5 Benefits of Acumatica Cloud ERP For Business Inventory Management

Managing inventory on business sometimes likes to stress the mind. Especially when we only have one warehouse but we have many goods to be stored. The only solution to overcome these problem is to add a warehouse. But along with the business development and increasing of this warehouse, it will become one thing that will be difficult to control.

Business inventory

If it’s like this then it’s time for you to think and consider the use of cloud-based ERP software to streamline or simplify your inventory management. One of the cloud-based ERP software you can use is Acumatica Cloud ERP.

Here are things that you can get with Acumatica Cloud ERP such as:

# 1. Tracking Inventory Levels Accurately

Mistakes are very common when we manage business inventory. There are many possibilities where your employees miscalculate product stocks, or errors that are accidentally made at the time of receipt or order fulfillment.

By using Acumatica Cloud ERP, inventory updates can be done automatically and also real time. In Acumatica Cloud ERP there is some availability status of goods that is affected by transaction activity in the system. The statuses are: quantity on hand, quantity available, quantity available for shipping, and allocated. The availability status of the goods is influenced by the interaction of modules contained in Acumatica Cloud ERP ie Inventory, Sales Order, and Purchase Order.

The screen that displays the availability of goods and their status as shown below

Acumatica Inventory

# 2. Tracking Inventory At Any Location

When you have multiple warehouses in multiple locations, it’s important for you to know how many items for each warehouse has. If you do not have a clear picture of the number of products you have, you will not be able to place an order accurately.

Tracking inventory at each location is important. With Acumatica Cloud ERP you can enter existing product data on each warehouse so you can easily track the products you need.

Acumatica Inventory

# 3. Inventory Analysis

To be able to make a strategic business decisions, surely you need an accurate data as well as real time data. This is also true when managing your inventory. With Acumatica Cloud ERP you cget access to analytics that can help you make the best decisions in managing business inventory. The following is an example of a report generated from acumatica:

  • Stock Opname Report
  • Goods In Transit Report
  • Inventory Balance Report
  • Historical Inventory Balance Report
  • Inventory Valuation Report
  • Historical Inventory Valuation Report

# 4. Integrated With Suppliers

Maintaining the right inventory level can be a challenge for warehouse management. However, integrating with suppliers can make it easier for you to maintain the right inventory levels. This allows you to see the price and availability of products in your erp system so as to make the ordering process much more efficient.

# 5. Back up Business Inventory Data

Losing inventory data even when you only have one warehouse is bad enough, then what will happens if you lose all the data in all your warehouse locations?

With Acumatica Cloud ERP, you can safely store your inventory data. With cloud storage servers managed by vendors, you do not have to worry if you have a problem or damage to your computer, because your data stays safe.

Acumatica Cloud ERP offers solutions that you can use to easily manage your business inventory. Want to know what other advantages Acumatica Cloud ERP has? Feel free to contact us at (021) 53675015 or email us at sales@8thinktank.com.