5 Tools For Inventory Management
Inventory is a big factor in many businesses, particularly in manufacturing. Inventory records are the most likely area of the business to be computerized and every ERP system and CRM system is built around an inventory management function.
Basic inventory management maintains what’s called a perpetual inventory record. Simply stated, the system accepts inventory movement reports (transactions) and maintains a continuous record of the quantity on-hand. Of course, inventory management software does a lot more than that.
In this guide, we outline some of the tools that can and should be integrated with inventory management to give you the control and visibility you need to support efficient operations.
You will learn:
- Bar-code data collection
- Cycle counting
- ABC Analysis
- Integrated planning and execution
- Lot tracking and traceability
Discover how these five tools can improve your inventory management process by downloading the guide today: