ERP System in Supply Chain Management
When it comes to Supply Chain Management (SCM), companies might face several issues in working with different partners including vendors, distributors, retailers, logistics, and end-consumers. In this article, we would like to draw out some in-depth sights into the help of the ERP system in Supply Chain Management.
Inventory Management
ERP software provides a strong and comprehensive inventory tracking system that helps to control and manage product stock with better inventory category and organisation, warehouse data, and product transportation records. ERP solutions also enable the monitoring of multiple warehouses and stockpiles by automatically listing serial numbers, and batching stock numbers with conformance and price list. Through that, suppliers are able to deliver accurate estimations on scheduling proper plans for input, output, and movement at the right time.
Purchase and Order Management
ERP software empowers every single part of the supply chain to utilise the features of the full purchase workflow process and back-to-back orders by managing purchase requisitions. In another word, ERP system helps create purchase orders from approved purchase requisitions. Automatic sequential purchase orders or back-to-back will be generated once recorded.
Billing Management
ERP system users can access various billing types, including advanced payment, progressive billing, etc. Using data and information from the integrated platform, ERP system supports companies to create invoices, credit, and debit memos with detailed price lists. Specifically, ERP solution can also help generates billing for rendered services and products by automation feature, attached to a list of services and products along with their corresponding costs, and then sends them to customers as an invoice.
Logistic Management
Logistic includes lots of steps such as package, delivery, storage, etc. Remarkably, the ERP system makes it easier to create transportation routes with detailed information on customers’ delivery addresses, which ensures the right delivery coordination and clients’ references. The solution also offers options such as merge shipment and partial shipment.
With the ability to generate real-time data, the ERP system allows managers to update actual data of all delivery and supply processes involved, and merge shipments for similar suppliers or distributors into one voucher to save time, which saves logistic personnel from spending several hours on manually calculating.
Reporting Management
ERP System usually comes with a Business Analytic Module that helps analyze business data from any part of your business and generate different kinds of ad-hoc reports. You can easily check on sales revenue, profit, suppliers’ performance, product movement, and trend analysis through various profiling. The software also allows companies to pre-schedule reports to auto-email to a specific email account just with a click of your mouse.
Should you have any concerns about ERP software, feel free to contact Synergix experts today!
