SAP Business One | Expertly Manage and Control Your Inventory
What’s the Difference Between Inventory Management and Inventory Control?
With SAP Business One (also known as Business One, SAP Business 1, SAP One, and SAP B1), you will easily be able to handle the inventory management and inventory control of your goods. If you are wondering, aren’t inventory management and inventory control just different names for the same thing? The answer is, not exactly. Inventory and warehouse management and inventory control are closely related to one another, but the truth is that these are three separate practices that every wholesale distribution business owner must master. Fortunately, the world’s fastest selling small and mid-sized business (SMB) enterprise resource planning (ERP) software, SAP Business One, can seamlessly integrate both processes and give distributors one tremendous advantage when it comes to inventory. The SAP Business One inventory system makes it easy to practice effective inventory management and accurate inventory control together at once.
SAP Business One (also known as SAP B1 and Business One) is a fully integrated business management system. It features powerful ERP modules for accounting, customer relationship management, and yes, inventory management and all of its related practices. The amazing Business One ERP solution also boasts cutting-edge, real-time business intelligence and data analytics applications for superior enterprise information management (EIM). All of these essential enterprise software tools are available on-premise, on the cloud, and via SAP Business One mobile ERP applications. Whatever SAP B1 implementation you choose, it’s guaranteed to streamline, speed up, and simplify your business for fast growth and success.
Contact Cornerstone Consulting for Information About How SAP Business One Improves Inventory Management
If you have more questions about the SAP Business One ERP system, get in touch with Cornerstone today by calling 813-321-1300.
Master Inventory Management and Control with SAP Business One Inventory Applications
Understanding the difference between inventory management and inventory control is vital for wholesale distributors who want to optimize business operations overall. Inventory is perhaps a distribution company’s greatest asset, but can also be its biggest downfall if not approached with expertise and care. That’s why every wholesaler must not only master the two processes, but also combine them into one smooth, super efficient operation. SAP Business One inventory applications help you easily integrate inventory management and control with one incredible warehouse and production management system.
What is Inventory Management?
Inventory management mainly refers to obtaining and organizing items and resources. Wholesale distributors practice efficient inventory management by streamlining and accelerating the process of receiving products and storing them in the warehouse. To this end, many distributors fall back on SAP Business One inventory management software, which provides accurate information on incoming shipments and helps optimize product locations across the facility. Using accurate data analytics, the Business One inventory system can identify the speed at which each product will move out of your warehouse based on past and predicted sales numbers. You can leverage that data to place products as near to the delivery and order fulfillment area of the warehouse as possible, so your workers can quickly locate, pull, and ship those popular items. Likewise, you can keep slow-moving products and overstock further away from the shipping area, making the most of your warehouse real estate and re-aligning your focus on the most profitable goods.
What is Inventory Control?
Inventory control, on the other hand, is a much more meticulous management procedure. Inventory control focuses on the movement and value of products, with the main goal of optimizing stock quantities, minimizing investments, and maximizing profits. It involves accurate inventory tracking and valuation, which can require inventory barcode scanning systems and real-time integration with accounting and CRM ERP applications. SAP Business One boasts these exact capabilities, providing business owners with a full suite of critical ERP software tools on the same easy-to-use system. That means that company-wide information and administrative applications are readily available to every member of your organization, fostering excellent communications and boosting productivity.
Research and Insights on Inventory Management and Control
- SAP Business One inventory management apps provide reliable info on inbound shipments and the speed of products, helping you organize your warehouse for fast order fulfillment and delivery.
- SAP Business One inventory control tools automatically record product orders and track stock movements across multiple warehouse locations for more accurate data and warehouse operations.
- SAP Business One supports various units of measurement and currencies, facilitating international business and global expansion of your distribution enterprise.
- SAP Business One integrates accounting and CRM applications with inventory software to streamline and improve operations across the organization.
Resources on SAP Business One Inventory and ERP System
- SAP Business One Mobile Inventory Applications
- One Wholesale Distribution ERP Solution | SAP Business One
- SAP Business One Automated Inventory System for Distribution
Cornerstone Provides Outstanding SAP Business One Software and Support Services
Cornerstone Consulting is an information technology (IT) company specializing in business optimization and automation for small and midsize businesses that would like to grow regionally, expand nationally, and/or sell goods internationally. We greatly simplify the process of purchasing SAP Business One wholesale distribution software. We also ensure that the software integration and implementation is as seamless as possible. Cornerstone is:
- A trusted SAP Gold Partner
- An award-winning value-added reseller (VAR)
- A company with highly-skilled customization, configuration, and implementation specialists
- Renowned for expertise with ERP, mobile software and technology, EDI, e-Commerce solutions, and more
You can enjoy experience the power of this amazing ERP software before purchasing it! When you are ready to purchase the SAP Business One user licenses, we offer special discounts on SAP ERP software. We enjoy making the process of purchasing SAP Business One and related add-on software simple and easy for owners of small and midsize companies.
Although Cornerstone provides SAP Business One software, related services, and tech support to companies through out the United States, many professional services, manufacturing, and/or wholesale distribution clients are based in Florida. Cornerstone is a top-rated provider of SAP Business One software and support services (implementation, configuration, training, and automation) services.