SAP Business One Inventory Management Best Practices

Get Inventory Right with SAP Business One Inventory Management Software

The SAP Business One inventory management system has already helped countless wholesale distributors all over the world transform their warehouses into ultra-efficient, highly profitable enterprise assets. Because inventory is the bread and butter of a distribution business, it’s imperative that industry leaders utilize the best inventory management software tools to streamline and optimize warehouse operations. The right software should also help distributors easily overcome common inventory and warehouse challenges and provide essential applications that allow proven best practices for inventory management. The amazing inventory management capabilities of the SAP Business One enterprise resource planning (ERP) system accomplish these three tasks with ease. That’s why the SAP Business One ERP software solution is one of the fastest selling business management systems for wholesale distributors worldwide.

SAP Business One (also known as SAP B1, Business One, and SAP Business 1) is a fully integrated ERP system designed for small and mid-sized businesses (SMBs) in the industries of wholesale distribution, manufacturing, and retail. It is an all-in-one solution for comprehensive enterprise management, featuring high-performance modules for accounting, customer relationship management (CRM), inventory tracking and control, and more. SAP B1 is also well-known for its powerful real-time Big Data analytics and business intelligence capabilities, empowering distributors like you with incredible enterprise insights and access to accurate information. All of these outstanding ERP software applications are available on-premise, in the cloud, or on your favorite mobile devices, so you can drive business growth and efficiency on whatever platform best suits your needs.

Looking for an Innovative SAP Business One Inventory Management and ERP Package?

Cornerstone Consulting is an information technology (IT) company specializing in business optimization and automation for small and midsize businesses that would like to grow regionally, expand nationally, and/or sell goods internationally. We greatly simplify the process of purchasing SAP Business One wholesale distribution software. We also ensure that the software integration and implementation is as seamless as possible. Cornerstone is:

  • A trusted SAP Gold Partner
  • An award-winning value-added reseller (VAR)
  • A company with highly-skilled customization, configuration, and implementation specialists
  • Renowned for expertise with ERP, mobile software and technology, EDI, e-Commerce solutions, and more

We offer demos and free trials for SAP Business One, so you can easily experience the power of this amazing ERP software before purchasing it. When you are ready to purchase the SAP Business One user licenses, we offer special discounts on SAP ERP software. We enjoy making the process of purchasing SAP Business One and related add-on software simple and easy for owners of small and midsize companies.

Although Cornerstone provides SAP Business One software, related services, and tech support to companies through out the United States, many professional services, manufacturing, and/or wholesale distribution clients are based in Florida. Cornerstone is a top-rated provider of SAP Business One software and support services including implementation, configuration, automation, training, and more.

If you have more questions about the SAP Business One ERP system, get in touch with our team today by calling 813-321-1300.

What Are the Most Common Challenges of Inventory Management?

SAP Business One inventory management applications are vital tools for wholesale distributors who face major inventory obstacles every day. These obstacles often include:

  • Unknown availability of items
  • Unknown location of items
  • Excess inventory
  • Out-of-stock situations
  • Poor warehouse organization
  • Inaccurate or inefficient inventory tracking methods

When you’re facing all of these common inventory problems at the same time, it can be an absolute nightmare to keep your entire business running smoothly. The good news is that all of these challenges can be easily overcome and even outright avoided with an effective inventory management system like SAP Business One, as it provides the right tools for better inventory management practices.

The SAP B1 ERP system improves inventory management practices in every way. With real-time data integrated on one easy-to-use system, every member of your organization gains access to vital inventory information. That means that your accounting department can monitor inventory value and create more effective budgets for purchases. Your sales and customer service representatives can check up on item availability, move more valuable products, and land more big sales. Utilizing the right inventory management software is not only good for your warehouse–it benefits the rest of your business as well.

Information management is one of the key components of SAP Business One. The SAP inventory management application tells you exactly how much of a product is in stock and where each item can be found in the warehouse, so you will never again be caught unaware. Through automated sales tracking, you can see how quickly your products are moving and identify the most profitable items in the inventory. You can also determine which products aren’t selling as well and efficiently liquidate the least valuable stock to save money and storage space.

This information also aids in warehouse organization and optimization. When you are fully aware of how quickly each product moves, you can ensure that the fastest-selling/most profitable items are closest to your order fulfillment and delivery staging areas, while slower items and overstock are kept further away. An optimally designed warehouse speeds up fulfillment and deliveries, which not only saves time and money, but also keeps your customers happy and loyal.

Furthermore, SAP B1 can help optimize your inventory and eliminate surpluses and stock-outs. The SAP Business One inventory management software determines the best minimum and maximum stock levels and alerts you when it’s time to re-order a product. It also tells you how many units of that product to order at once, so you will always keep the perfect amount in the warehouse at any given moment. You will never again disappoint customers concerning backordered items or waste money on excess inventory.

The SAP Business One inventory management and ERP solution comes with a variety of warehouse optimization tools, including material requirements planning (MRP) functionality and an inventory barcode scanning system for simplified stock tracking and control. No matter how big or diverse your inventory is, SAP Business One can help you improve management practices and accelerate warehouse operations for faster deliveries, happier customers, and bigger business success.

Research and Insights on SAP Business One Inventory Management Software

  • SAP Business One can manage inventories in multiple locations and supports various management methods, including first-in first-out (FIFO) and serial or batch
  • SAP B1 supports different units of measurement and currencies, allowing international business operations.
  • Automate your inventory with Business One’s real-time stock tracking and fulfillment staging capabilities.

Source: Warehouse and Production Management with SAP Business One (Inventory Management PDF)

Inventory Management Resources for Wholesale Distributors