One of the most common problems for small and mid-sized manufacturing and distribution companies is dealing with inventory shortages. When an inventory shortage occurs, that leads to shipping delays, unhappy customers and vendors, and your team has to take time out of their schedules to prioritize this firefighting business response.
More often than not, these inventory shortages occur due to a lack of centralized and consolidated sources for each department of your company to view supply, demand, and material levels. The most frustrating part about inventory shortages is that they are 100 percent preventable.
Can an ERP system or ERP software eliminate inventory shortages and shipping delays for your organization? The short answer is yes.
The long answer is that intelligent ERP systems, like Whiz Synergy, that utilize cutting-edge business intelligence, modules, and user-friendly interfaces lead to overall better utilization of materials, inventory and lead to all departments of your company staying in the know 24/7.
When utilizing an ERP, your team will be able to see when demand for specific products is up so that they can plan accordingly. Intelligent ERPs will also be able to forecast future supply and demand trends so that you can plan your resources accordingly and even reorder materials when stock appears to be trending towards heavy demand.
Inventory Positioning & Aging
Whiz Synergy’s unique Inventory Positioning & Aging module is the space that will most help your company maintain optimal inventory levels. This module uses data to produce projections about inventory position with aging. Utilizing this feature will close the gap between supply, demand, and inventory.
Work In Progress (WIP) Counting
WIP Valuation and WIP Counting are tricky, complex, and time-consuming aspects for most companies. These figures need to be tracked accurately to ensure items in-progress are completed on-time. Whiz Synergy’s WIP Counting tool allows you to track and count it with utmost ease and accuracy.
OSP Shipping & Tracking
Outside Processing (OSP) is a subcontracting process where certain operations in a company’s manufacturing or distribution process are performed by an external subcontractor, typically when manufacturers or distributors do not have the capabilities or equipment to perform all the steps to produce their products.
OSP is a critical component for many manufacturing industries & Whiz Synergy lets you track all of it with utmost ease without missing a single detail or notification. This feature will ensure that your inventory is shipped out (and tracked) perfectly, leaving any subcontractors, vendors, and buyers satisfied.
See why Whiz Synergy and all of its features are among the best ERP for small business manufacturing and can easily solve all of your inventory and shipping pain points.
e-Whiz Global was founded in 2009 with the sole purpose of offering simple & effective business solutions to our customers and business partners. Today, we offer comprehensive technology solutions for ERP, CRM and Accounting in major vertical industries.
With a growing global team of solutions architects, software engineers and project managers, we bring vast experience in your Business Domain, Product Development & Information Technology services. Our underlying philosophy is simple: If you want to go fast, go alone. But if you want to go further, partner with e-Whiz Global.