As an Australian SME accurate and streamlined inventory management is pivotal to your ability to deliver on promises, as well as to maintain customer satisfaction and inventory cost control.
Without the right inventory management tools, you are likely to carry too much of some stock items and too little of others. The right inventory management solution can help you better manage stock, free up cash flow and improve customer satisfaction.
SAP Business One Inventory Management
The Inventory management components of SAP Business One Enterprise Resource Planning (ERP) software helps SME’s manage stock at one or multiple locations, track and record stock movements, and manage your material requirements planning. One of the primary differentiates between SAP Business One inventory and entry level accounting systems is the technical and functional superiority of SAP Business One with respect to multi-stock location management, expansive stock properties and characteristics, multiple units of measure and conversions, item pictures, lot and serial number tracking, pick and pack management and options for extended radio frequency warehousing.
Integrate inventory and accounting transactions
SAP Business One supports goods receipts and goods issues in and from any warehouse; supports drop shipments and document mapping for simple three way tracking and confirmation of item costs. SAP Business One supports FIFO, standard and average costing models and as an all in one suite, tightly integrates stock with purchasing, sales orders and sales analysis. SAP Business One manages one or multiple price lists, special pricing, and volume and customer group based prices. Deep general ledger integration further enables excellent financial analysis of items by a variety of characteristics.
SAP Business One Inventory Management Benefits
SAP Business One Inventory Management allows your business to operate more efficiently by automating processes and by using integrated production functionality and Material Requirements Planning (MRP) to optimize stock. SAP Business One acts as a decision making tool for all stock matters from purchasing, to promotions and pricing and to other product life cycle decisions.
SAP Business One also allows you to improve customer service with on-time delivery and fewer shortages and stock-outs. SAP’s available to promise capability (ATP) helps sales and customer service staff quote delivery dates with confidence in turn improving customer service levels. SAP Business One will also allow you to reduce inventory costs with improved inventory control and materials planning, as well as improving business insight with powerful warehouse and inventory reporting tools.
Using Barcodes with SAP Business One
The RIC Group’s WMS system for businesses using SAP Business One supports both multiple bins and GS-1 barcode standards. It also prints all SSCC labels according to GS-1 Australia requirements including GS1-13 Barcodes for products and ITF-14 Barcodes for carton labels. It enables customers to use mobile RF technologies in the warehouse for picking and packing, goods receiving, stocktaking, stock transfers, proof of delivery and run management. The software runs on a Windows Mobile 6.5 device.
The system supports multiple PDA's simultaneously and a warehouse bin location strategy. A warning sounds on the PDA when a picker try’s to over-pick or if the sales order isn't fully supplied. It works wirelessly and the Sales Order is updated in SAP Business One and a Delivery Document is created once the user has completed picking the order.
The product supports EDI and serial and batch numbers. It also supports random weight barcodes, TUN (carton) barcodes and pallet barcodes. It also supports freight integration with Toll Group, Star Track, eParcel (Australia Post), and IFS.