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Inventories are expensive commodities that need to be managed and controlled with care. Complex decisions need to be made about how many and which items the company must keep in its entirety and in each location that is growing.
Companies must also know when, how much and where to fill. Organizations know that better inventory management can increase profitability and working capital, but many aren't sure where to start or where savings can be made. They face a constant balancing act when they try to gather enough inventory to respond to customer demand quickly, minimize transportation costs, and minimize inventory investment to reduce inventory and storage costs.
Inventory management must be an executive topic. This important business function is too important to be the responsibility of the warehouse manager.
The powerful tools in the UltroERP inventory management package provide you with excellent inventory control, tracking and download management so you can optimize inventory, free up working capital, provide more efficient customer service, and take advantage of increased profits.
UltroERP's inventory forecasting solution provides a tool to measure the quality of your sales forecasts and allows you to make automatic or manual forecasts based on sales history. You can also easily identify the products that contribute the most to your business in terms of sales value, gross profit, sales price, number of sales, or visits.
By planning UltroERP's material requirements, you get a clear picture of the integrated effects of current and future supply and demand. This will help you make better purchasing and production decisions and reduce excess and obsolete inventory.
With the UltroERP family and group, as well as forecasting solutions, you can minimize forecasting errors and manage the season by increasing order fulfillment.
Provide a comprehensive inventory review and provide methods, tools, and processes to ensure proper inventory balancing in the supply chain to achieve the desired level of customer service while minimizing total supply chain costs.
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Manufacturing Companies has 50% capital in Inventories
The task of inventory management is to coordinate the steps and requirements of the company in such a way that the stock is stored in the right place, at the right time and in the right amount to meet customer requirements or the production process.
Strong Industry Experience
UltroERP's inventory management software gives you unimaginable benefits. Manage your financial transactions perfectly and apply your company to standard practices. UltroERP offers ERP software that is fully integrated, compatible, and quickly implemented for SMEs.
SMEs need to track products throughout their life cycle to the receipt book. With UltroERP, you can determine and even track inventory and production items. The system captures and identifies all relevant information for each transaction to ensure full traceability.
It is important to maintain the right amount of inventory to meet service level expectations. UltroERP offers many functions to automate this process including automated purchase orders.
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