In ERP software, the warehouse system is managed in a multi-level format. Starting from factories, businesses to each warehouse in the system and more details are management to areas, locations in the warehouse if the business needs management. The benefits that ERP software offers are superior to those of conventional management. Enterprises and manufacturers who want to manage inventory as well as increasing inventory turnover effectively cannot ignore ERP software. In this article, let me point out the benefits of using ERP software to manage inventory.
MANAGE WAREHOUSE SYSTEMS FLEXIBLY
In ERP software, the warehouse system is managed in a multi-level format. Starting from factories, businesses to each warehouse in the system and more details are management to areas, locations in the warehouse if the business needs management.
ERP software allows declaring codes of materials and goods flexibly because the code structure includes many segments and data types of each segment.
MANAGE AND GROUP GOODS INTO MULTIPLE DIMENSIONS
Because businesses often want to transmit all the information to be managed, information serving statistics into the code, this will cause some difficulties for building codes of goods and supplies. However, when using ERP software, a part of that information will be transferred to management in the concept of grouping.
STORE A LOT OF CARGO INFORMATION DATA
In ERP software, the stored goods are accompanied by management information including weight, size, volume, time of purchase, delivery, whether or not to test, real-time export and expiry date, batch number … On the other hand, there are some areas that will allow users to expand the customization to declare more information to manage according to the characteristics of the business.
HAVE THE ABILITY TO CONTROL INVENTORY
Depending on the type of goods, the enterprise will determine the corresponding level of control. The more valuable items are, the more detailed and strict management is needed. ERP software provides many methods to control goods and supplies including version management, batch management, serial number management, warehouse location management.
IMPROVE WAREHOUSE TRADING CAPABILITIES
All transactions in the standard repository will be pre-defined in the ERP software and all arising transactions will be immediately recorded into the system. It’s not time-consuming to record, it’s inherited and controlled by almost every export-import transaction based on a specific source.
HAVE THE ABILITY TO SYNCHRONIZE DATA WITH THE ACCOUNTING DEPARTMENT
Like other modules in ERP software, warehouse management will also integrate closely with the accounting department. All transactions must be accounted for by accounting accounts attached. Therefore, in the import-export operations, the employee only needs to select the right transaction to record, the system will automatically generate the corresponding amount.