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Showing posts with the label ERP for Inventory management

Set a Response for Exceeding Stock Levels

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Keeping the right quantity of each item at all time is practically an art, and when considering delicate or very expensive items – having too many or too little is not an option. SAP Business One enables you to optimize the inventory levels of each item by defining the required quantity, minimum, and maximum levels: Now, choose whether SAP Business One should notify the user or block a transaction in case it causes deviation from the defined inventory levels:

Set Cycles for Inventory Counting

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Inventory management is a big deal. You need to store it in appropriate physical conditions, monitor expiration dates, protect it from any kind of damage, and if you made it successfully so far – you must count it accurately to make sure it is reflected in the books correctly. When you count your inventory once or twice a year, each count takes lots of time, usually done in a hurry, sometimes with outsourced help and may reveal significant gaps comparing to the books. To avoid unwanted surprises and continuously increase the accuracy of inventory status, SAP Business One enables you to set cycle counts on a regular basis: When conducting a frequent count, the counting process is more efficient, takes less time and if inconsistencies are discovered, they are probably minor. Investigating the cause of small inconsistencies revealed during a frequent count may prevent larger gaps in the future. Now, assign the relevant inventory cycle to the respective warehouse, either per item