Inventory Nightmares: How ERP Expertise Can Save Your Business
This video explores the complex world of inventory management, highlighting common challenges businesses face and showcasing how ERP expertise, like that of Kusuma Pattem from Tayana Solutions, can provide effective solutions.
(a) Challenges in Inventory Management
Inaccurate Inventory Receipts: Businesses often encounter discrepancies between their physical inventory and what their system reports. This can occur due to factors like the system not accounting for the location of goods within a warehouse. As a result, businesses may oversell, leading to delays and unhappy customers, or underestimate their stock, missing out on potential revenue.
Reserved Quantity Errors: Systems sometimes fail to accurately reflect reserved quantities when calculating overall item availability. This means a business might appear to have more stock than is actually available, potentially leading to overselling and unfulfilled orders.
Inventory Replenishment Issues: Automated replenishment systems, while intended to simplify restocking, can backfire. For instance, if a system relies on outdated sales data, it can lead to overstocking of products that are no longer in high demand. This ties up capital and storage space unnecessarily.
(b) The Solution: ERP Expertise
Kusuma Pattem, an Associate Principal Consultant at Tayana Solutions, offers expert solutions to these inventory challenges. With three years of experience in the ERP field, she has successfully tackled over 400 unique inventory-related cases.
Understanding ERP Systems: Kusuma’s deep knowledge of ERP systems, particularly Acumatica, enables her to identify the root causes of inventory problems. She understands the nuances of these systems and how to configure them for accurate inventory tracking, even when dealing with complex scenarios like reserved quantities.
Tailored Solutions: Rather than applying generic fixes, Kusuma analyzes each business’s specific needs and develops customized solutions. For example, she
Uses tools like Acumatica’s generic inquiries to create customized reports that provide a clearer picture of reserved quantities, enabling accurate tracking of available stock.
Benefits of ERP Expertise: Businesses partnering with experts like Kusuma and Tayana Solutions enjoy several advantages:
o Accurate Inventory Management: Precise tracking of inventory levels helps businesses avoid overselling, stockouts, and unnecessary storage costs.
o Improved Customer Satisfaction: Accurate inventory data ensures timely order fulfillment, leading to happier customers.
o Increased Revenue: Optimized inventory management helps businesses capitalize on sales opportunities and avoid lost revenue due to stockouts.
o Data-Driven Decisions: Access to real-time inventory data empowers businesses to make informed decisions regarding purchasing, sales, and resource allocation.
Contact Tayana Solutions at 678-910-2774 to discuss your inventory management needs and learn how their expertise can benefit your business.