coding hardware to ensure enhanced accuracy and speed of inventory control management.

With the reduction in cost benefits, increased accuracy, real time information, and higher customer satisfaction levels, the majority of IT investments payoff made in ERP inventory management software solutions will be in less than three years from deployment.