Enterprise Resource Management (ERP) is the backbone of any business that deals with supply chain management and distribution. This includes warehousing activities such as receiving and storing inventory, picking, and tracking items for shipping.
Manual processes are slow, tedious, and prone to error. Without distribution ERP solutions, real-time tracking of the movement and storage of inventory is a challenge. An ERP equipped with warehousing management software prevents issues such as misplaced SKUs and delayed order fulfillment.
Here are a few benefits of employing a supply chain management ERP for your business.
Having a clear picture of your current stock levels, slow-moving inventory, and seasonally driven items is essential to remain competitive and profitable. If you are still using Excel sheets, tracking missing products will be a pain and a waste of precious man-hours.
ERP solutions can provide workers with a list of items from an order that needs to be retrieved, along with any instructions that go along with the order. This lets pickers know exactly where to go to avoid grabbing the wrong items; it limits items that were grabbed by mistake that need to be sorted and dealt with later. At the end of the day, fewer errors mean less frustration and a happier and more productive team.
ERP enables you to streamline workflows so you can ship orders as soon as possible. Fast and accurate deliveries with the help of an ERP can create a competitive advantage. It can give you visibility on your inventory levels so you can avoid stockouts. Backorders and delivery delays not only frustrate customers but can damage the reputation of your brand.
To deliver products quickly and efficiently, businesses need to be able to track inventory, get frequent updates, and streamline movement orders to get their shipments to customers on time. ERP solutions automate these processes to reduce downtimes and accommodate more orders. With higher customer expectations and growing competition, now is a good time to invest in an ERP.
Customers expect an efficient and seamless order process where they can find an item they want and purchase it hassle-free. ERP solutions come with integrated point-of-sale (POS) systems and invoicing. They update inventory levels in real-time and alert the warehousing team to prepare and ship out orders; they also warn when stocks are low and it’s time to reorder.
Data errors can be very costly for companies because they can lead to problems such as incorrect inventory projections, inaccurate reorder points, and bad fulfillment schedules.
Reliable ERP solutions, like those provided by NBS, eliminate human errors in data entry by collecting the data automatically and sharing it across all departments. Data-derived business intelligence removes the guesswork in warehouse management–it provides accurate analytics to help warehouse teams predict future inventory requirements.