If your ERP has these three features, your supply chain worries can RIP!
An enterprise resource planning (ERP) system simplifies supply chain management by taking away the cost, time and effort of integrating different departments. The modern day ERPs are well equipped to meet the changing demands of warehousing and logistics.
Here is our pick of three key features that ERPs for logistics must have:
1. Warehouse Management System (WMS) Functionality
A Warehouse Management system (WMS) provides flexible, automated support for processing all types of goods movements and managing inventory in a warehouse. It covers all the key logistics processes needed in a warehouse and enables you to manage large quantities and values of stocks placed at different locations. WMS allows you to map your entire warehouse complex to minutest details. It helps you maintain a real time record of the entire quantity in your warehouse and also helps you identify where exactly a particular item is placed.
2. Transportation Management System (TMS) Functionality
Using the latest technologies, a TMS helps you in consolidating orders and optimizing transportation spend. Through accurate forecast on shipment demands, it helps you plan your transportation better and also streamlines the entire fleet and logistics management. What’s more, you can keep a real time vigil on all your transportation modes, whether domestic or international.
3. Demand Planning & Forecasting
Demand planning is the key starting point for most of the supply chain processes. If your supply chain management ERP covers demand planning and forecasting, you can easily create a comprehensive forecast of market demand and plan your logistics accordingly. Just ensure that demand planning in your ERP covers manual planning, simulation, forecasting, and works on critical situations for all involved planners. It is a great benefit if there is a web interface for demand planning that can be shared with all internal and external partners in the planning process. This ensures that all involved partners agree on the defined parameters.
If you are looking at maximizing your ROI from IT investments, make sure that your ERP meets these three critical points. A single solution that covers your supply chain needs would help you reap immediate benefits in terms of real time, accurate data updates, clear forecasts and informed planning.
Nidhi Batra is a brand communication specialist at Uneecops. She is an active contributor to SAP Business One community and loves to write on smart and intelligent technology which is redefining business models such as SAP Business One, SAP Cloud, Tableau and Power BI. Having Master’s in English from Delhi University, she follows Gartner and spends her time reading avidly about Artificial Intelligence, SAP HANA, Cloud, DevOps, IoT, robotics and business automation.. Tweets at @nidhi_niya
SAP Business One is by and large considered to be one of the most admired and favorite ERP software...
This is probably one of the most tricky questions most small and mid-size businesses face at some point in...
When having an ERP software, you will have to make sure that it is GST ready. Being GST ready...
Streamline your business processes and improve productivity using our cutting edge ERP solutions & service offerings custom built for small and medium enterprises.
Our e-Governance solutions enable the government to reduce operational complexities and help citizens, businesses & government bodies to leverage technology to access public services with ease.
Our products portfolio comprises of business automation software’ that helps you focus on high-value tasks and improves organizational efficiency by automating repetitive human tasks, process workflows, data capture & decision making.
Get actionable business insights with our cutting edge BI products & consulting services. Make informed decisions and improve business efficiency with real-time analytics.
