Visible and Invisible Inventory

Manufacturers and distributors have the challenging task of tracking volumes of incoming and outgoing inventory. Procurement teams need to know what inventory is on the shelves, in which warehouse, and in what quantity, as well as what inventory may be en route to the warehouse or the customer. You can’t exactly stroll through the warehouse when you have several locations scattered across the country, so how can you keep real-time inventory counts?

Keeping tabs on real-time inventory for your entire enterprise as it’s coming and going from multiple facilities can be difficult to say the least. Chances are, you are relying less and less on carbon copies and elaborate spreadsheets for your inventory management, but specialty solutions aren’t quite fitting the bill either. If this is the case, it’s a good time to step back and figure out what business solutions are robust enough to provide the control you need to manage your inventory throughout your enterprise.

Complicated manufacturing and distribution operations require a comprehensive, integrated enterprise resource planning (ERP) solution. An integrated solution is a single software solution that can be used by all of your teams – accounting, sales, procurement, manufacturing and distribution, shipping and transportation, as well as management. Each division has a powerful tool to use for entering and managing their data and that data can be easily shared with other departments. Sales representatives can enter new orders, procurement can check facilities to see what is in house or has been recently ordered, manufacturing can schedule assemblies or other operations, and accounting can keep an eye on cash flow. You can also use your data to identify trends in inventory Determine which hot products to keep on hand and let obsolete inventory dwindle. You can also take advantage of supplier volume savings on inventory that you know you will use.

Whether you can walk through the warehouse and see physical inventory or are looking at a customized dashboard on your computer screen, the right ERP solution can provide the insight and control you need for complicated manufacturing and distribution operations. The specialists at Kraft Enterprise Systems, LLC can provide additional information about today’s leading ERP solutions. Contact Kraft Enterprise Systems, LLC to find out how to manage your visible and invisible inventory by using the right solution for your business needs.

By Kraft Enterprise Systems, LLC, a NetSuite Solution Provider out of Tennessee