Understanding Inventory Management
Understanding Inventory Management
We thought we should write in our own words :
- What is inventory management software?
- How it helps grow your business?
- How it connects to other business processes?
What is an inventory management software?
- Keep track of the Stock Keeping Unit (SKU) you sell
- Fulfill your orders & satisfy your customers
- Replenish your orders (automatically / repeatedly)
- Help you understand consumption patterns
- Help you in promotions & discounting
What type of inventory should I track?
Manufacturer
Finished goods Warehouses
3PL Warehouses
Higher customer satisfaction
- Read more…
How does it help your business grow?
- Higher customer satisfaction
- Promote & sell off slow moving items
- Replenish fast moving goods on time
- Helps you keep your safety stock
- Reduce inventory losses in excess & obsoletes
- Improve supply chain efficiencies
- Track your shipments
- Syndicate stock to Ebay, Amazon and other online retailers
Read more…
Can I connect my 3PL warehouse to my customer’s systems?
With the growth of Amazon and e-commerce there is immense pressure on logistics (transport and warehouse) infrastructure across the globe. While a digital business is easy to scale, physical infrastructure is always a step behind trying to play catch up.
As more and more 3PL business are investing to build the infrastructure to support the growth, there is an immense pressure for each of the “rental warehouses” to connect to the business (specially for finished goods).
So one 3PL Warehouse could be compartmentalized for 4 or 5 different customers, there is also a need to connect their own system to many of these systems so there is anm efficient exchange of information.
Solutions like SAP are extremely expensive when it comes to extending it. But open source solutions such as ERPNext can be a great replacement because it is essentially FREE (and OPEN SOURCE) and also be extended easily.
Zero licensing, 100% flexibility. What is not to like?
Why choose ERPNext over other ERP systems?
Reason 1 : Easy to Use
Gartner has rated ERPNext at the top of user recommended & user friendliness system.
Reason 2 : Get Excellent Support
You have the choice of community, partner or support from Frappe. You have choice.
Reason 3: You Save Money
ERPNext is 5X cheaper than NetSuite, 10X cheaper than SAP or Other leading ERP Vendors. For the same features.
Reason 4 : Your data is : Yours
Back up your data, on S3, Dropbox or Google Cloud. The choice of how, when, where is yours.
Reason 5 : New Features
ERPNext gets added new features and bug fixes every week. This makes software current.
Reason 6 : Open Source
Open Source software now powers Google, Amazon, Microsoft & Android phones. So does your business.
The Best Open Source ERP System in the World.
Lets speak about Customization
Settings
You can control a majority of features using settings such as financial years, price lists & session defaults.
Configurations
Item and accounting together is the heart of ERPNext. These can be completely configured.
Custom Fields & Forms
You can add as many custom fields as you want, such as sections, lists, image uploads & child tables.
Custom Scripts
You can trigger changes to documents when forms or loaded or saved. You can do so much with the incredibly powerful Custom Scripts.
Integrations
Pre-built integrations to PayPal, Razor Pay, Amazon S3, Dropbox, G-Suite gets your e-commerce, payments and backups sorted out right away.
REST API
Powerful yet simple to use REST API from ERPNext makes ~800 API end points. The possibilities are infinite and easy to get started.
Plugins & 3rd party Apps
You can potentially develop your own apps or install 3rd party apps of your choice.
Fork it / Copy it.
You have the right to fork ERPNext and manage your own version.
Flexibility limited only by your imagination!
Why choose ERPNext over other ERP systems?
Reason 1 : Easy to Use
Gartner has rated ERPNext at the top of user recommended & user friendliness system.
Reason 2 : Get Excellent Support
You have the choice of community, partner or support from Frappe. You have choice.
Reason 3: You Save Money
ERPNext is 5X cheaper than NetSuite, 10X cheaper than SAP or Other leading ERP Vendors. For the same features.
Reason 4 : Your data is : Yours
Back up your data, on S3, Dropbox or Google Cloud. The choice of how, when, where is yours.
Reason 5 : New Features
ERPNext gets added new features and bug fixes every week. This makes software current.
Reason 6 : Open Source
Open Source software now powers Google, Amazon, Microsoft & Android phones. So does your business.
Why is it popular?
Why is ERPNext Popular?
The Spirit
The ERPNext community embodies a Spirit of Community, Open & Friendliness and Public Good.
Alternative to
ERPNext is a true alternative to SAP / NetSuite / Dynamics. It is feature rich & friendly to customization.
Choice of hosting
Customers can choose between SaaS / Cloud or On-premise.
Scalability
Could be deployed with Kubernettes for 5 users or 5000 users.
Customizations
There are 7 ways to customize ERPNext including Scripting, Custom Apps, Integrations & REST API.
Open Source
There are no hidden features. There is no Freemium version. Everything is Open Source.
No Vendor Lockin
You have the option to develop competencies in-house, partner with ERPNext vendors or change vendors at any time.
The 3S of Enterprise Software
Secure, Stable and Simple are the 3 biggest drivers for enterprise software adoption. ERPNext excells in all of them.
Out of the Box
Everything works out of the box, with minimal interventions.