Stock inaccuracies, wrong deliveries, short deliveries or the inability to tell where to find certain products from your warehouse are just a few common stock problems that you may be familiar with. One of the biggest reasons to take on a new ERP is to take control of your stock. Businesses want to stop being dependant on spreadsheets as the default business administration tool, there just isn't any profitable way to manage your warehouse with a pen and paper in today's landscape. Fortunately, there are better ways and WMSSoft can help you overcome your stock problems.
An integrated stock control, as part of your business workflow, provides large benefits to your business almost instantly. Using the right tools will give your business real time information on your stock levels which means there are less wastage and better response for customer inquiries. A good business management solution also handles serial and lot tracking with expiry dates. These simply cannot be handled manually due to the complexity in finding and recording them if you do not have the right ERP.
Using an ERP will allow you to know the true cost of your cost, you need an ERP that offers the flexibility to cost your stock in different ways. Many ERPs provide limited options when it comes to your costing method, however Sage 300 provides customers with the ability to maintain multiple costing methods including weighted average, FIFO, standard and LIFO. This defines how flexible an ERP is to different industries where FIFO could be more useful for manufacturing companies or LIFO more suitable for wholesalers and so on. Sage 300 goes further by allowing you to cost each product differently so that you can have Product A using FIFO and Product B using the weight average costing method.
Landed costs are another important factor for importers who want to track the actual cost of the product including its shipping, custom and handling fees. Sage 300 allows you to include the landed costs to your products and offers the ability to prorate the cost by various methods - by weight, by quantity, by cost and more.
Using an integrated warehouse management system (WMS) along with your ERP reduces human error. WMSSoft implements a proven warehouse solution in order to help you with your supply chain efficiency. This not only prevents mispicks (picking the wrong items), overpicks and underpicks, but improve the time taken to complete your warehouse tasks and ensures that all business processes are followed.
At WMSSoft, our aim is to provide your business with more visibility, our solutions combine stock control and accounting so that your business is implementing the best and most efficient workflow.
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