Globus Labs - SAP Business One

If you are managing inventory across multiple warehouses you know how important it is to be able to keep track on items and quantities to the level of the single item. To make your inventory even better organized, SAP Business One provides you with Inventory Transfer Request. An internal document that allows you to record the need in inventory transfer without posting an inventory transaction. It updates the ‘Ordered’ and ‘Available’ quantity in the target warehouse (the same as sales order, production order and reserve invoice) and the respective accumulators in the source warehouse. The Inventory Transfer Request is available under Inventory > Inventory Transactions and can be generated also from within Sales Order, A/R Reserve Invoice, and Production Order. In addition, in certain scenarios, the MRP wizard may recommend creating an inventory transfer request.

Frequently when speaking with operational managers in Wholesale Distribution, I ask, “What is your most important process to digitalize?” They respond, “The return process.” The distributor’s customers are continually concerned about the urgency of providing much-needed product and don’t want to lose time in sourcing additional orders in fear of lost business.  For the specific case of spare parts, and due to the urgency of repair, when multiple solutions for the repair exist, customers prefer to order all the possible parts to save time, and then return the unneeded parts afterwards. Eventually, excess stock decreases their available treasury on hand and valuable shelf space.  The new generation of wholesale customers do not like to keep materials or parts in stock without immediate use which negatively impacts their cash flow and inventory turnover. Therefore, the return process is still a traditional process, but remains complex, requiring multiple

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

Your sales team is the face of your company. They are the first people your prospects speak to. They are the ones who make deals and build relationships on behalf of your company. They are usually the ones that your customers reach out to when they need more products or services from your company. As such, a sales team that is armed with the right tools to immediately meet the customer’s needs is more successful than one that needs to check back with head office about inventory availability. Arming your sales team with real-time, mobile access to inventory data gives them an advantage over your competition. With accurate inventory data at their fingertips, they can: Set Proper Expectations One of the worst things your sales team can do to a prospect or customer is make promises that the company cannot deliver on. By having real-time information at their fingertips about what’s on-on hand, on-order, or currently allocated, your sales team can immediately set customer exp

If you ask any company what the most challenging part of managing their business is – 9 times out of 10, they will say inventory management. This is because inventory management affects many different parts within a business organization – from warehouse management and on-shelf availability to loss prevention, financial audits and customer satisfaction. It only gets more complicated as more product SKUs and locations are added. As your business grows, how do you ensure you are maintaining the right amount of stock? Hold too much, and you may tie up working capital and inhibit growth. Not enough, and you may disappoint customers. A rock-solid inventory management system becomes even more critical when scaling your business. Businesses are faced with: ·          Duplicate entry into disparate systems Often, companies use multiple systems to help manage their operations, including QuickBooks and Microsoft Excel. Initially, they find that the systems become insuffi