Attain success with the #1 Inventory Software
In a business, processes of manufacturing, storing and products come in and out, and only through a competent inventory software can you keep track of all these movements. It is very difficult to determine exactly where each and every item is within a intricate business system. An inventory management software allows you and your team to know exactly what is on hand, where it is, if it is in use, and the final output is in your business system.
A constant flow of input and output dictates a business system, and an inventory software system provides an overview of this flow at any given period. The inventory software also prevents inefficiency by showing where to load up and if there is enough materials or products. Incurring additional costs of keeping the number or units to the ideal level and dealing with excesses and deficits, is barred through using a proficient inventory software.
Traditional business books tell us that there are three key aspects of any inventory. Anyinventory system software must also be able to answer key aspects.
First, is Time. A company should always know the timeframe it takes for a supplier to process orders and execute deliveries. It should also be able to know how long it takes for those materials to get out of the inventory. If the company knows these things, it will be easy to determine when it should place an order, and how many units should be ordered. Time is also important in knowing how long it takes for the raw materials to be processed into the finished product. The inventory software should be able to provide this information at all times.
Second is having a buffer. The company should have extra units or materials available in case of emergencies so that production is not disrupted even when suppliers don’t deliver on time. A complete inventory software will help identify how many of which units are needed to maintain a continuous efficient flow.
Last, an inventory software system should be able to maintain and provide a record of the finished output that is ready to be shipped out of company premises.
NetSuite Inventory Software System provides you with a complete integrated inventory control of your supply chain across your entire organization, including manufacturing and purchasing capabilities—providing total, real-time visibility into supply, demand, inventory costs, profitability, turn rates and fulfillment measures and trends.
Advantage of having an Inventory Software
– Automate the Order-to-Delivery Process
– Manage Inventories across Multiple Warehouses
– Access Real Time date and Inventory Reports
For more information click on the inquire button to get in touch with one of our NetSuite consultants and you may also download our Inventory Software PDF.