Smart Inventory Control Required for Competitiveness and Growth
The wholesale distribution industry is changing rapidly, and traditional inventory management systems may not be agile enough to keep up with your needs. A smart inventory control system such as Acumatica Cloud ERP offers the agility and versatility you need to remain competitive and continue to grow your business.
Maintaining an inventory with a balance between incoming and outgoing can be a challenge and managing it efficiently without disruption to your business is a must. True inventory control can help you manage your goods while avoiding obstacles and slowdowns, thus speeding up the entire process.
Inventory Management 101
Basic inventory management often begins with a simple system such as order-point, in which a purchase is automatically triggered when the number of items falls below a designated threshold, or two-bin order point which has a container for your main supply and one for your backups and automatically triggers a reorder when the backup container is accessed.
These are simple systems and work fine for small businesses, but as your business grows and your inventory logistics become more complex, you need a higher level of inventory control.
True Inventory Control
True inventory control helps with better inventory cost management, improved customer satisfaction, a higher fill rate, and increased profitability. All this should be accomplished with less stress and hassle.
How can you tell if your manufacturing and distribution business is ready for true inventory control with Acumatica Cloud ERP? Keep reading to see how one of our clients, Tayse Rugs, made the move that resulted in impressive growth for their company.
Tayse Rugs is an importer and wholesale distributer of Turkish rugs. Their clients are some of the world’s largest retailers. They process thousands of orders a day and were looking for the best way to control their inventory.
By using Acumatica’s modern ERP solution and working closely with their Acumatica Partner Dynamic Tech Services, Tayse Rugs was able to tap into a range of inventory control benefits that helped them not only handle their large number of orders but also to keep up with their continued growth.
Acumatica Cloud ERP has given the company:
- Accurate tracking across multiple and diverse locations
- Support for picking methods (FIFO/LIFO)
- Lot & serial number tracking
- Expiration date management
- Inventory valuation assessment
- Automated data collection and integration
- Replenishment management
Tayse Rugs integrated their cloud ERP with flexible Electronic Data Interchange (EDI) to ease transactions with their big-box retailers, and they increased efficiency using the in-depth insight from Acumatica’s easy-to-use dashboards and intelligence integrations.
But one important reason Tayse Rugs chose Acumatica is that the cutting-edge cloud ERP offered them unmatched freedom with the Acumatica Cloud xRP platform.
Acumatica’s Open Platform
Acumatica is not simply an ERP (Enterprise Resource Planning) solution; it goes way beyond that. Acumatica Cloud’s xRP platform allows you to modify your ERP in nearly any way you can imagine and to meet any challenge your business may encounter.
Tayse Rugs leveraged the Acumatica Cloud xRP platform to develop a 100% unique warehouse management system (WMS) that perfectly fits their needs. Imagine what such a solution could do for the unique needs of your company.
Acumatica Cloud ERP is also driving some of the industry’s most exciting tech advances for mid-market companies.
With Acumatica Cloud ERP, you get a unique resource-based usage model that allows for unlimited users, with access to Acumatica’s comprehensive, free, openly available training opportunities such as Acumatica’s Open University, regional user support groups, and the Acumatica Help Portal.
But what does all this have to do with inventory control at your wholesale distribution company? Well, that’s up to you…
How will you combine your in-depth business understanding with a completely customizable inventory control ERP solution that you can use to build your company any way you want? How will you free yourself from the obstacles that are slowing you down?
Whatever you decide, Acumatica’s flexible solution and a certified Acumatica Partner such as Dynamic Tech Services can transform your ideas into reality.
If you’d like to know more about Acumatica’s solution for true inventory control, contact our experts at Dynamic Tech Services.
By Dynamic Tech Services,
an Atlanta-Based National Acumatica Gold-Certified Partner