Inventory Planning is essential for small and midsize Distributors and Manufacturers. Everything revolves around inventory and every item in your warehouse represents a piece of data. The more you know about it, the better - how often it sells, how long it takes to replenish, and how much you need (and when). Even smaller businesses are now dealing with a global supply chain that requires a high level of inventory planning. If not done correctly, it can have a major impact on your warehouse and other parts of your business, while leaving customers frustrated. So, what steps can you take to recognize what you could be doing better?
As a food distributor you know that technology matters. And the right technology becomes essential to everyday life in your organization. Because the right technology impacts buying, forecasting, inventory management/warehouse management, pricing management, and certainly retail delivery; selecting and implementing the right ERP in food distribution becomes both a science and an art.
Anybody who has attempted to piece together data from multiple systems and make sense of the data, understands the frustration of a disconnected business. Often, too, accessing the information and trying to create insightful reports ends up being burdensome and untimely. The mountains of data being captured by small and midsize businesses increases exponentially each day, month and year. The more information an ERP system collects, the more options users need to access, report on and view that data.