Having the right mix and the right amount of inventory on hand is paramount to meeting client demands while carrying extra inventory can be costly. Activities such as storing, counting and reworking inventory tie up additional working capital, and potentially reduce the availability of products your clients want. Planning the right level and amount of inventory requires your sales order, purchase order and planning systems to have real-time visibility of your inventory. Being real-time provides the best visibility of inventory on hand and ensures that financial reports are up to date and accurate.
Having centralised ordering provides real-time control of all purchase activity while providing management with meaningful, comprehensive information which not only improves efficiency but also streamlines Inventory Management.