Seamless integration is key when it comes to managing your inventory. It allows you to plan effectively, minimize labor costs, and lessen errors that come with with manual transfers.
Every company requires a unique plan that can cover their business needs. Most out of the box systems are not customizable. Inventory solutions are not one size fits all. Instead, you can integrate an inventory management solution with your back-office and accounting systems. This will ensure that your inventory is properly managed and your asset value on financial reports matches what is physically in stock.
Keep in mind your solution must be:
- Real-time
- Flexible
- Transparent to users
- Compatible
- Scalable
It is important to assess your needs today and your plans for future growth.
Here are 3 additional benefits to choosing integration:
- Optimizing inventory to meet product availability and ROI goals
Having the right amount of inventory on hand is vital to both customer and investor satisfaction. Customers want new product on demand, and would prefer no working capital tied up in inventory. In addition, having excess inventory results in carrying costs. - Providing inventory visibility to supply chain partners
Many companies use partners to manage inventory levels and shipments. This means the system must integrate not only with the company’s back-office systems, but also with supplier and third-party logistics systems. - Stating inventory accurately in financial reports
Ensuring your annual reports and tax returns are accurate is critical for your investors. Inventory value recorded in your books must match the physical value in your warehouse.
The easiest way to achieve the criteria above is to find an ERP system with an inventory system that best fits your needs. When business managers think of integration, they often envision long hours and high costs by their IT department to make systems work together. At Clear Spider, we have removed the mystery and complexity of integration by making it easy to understand, build, and keep current.
Click here for more information on Clear Spider’s seamless integration.
