Although customer service is one of the key strategies in running a company, inventory management is critical to customer satisfaction. When you have the best inventory management practices in place, you can respond to inquiries from your customers and provide them with accurate information. People choose ERP warehouse management when they want to improve their inventory management.
What Is ERP Warehouse Management?
ERP stands for Enterprise Resource Planning, and it is a type of software that automates business processes throughout the entire business. It connects departments such as accounting, order entry, order processing, purchasing, inventory management, warehouse operations, and more, which improves the flow of information between departments. Everyone has access to the same data, and inventory can be tracked from order and receipt to picking and shipping.
The Benefits of ERP Warehouse Management
There are numerous benefits to ERP Warehouse Management, including the following:
- It Fully Integrates Information
One of the primary benefits of ERP Warehouse Management is that it fully integrates information for inventory. It includes incoming and outgoing data, and the integration is automated. You no longer need to make manual assessments and analyses, and it virtually eliminates issues of overstocking or suffering from a shortage.
- Better View of Your Products
You can assign codes to all of your products, which gives you a detailed view of what you have. Information such as expiry dates and the physical location of products is available, as they are stamped using geolocation. This makes it easy to give accurate information to customers about where products are and more.
- Better Inventory Control
Using ERP Warehouse Management, you can monitor your inventory and authorizations. It allows you to keep your data secure because you can grant or deny permissions, and you can see everything that is happening.
- Purchase Order Automation
You can also automate your purchase orders with both suppliers and customers. This helps you plan for stocking to make sure that you have what you need, and it prevents overstocking. Information flows and is available to everyone, and each department knows exactly what is happening. You can automate restocking needs, and it will drastically improve your inventory management.