Inventory Management in SAP Business One

Accurate and streamlined inventory management is crucial to your ability to deliver on promise, as well as to maintain customer satisfaction and inventory cost control. Inventory management tools in the SAP Business One business management and Enterprise Resource Planning (ERP) solution helps manage detailed warehouse data, track and record stock movements, and manage your material requirements planning.

SAP Business One records goods receipts and goods issues in any warehouse. By integrating individual item prices or price lists, you simultaneously update inventory valuation. SAP Business One transparently integrates inventory and accounting transactions.

As a result, stock levels are adjusted, inventory accounts credited or debited, and applicable inventory variances accounted for as soon as a stock movement is posted in SAP Business One. Inventory transfer functionality allows you to readily move items from one warehouse to another.

Inventory Planning for SAP Business One


 

SAP Business One Inventory Management Features

  • Powerful Item Management – SAP Business One allows you to manage items by group or individually. Item codes, SKU’s, foreign descriptions and supplier catalogues
  • Costing and Units of measure – Manage  stock using various costing models (including average cost, FIFO), across the business or by warehouse/store.  Multiple units of measure and unit conversions
  • Goods receipt  and issue control – record goods  receipts and issues; track stock transfers; enable consignment, drop-ship, and other orders
  • Serial number tracking – an automatic creation of warranty records if required
  • Batch and Lot Tracking – SAP Business One offers full traceability
  • Pick and Pack manager – The pick and pack manager capabilities in SAP Business One allows users to manage the picking and packing process within three queues. As sales orders are entered, they are displayed in the “open” queue; quantities can be marked as fully or partially released for picking. The “released” queue displays all orders released for picking. Within the “open” or “released” queues, users can automatically create pick lists per order or for a range of orders. Within the “picked” queue, orders marked as picked can be displayed and selected for packing
  • Stock takes –  easily perform inventory and cycle counts
  • Efficient, up-to-date reportingSAP Business One can generate reports  with data that is up-to-the minute based on perpetual inventory and present in various formats and dashboards

 

SAP Business One Inventory Management Benefits

  • Gain efficiency by automating processes and using integrated production functionality and Material Requirements Planning (MRP)
  • Improve customer service with on-time delivery and fewer shortages and stock-outs
  • Reduce inventory costs with improved inventory control and materials planning
  • Improve business insight with powerful warehouse and inventory reporting tools

More about SAP Business One

As the market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries to run better. Today SAP has sales and development locations in more than 50 countries worldwide, with more than 176,000 customers. SAP Business One is an affordable and easy-to-use business management software solution designed specifically for small and midsize enterprises (SME’s). It enables you to manage critical business functions in a single integrated business management system. With SAP Business One, you can instantly access complete and up-to-the-minute business information, so you can respond to customers faster and grow your business more profitably. SAP Business One helps you bring sales, financial management, banking, purchasing, manufacturing, inventory management, customer relationship management and more all under one flexible, responsive system.

Read More