Posted by John Shepperson | Jan 27, 2015 2:11:00 PM
Inventory is a major asset in a business, as it ties up considerable cash that could be used for other purposes.
For this reason, good inventory management is a must. What is good inventory management? Essentially, it is a balance between over-stocking and under-stocking – that is, stocking sufficient materials to fill customer orders without having too much or too little inventory.
Topics: training, software, inventory management, inventory, inventory control, john shepperson, oates co, cycle counting, variances, blind counting, procedures, adjustments
We love our enterprise resource planning (ERP) systems, and we espouse that love frequently, so it might be surprising that we admit they aren’t perfect. While searching for an ERP system to buy, you may find that some of the things you want to do – like tracking warehouse inventory and specific lots via barcoding – isn’t automatically done by the ERP. Sometimes a third-party system is necessary to collect data and bring it back into the ERP platform.
Topics: ERP, Sage, sage erp x3, enterprise resource planning, inventory, integration, john shepperson, modules, oates co, data collection, cycle counting, barcoding
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