Businesses today go through unprecedented times because of the changing market conditions, fluctuating demands of the consumers and changing availability of the raw materials for manufacturing products. One of the major departments affected due to these changes is Supply Chain Management.
The Supply chain is like a bridge between the consumers and the retailers or the manufacturers. They know the exact requirements of the consumers and the loopholes in the manufacturing units that can fill the gap between the expectations and delivery. However, the gap in the proper management of the same leads to delays, unsatisfied customers, product expiry, and more that causes heavy losses to the company.
Furthermore, lack of quality checks in the initial stages of the product manufacturing can cause greater wastage of the finished product in the later stages of the supplying chain management as quality is the first thing that needs to be checked before serving the product to the customers. And when found faulty, the product has to be discarded.
So, what could be done? How to reduce the wastage, or increase the operational efficiency of the system so as to enable improved supply chain management in the business? The answer to all your questions lies under the modern-age technology system that can handle everything with greater efficiency and render your business a new roadway to embark upon the journey of success.
Let’s see how ERP can transform the Supply Chain Management and retail business.
What is ERP and is its Role in Supply Chain Management and Retail Business ?
Enterprise Resource Planning (ERP) software is the modern-age tool that integrates and manages the end-to-end business functions to foster business growth and stability in the market. ERP software that understands the unique needs and demands of the businesses as per their industry-type and company size can be considered as the right ERP software for the respective company.
There are many ERP tools in the market but none can beat SAP Business ERP software in front of its unique features and services. If chosen a SAP Platinum Partner for its implementation, SAP Business One ERP software can do wonders. Let’s see in detail the value additions that can be brought in the organization with SAP Business One ERP Software.
Updated Inventory Information
SAP Business One can keep you well updated with what’s available in stock and what not along with regular alerts on the replenishments. So, that there are no delays in production due to unavailability of the raw materials.
Quality Checks and Control
SAP Business One conducts frequent quality checks at every stage of the production from raw material to finished goods, so that all the flaws and faults are detected in the early stage and only high-quality products are shipped for shipment.
End-to-end Traceability of Batches
SAP Business One offers complete traceability of the batches from shipment to final delivery to ensure the end-to-end security of the product.
All these factors along with managing the costing of the final product and financials of the company together contribute towards the improving the Supplying Chain Management and Retail business. If you too want to improve the same in your company, get a demo of SAP Business One, Best ERP software in Pune. This Retail ERP software can streamline the core business functions in your company.