When it comes to manufacturing, inventory management is unfortunately accepted suffering. Dedicating time to counting your inventory is a painful and hectic experience, usually involving a stop in production and shipping. This of course leads to revenue loss, no matter how quickly you get it done. Yet inventory management will always be an integral part of your supply chain process, so what can you do to improve the process?

INVENTORY MANAGEMENT; CYCLE COUNTING

ERP (Enterprise Resource Planning) systems are specially designed software to improve your business processes, from financials to product configuration and much more. One of the areas that ERP systems excel in is inventory management. A good ERP system will reduce your counting time and speed up the entire supply chain process.
SyteLine from Infor is an ERP that has a simple but accurate solution to inventory management woes; Cycle Counting. Instead of losing revenue once or twice a year to take stock of your entire inventory, cycle counting allows you to track small subsets of your inventory throughout the year. Cycle counts are similar to total physical inventory in that you can track your on hand inventory, but without the hassle of a warehouse inventory freeze. That means cycle counting inventory does not disrupt your daily operations.
Inventory management via cycle counting can be customized to focus on on high value and high volume items, and much more. These customizations let you focus what is most important to your business while simultaneously speeding up your inventory management projects. An ERP with cycle counting functionality (like SyteLine) can improve your inventory process and increase productivity.
When it comes to inventory management, we can attest from first hand experience that an ERP with cycle counting functionality is an effective and accurate solution. Check out some of our project snapshots to read through actual experiences with cycle counting in SyteLine and more.