If you are in the business of making and selling goods, you know the struggle of tracking inventory and have probably lost sleep wondering how you are going to keep track in all. If your company is not set up with ERP software with a modern warehouse management system, your growing business will struggle with inventory tracking nightmares. Are you losing profits because of too much inventory? Have you lost manufacturing time due to waiting for just-in-time parts? An enterprise resource planning system or ERP software can fix your inventory logistics nightmares, starting from the supplier sending you a shipment and ending with the final product leaving your doors. Look into ERP software options today and get some sleep tonight!
In order to manufacture your product, your “ingredients” start in someone else's business. Tracking your incoming ingredients is useful for many reasons. For example, knowing about an incoming container delay gives you time to find an alternative source of materials. Or, if the incoming parts are for a specific project without tight time constraints, you know to direct your employees’ attention to projects that can be completed while you wait for the delayed container.
As a business in the information age, having ERP software set up to track your inventory is the key to profitability. As a manufacturer having the right information at the right time will help your business grow. Tracking your incoming shipments allows you to plan and schedule important aspects of your inventory and manufacturing processes. Combined with good forecasting, tracking your inbound containers should allow you to have optimized inventory and to save time you might otherwise lose waiting for parts.
Customers will also thank you, as having an accurate schedule for incoming inventory gives you a more accurate production schedule. A more accurate production schedule means that you can offer your customers more accurate information about when their orders will be filled and shipped.
A good ERP software system with container tracking can decrease any profit losses you might incur from having inventory management problems. Oates & Company offers discovery sessions to help you find the software that’s best for you – so contact us today and let us show you how a good ERP system with inbound container tracking would benefit you.
Oates & Company helps businesses remain competitive in today’s market through the effective use of technology and processes. Oates & Company is a group of former accountants and technology professionals and we’ve walked in your shoes and conquered similar challenges. If you consider your critical business applications a strategic initiative, Oates & Company is here to help.
When it comes to business software, enterprise resource planning (ERP) systems are becoming increasingly essential for running a top-performing business. Even long-established businesses are retiring their old software and implementing ERP systems despite the cost – the benefits of an ERP system can pay for themselves within 18 months.
Another version of this blog was posted on Oates & Company’s Blog by John Shepperson - Why You Should Be Tracking Your Inbound Containers.