Inventory management isn’t something many professionals look forward to doing; it has a reputation for being tedious work that has no room for error. This is why it is always helpful to consider best practices. Having key points to go by will surely help make inventory management a key element to business success.
When a company’s accounting and resource management processes are running on several systems, a business may suffer from poor visibility, inconsistent procedures, and slow, ill-informed decision-making. Today, both large and small businesses need a unified solution that can make their operations run smoothly and effectively.
Manufacturing is an industry with hundreds of nuanced procedures, from inventory and production to distribution and warehouse management. Thus, manufacturing companies have to deal with complex supply chains and workflows on a daily basis. Fortunately, managing technical and logistical processes can be performed seamlessly with enterprise resource planning (ERP) software.