How would you optimize inventory visibility through ERP customization for enhanced decision-making?

ERP like Microsoft Dynamics 365 SCM are capable of producing updated inventory levels and data without customization. Development will be needed to receive that information through the inventory visibility Add-in s and reports.

Inventory control is a cornerstone of supply chain management with its replenishment which can be automatically notified or triggered based on inventory levels and other factors like minimum, maximum, reorder and economic order quantities, reorder point, purchase lead time and demand forecasting. With timely exchange of accurate information with supply chain partners, lean management can be achieved with cost-effective use of resources to optimize profits.

ERP came into existence to maintain and optimise inventory of raw material and finished goods to prevent stock out. So managing it is the key for profitability of the company. 1) Visibility can be achived by implementing triggers/alerts based on the mark set in the software. 2) Customised reports can be generated to know the stock postion so that planning can be dome accordingly 3) Alters can be set in solution to inform team incase their are changes in the deviation of the process which might impact inventory 4) Solution can be customised based on any parameters asked by clients. The info can be pused via whats app, email or sms as configured 5) We can also run analytics which can proactively project possibilties before the event occurs

To optimize inventory visibility, focus on data accuracy. ensure the ERP system captures real-time inventory data by integrating it with barcode scanners and RFID tags. customize the system to generate detailed, up-to-date reports and dashboards showing stock levels, locations, and movements. regularly audit and clean the data to maintain its accuracy. accurate, real-time inventory data helps managers make informed decisions about ordering, stocking and fulfilling orders, improving overall efficiency and customer satisfaction.

Basically ERP and warehouse management must be integrated properly with all other tools like RFID, Bar code etc., Many ERP systems receive data in e invoice but kept till binned!!!

Integration or real time interfacing of ERP with Customer Relationship Management and Supply Chain Management is the ideal combination of enterprise systems. CRM can provide accurate demand predictions which can be detailed for every customer. SCM avoids the bullwhip effect and enables just-in-time inventory management. Therefore, customer satisfaction, workforce productivity, revenue and operating margin are greatly improved.

Optimizing inventory visibility through ERP customization involves several key steps. First, define objectives and scope to improve inventory accuracy and support real-time decision-making. Assess current systems and processes to identify gaps. Gather detailed requirements from stakeholders to determine necessary data points. Design a customization plan identifying necessary ERP modules and integration points, and create user-friendly dashboards. Develop the custom features with a team of ERP developers and analysts. Thoroughly test and validate the system. Train users with comprehensive programs. Implement the system in phases, monitor performance, and establish a feedback loop for continuous improvement.