As a business owner irrespective of the scale you would realize that the right balance needs to be maintained between the sales and inventory management. If your customers want to buy and do not get the same when they require it, it means that you are losing in a business opportunity. But at the same time if you are holding too much inventory at the same time it means that your cash is getting tied up.
Thus for maximizing the profits with minimum risks finding the right balance is the key to business success. In order to achieve this key goal of yours, you need the right Enterprise Resource Planning (ERP) Solution for having better visibility over your business and at the same time better coordination and communication among the sales and inventory management teams.
In case you are looking for an ideal solution for Sales and inventory then you need to note that SAP Business One has become the most popular ERP Solution for businesses worldwide to achieve this important goal. Let us see how this is done.
Business One helps to anticipate and influence Customer demand
The customer demand is something which is very dynamic. It is what changes frequently. However, analyzing the same and taking the appropriate steps to meet the latest demand is what is most essential. Here is where SAP Business one plays a critical role.
The coordination between the various departments and teams is what is most essential to help the cause. This is what SAP Business one does. It is a comprehensive ERP Solution which puts the finance, procurement, sales, production, sales, and customer service all on the same page. Thus no vital information is hidden from any department and thus helps to strike the perfect balance between inventory and sales.
Unified Approach for better alignment amongst sales and inventory levels
When all the various departments function on a single centralized system ensures better coordination. Thus all the departments get Real-Time data on the actual Stock levels besides there are the appropriate recommendations in regard to the optimum levels of inventory and restocking levels.
The SAP Business one provides some very useful Material Requirements Planning (MRP) which are very effective for you to arrive at the right business decisions in regard to inventory maintenance. With the right inputs in terms of Sales Forecasts, Sales Orders that are to be supplied, Stock Orders yet to be dispatched and other parameters you can arrive at the right decision.
You can be highly responsive to both the current as well as new customers
In the current scenario of cutthroat competition, it is necessary for businesses to be always up to date in regard to customer needs. To do the same you need highly predictive inventory and Production management. With the various highly beneficial features on the Business One from SAP, you have various business reports like Available to Promise Reports, the Alternative Items in case there is non-availability of product inventories and so on.
All these put together can help you to maintain the optimum amounts of inventory for a long run profitable and sustainable business.