SAP Business One ERP solution was developed to provide beneficial software to SMBs. It is instrumental in the plans for automation of business workflows like financials, humans resources, etc.
Why inventory management?
Using SAP Business One Inventory management maintains staff, inventory, software, warehouse, etc., and thus reduces the inventory of cost. Inventory levels are decreased, and users have full knowledge and complete confidence in what is available in the warehouse. Thus, the incidences of overbuying and underselling come down. When your organization has the client-requested inventory available, clients’ chances of abandoning their source also come down. This helps to improve the business revenue.
Managing inventory with SAP Business One
Users in the manufacturing and distribution businesses will observe that SAP Business One has a strong inventory management module that improves inventory management activities. This solution makes way for effective inventory management in real-time across multiple warehouses.
It helps the organization to improve on-time delivery, handle cost-effective production, and improve inventory levels in combination with their capacity to monitor and record the total stock movement. This makes it easier for users to manage their detailed warehouse data and also have the option to plan their production order depending on the material requirement planning (MRP).
The inventory management tools in the SAP Business One ERP system helps to reduce the inventory costing and increase client satisfaction. You will observe the accounting and inventory processes’ full transparency with a strong reporting tool that provides improved business insights.
The easy integration of the inventory management module with other modules available inside the solution like purchase and sales helps provide efficient and accurate stock management.
The SAP Business One ERP solution has features like management of stock by leveraging multiple units of measure and price, monitor stock transfers, record issues, and goods receipts perform cycle counts, enabling consignment and drop-ship options, use different costing models like average cost, FIFO, etc. as understood through the business or the warehouse, maintain and create Bills of Materials, handle and maintain prices globally, automatically create warranty records with Serial Number Tracking, perform rapid cycle counts, observe complete traceability with Batch and Lot tracking feature, and handle the packing and picking activity with pick lists that are automatically generated and multiple queues.