Ease of Inventory Management with SAP Business

SAP Business One is a complete and flexible software solution for managing critical processes in small and medium businesses, including accounting and finance, sales and service, inventory and distribution, and purchasing and operations.

Research shows that 96% of businesses with Best-in-Class growth implement Enterprise Resource Planning (ERP) solutions. This solution helps organizations of all sizes meet the challenges of managing a single business system to support business visibility, efficiency and decision making.

Ease of Inventory Management with SAP Business One

The Inventory Management module supports several processes to optimize inventory management, including:

     ·        Manage master data items.

     ·        Able to manage products based on serial and batch numbers.

     ·        Manage Inventory transactions (GR, goods issues, inventory transfers, initial item quantity)

     ·        Manage price lists, including discount periods, volumes, and special prices.

     ·        Able to manage the pick and pack process.

     ·        Manage reports or reports related to inventory

Item Master Record in SAP Business One

SAP Business One allows you to manage all items in purchasing, production, sales and stock. Services can also be defined as items, although they are only relevant for sales.

With SAP Business One, we can define and update other inventory functions such as:

·               Serial & Batch Numbers.

·               Alternative Items.

·               Default Business Partner Catalog Numbers.

Price Lists

SAP Business One allows creating price lists for different items, as well as providing flexibility to customers to make price offers.

During the creation of sales and purchase documents, SAP Business One obtains the price of goods directly from the price list with the business partner's payment terms. When adding a business transaction for a business partner, the item price is determined by the set price list.

When Initializing SAP Business One, we can define price lists for customers and vendors. This data can be revised and modified so that the prices used in sales and purchases are always up to date.

Pick & Pack untuk Perpindahan Inventory

Pick and Pack in SAP Business One can automate the processing of sales orders and A/R reserve invoices, from creating pick lists to packaging items.

This process includes the following procedures:

• Create a pick list of sales orders and/or A/R reserve invoices.
  

• Select items based on the pick list.
  

• Packing goods for shipping.
  

• Create shipping documents and A/R reserve invoices
  

       Inventory Reports

Inventory reports contain information about items and their inventory, such as quantity and valuation of inventory. Where we can:

·      Produces items (active and inactive), which are in the system as well as information about them such as last price and serial/batch information.

·             Create an inventory posting list.

·             Analyze every item in various warehouses.

·             Start assessment for warehouse inventory.

The things above are features in SAP Business One Inventory Management. Find out about the features and other modules in SAP Business One which we will discuss in the next articles!