ERP For Inventory Management

ERP For Inventory Management

Whether you are a trader who wants to keep track of the sold items or a manufacturer who needs to stock and track inventory, one important thing for business growth is a module of ERP for Inventory management.

Inventory management is about managing inventory and stocks stored in the warehouse. It includes all the things related to inventories, i.e. buying, receiving, tracking, warehousing, shipping, turnover, and reordering. ERP for Inventory management automates and streamlines all the inventory activities of your company.

Features of a Modern Inventory Management System

1. Demand forecasting
2. Lot tracking
3. Barcoding and scanning
4. Support for kits
5. Accounting integration
6. Payment gateway functionality
7. Multi-channel order fulfillment
8. Intelligence reports and analytics
9. Sales and purchase order management
10. B2B e-commerce functionality
11. Integrations with accounting, shipping, e-commerce, and so on
12. Real-time visibility
13. Event monitoring
14. Pinpoint accuracy

Benefits of Inventory Management

Cost Effective:

ERP for inventory management can handle multiple tasks simultaneously. Thus, reduces the overall workload and minimizes the expenses.

Precise Data Collection and Reporting:

Whether it is stocks, customers, or orders, updates on everything are available at a single location. It ensures quality data collection. Some systems also allow the creation a sales report to track business performance and plan its future.

Increased Production and Efficiency:

The inventory management system not only saves time but also the centralized system allows the automation of daily tasks. This, in turn, increases production and the output is more accurate.

Keep the Customers Happy and Satisfied

ERP inventory management system helps you fulfill the demands of the customer efficiently. This is done by giving the right product according to the needs of the customer.

Improved Information Transparency

ERP for inventory management lets you know even the slightest of details. You have all the information about the items. It also gives you information when you are overstocked or understocked.

How Oodles ERP Helps You in Growing Your Business

Oodles ERP helps you stay ahead in business with powerful inventory services. We help you to get rid of the old-fashioned ways of managing inventory and adopt new technologies and services for inventory management.

1. We offer custom development mobile app development solutions, which give you instant access to your inventory data.
2. Our experienced team could create an application that helps you track the movement of your inventory from one location to another.
3. We provide a variety of integration services that will upgrade your existing system.
4. With the help of our strong resource optimization, we help define the labor standards for your business so that your everyday operations are performed with accuracy and on time. You get an accurate understanding of how much stock is there in the warehouse.
5. Without any complications, we transfer your business data to the newly built inventory software.

Why Choose Oodles?

Oodles custom ERP solutions ensure that the process of managing inventory and retail stores is more accurate, fast, and easy. We help you streamline your business processes with our top-notch inventory services. Our dedicated team uses the latest technologies to bring the best business solutions to you. We give timely customer support and ensure that all your integrations are done within the stipulated time frame.

Apart from inventory management, we have some other modules to support your business growth:

1. Human Resource Management
2. Purchase Management
3. E-commerce
4. Customer Relationship Management
5. Accounting and Finance Management

Also Read: Manufacturing ERP Software Development