If you don’t sit and daydream about your upcoming beach vacation, but find yourself daydreaming about running an efficient warehouse, something is wrong. If you find yourself calling around the company looking for the last widget because once again your warehouse is out of stock, something is not right with your information system. A combination of improved warehouse management systems and financial and ERP tools such as Sage 100 and Acumatica ERP, integrated and accessible throughout the company, may help you start finding the time to dream about the beach and not your warehouse.
Download our free whitepaper, Four Strategies for Smarter Inventory Control, to learn more.
Predicting the Demand Curve and Order Cycle
It can be difficult to predict your company’s demand curve without historical data. Some industries find that orders fluctuate greatly from year to year, seasonally, or even monthly. That’s where having accurate, real-time data really comes in handy.
With Sage 100 or Acumatica ERP integrated into your warehouse management system, you’ll be able to run reports on sales to assess the demand curve and predict future orders. The order cycle can be assessed and analyzed too, and changes made in your stock levels based on predictions derived from data. These systems use accurate, timely data, so you are always accessing the latest information. It makes predicting demand much easier throughout the organization.
Technology to Use the Three M’s: Monitor, Measure, and Manage
Warehousing and distribution managers talk about the “three M’s”: monitoring stock levels, measuring current stock and forecasted demand, and managing supplies according to that demand level.
With the right data at your fingertips, each element among the three M’s becomes easier to address. Real-time data accessed through cloud-based systems helps you monitor stock levels and react swiftly to increased demand, marketing pushes that create demand, and other situations that may increase orders and necessitate reorders.
Measuring existing inventory is also easier. Accurate data, transmitted through the swipe of a barcode reader or even via smartphone scan, helps you get a complete picture of what is available within your warehouse.
Managing inventory is also easier with the right systems in place. Stock can be moved from one location to another to fulfill pending orders. Managing bin locations, shelf areas, and other tasks related to warehouse management can also be accomplished quickly with the right data at hand.
Knowledge Is Power
When it comes to warehouse management, knowledge—specifically, accurate, timely data on your stock situation—is power. Without it, your work is based on guesses.
Running an efficient and effective warehouse requires accurate and timely data. It is critical to know what is in stock, how much is left, how long it will take to replenish key items, and where items may be housed within the company. Combining warehouse management systems with good business software like Sage 100 or Acumatica ERP make the task easier. They synthesize and collate data from numerous parts of the organization. Access via web-based interfaces ensures that no matter where you are, you can see at a glance the information that will help you run your business. This powerful knowledge will help you manage inventory levels so you rarely run low on anything again.
Emerald TC for Better Warehouse Management
Emerald TC can help with your warehousing and distribution concerns. We can help your warehouse run more efficiently and provide you with the right tools to gather accurate and timely data. With the right data, you can better manage your business. With Acumatica and Sage 100 we can help you get your warehouse in check in no time. We are always ready to help you implement the best inventory control systems for your business. Contact us online or call us at 678-456-6919.