SlideShare a Scribd company logo
1 of 12
Download to read offline
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
How to Resolve Top 5 Inventory Challenges With SAP Business One
in 2022
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
Table of Contents
Table of Contents
How to Resolve Top 5 Inventory Challenges With SAP Business One in 2022
How SAP B1 Inventory Management Module resolves burning inventory
challenges
Resolving Top 5 Inventory Challenges faced by Businesses with SAP Business
One
How VC ERP Consulting can help you resolve burning inventory management
challenges using SAP Business One?
How Does Xtreme Inventory Count App work?
Resolve top Inventory Challenges using SAP Business One in 2022 Today!
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
Global supply chains are under scrutiny now more than ever and business leaders are working
to improve resilience, boost efficiency and continue delivering for customers. Supply chains
have always been critical but often operated behind the scenes. This volatile nature makes it
crucial to address inventory challenges for SME businesses to further optimize production and
pricing. You can now resolve inventory challenges using SAP Business One.
The COVID-19 pandemic changed that revealing the importance of supply chains to a much
wider audience.
“In a 2021 survey, over half of surveyed supply chain professionals stated that they found
supply chain disruptions and shortages extremely or very challenging. During the survey,
demand-side challenges, such as faster response time were cited among the most difficult
hurdles supply chain companies face.” – Martin Placek, Statista.
Over the past year, companies serving both individual consumers and businesses have had to
deal with changing buyer behaviors and evolving inventory management techniques that have
created significant supply chain volatility.
In fact, according to a Gartner Survey last year, 87% of Supply Chain Professionals plan to invest
in resilience within the next 2 Years. Continued uncertainty and high customer expectations
challenge Supply Chain officers to find new trade-offs between Cost, Speed and Service.
These professionals are recognizing the necessity to make their networks more resilient and
diversified by adopting digital transformation.
Implementing SAP Business One ERP Solution is the first step towards your digital
transformation journey. It is a comprehensive business management solution offering complete
visibility to manage and resolve burning inventory management challenges.
In this article, experts at VC ERP Consulting, best SAP Business One Partner in India, guide us to
resolve burning inventory challenges with SAP Business One and Xtreme Inventory Count App
developed by experts at VC ERP Consulting.
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
How SAP B1 Inventory Management Module resolves
burning inventory challenges
Inventories are the blood and life of your manufacturing business, without them there is
nothing to produce, sell and earn. Proper inventory management brings efficiency, profitability
and sustainability in your SME manufacturing business.
Managing inventory is a burning challenge that many startups and SMEs face globally. Lack of
proper technology and skilled resources are the main factors slowing it down.
SAP Business One ERP for small business provides real-time data on inventories for the
expansion and management of more complex supply chains. Here are some of the many
benefits of using SAP Business One for your inventory management:
 Accuracy and timeliness
 Realistic production schedule
 Quality checking
 Inventory analysis
 Correct reporting
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
Resolving Top 5 Inventory Challenges faced by
Businesses with SAP Business One
SAP Business One is designed to improve your inventory management in every way possible. All
the users of your distribution business can have access to vital inventory information with real-
time data integration on one easy-to-use business management solution.
Experts at VC ERP Consulting, SAP Business One Gold Partner, shed light on resolving burning
inventory challenges with SAP Business One Solution and Xtreme Inventory Count App.
Challenge #1: Limited or Zero Visibility in Inventory
 Difficulties in locating or identifying stocks in your inventory
 Poor impact on business bottom-line due to incomplete and inaccurate inventory levels
 Lack of awareness about top-selling stocks and the right time to refill inventory items
Solution #1: Real-time Visibility in Inventory Levels
 Locate inventory items instantly with complete & real-time inventory location data
 Measure stock availability levels with 100% accuracy with automated features for re-
ordering and procurement
 Improve customer satisfaction with a scalable inventory management solution
 Get centralized and cloud-based databases for accurate and automatic inventory updates
with real-time data backup
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
Challenge #2: Inefficiency in Managing Inventory Levels
 Lack of planning and management to sell unsold stock
 Unable to plan strategies for core items
 Poor execution of inventory plans
 Inefficient inventory management process producing dismal results
Solution #2: Efficient Inventory & Stock Management
 Manage and track stock levels with real-time data
 Achieve efficient inventory management by streamlining inventory items
 Segregate items depending on your batch size & requirements
 Get detailed information about the items lying in the warehouse with pin-point accuracy
 Track product movements in the inventory to identify the most profitable products
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
Challenge #3: Obsolete & Manual Data Management
 Lack of access to real-time stock location information of specific inventory items
 Tedious and unsecure management of paperwork & manual processes
 Increased risk of stockouts and inaccurate records
 Rising need of real-time inventory visibility with an all-hands-on-deck approach
Solution #3: Powerful Inventory Data Management with
Insightful Reports
 Make quick and effective business management decisions with relevant inventory data
 Run through ‘what-if’ scenarios with familiar & easy-to-use MS Excel interface
 Click through relevant inventory data and get answers quickly with interactive reports
 Get updates about when to refill stock and which items are doing well in the market
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
Challenge #4: Unable to Keep Up with Overstocks
 Buying stocks without selling the existing items can hurt your profits significantly
 Poor stock control and lack of inventory management
 Lack of accountability of inventory items bringing down business bottom-line
Solution #4: Regular Stock Audits to Improve Profit Margins
 Perform regular stock audits to identify used and unused stocks
 Improve inventory efficiency to boost business bottom-line
 Optimize inventory levels and improve on-time delivery
 Track stock transfers, record goods receipts and issues and perform cycle counts
 Enable consignment and drop-ship options with SAP Business One Inventory
Management Module
 Manage the picking and packing process with multiple queues and automatically
generated pick lists
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
Challenge #5: Increased Supply Chain Complexities
 Shifts in global supply chains place a burden on your inventory planning and operations
 Increase in lack of flexibility and more unpredictable lead times
 Incomplete, inaccurate or delayed shipments
 Low visibility and accountability across your supply chain
 Discrete data about inventory items in different locations resulting in delayed shipping
Solution #5: Accurate Measure of Inventory Levels
 Monitor and track supplier data such as
o Shipment Errors
o Damaged or Defective Products
o Missed Delivery Appointments
 Measure your supplier performance to find and fix supply chain disruptions
 Reduce supply chain complexities by streamlining logistics
 Maintain safety stock to offset supply chain disruptions and improve lead times
 Adapt to dynamic global supply chains with proper inventory planning
 Use multi-location warehouse management features to track and control expanding
inventories
SAP Business One is designed to automate your business processes, improve inventory
management practices and enhance customer experiences. This solution offers a collection of
native inventory management and control features to help overcome some of the biggest
inventory management challenges.
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
How VC ERP Consulting can help you resolve burning
inventory management challenges using SAP Business
One?
VC ERP Consulting has designed and developed Inventory Count Mobile App for SAP Business
One to solve inventory management challenges for your growing business. This App helps you
run a streamlined and systematic Inventory management process across your company by
keeping inventory levels up-to-date and accurate.
Get real-time access to additional Inventory Management functions with SAP Business One MS
SQL version and SAP Business One version for the SAP HANA® platform.
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
How Does Xtreme Inventory Count App work?
At times, unregistered inventory items in SAP Business One cannot be tracked and the
employees can easily lose count of these Items. When your business deals with a huge number
of inventory items on a daily basis across various branches in multiple locations, it gets difficult
to get real-time insights of your inventory.
Xtreme Inventory Count App streamlines your inventory management function giving up-to-
date and relevant inventory information across all the warehouses.
 One-stop solution to register all the inventory items
 Integrated with SAP Business One to get access across all branches and locations
 Centralized connection of all the items across all the warehouses
 Track your inventory items:
 Batch Wise
 Distributor Wise
 Customers Wise
 Serial Number Wise
 Instantly track misplaced or stolen inventory items by their batch or serial numbers
 Get relevant insights and reports on missed item counts
Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911
Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved.
Resolve top Inventory Challenges using SAP Business
One in 2022 Today!
Managing inventory can be a daunting task but SAP Business One is designed to improve your
business from the start. In addition, the solution is loaded with features that will support your
business from the ground up.
Best SAP Business One Partner India, VC ERP Consulting, with its 21+ years of rich industry
experience, understands that implementing SAP Business One can be challenging. In order to
make the implementation process less disruptive and faster, we have come up with proven
methods and programs.
Are you ready to make your business profitable and resilient with SAP Business One? Get in
touch with expert SAP consultants and advisors at VC ERP Consulting, SAP to kick-start your
SAP Business One journey.
Get in touch with our expert consultants & advisors at VC ERP Consulting for free consultation
today! Call +91 7948998911 (India), Whatsapp +254 111229970 (Kenya), Call +1 469 915 6026 (North
America) (North America) or drop an E-mail at sayhello@vc-erp.com

More Related Content

Similar to How to Resolve Top 5 Inventory Challenges With SAP Business One in 2022?

IBP - Inventory Optimization Slides.pdf
IBP - Inventory Optimization Slides.pdfIBP - Inventory Optimization Slides.pdf
IBP - Inventory Optimization Slides.pdf
MamtaShekhawat7
 
Argentis Solutions for SAP Business One
Argentis Solutions for SAP Business OneArgentis Solutions for SAP Business One
Argentis Solutions for SAP Business One
Argentis Consulting
 
Enterprise Resource Planning(ERP)
Enterprise Resource Planning(ERP)Enterprise Resource Planning(ERP)
Enterprise Resource Planning(ERP)
Makan Singh
 
DIANA_GUTIERREZ_RESUME_OPERATIONS_MANAGER_FINAL
DIANA_GUTIERREZ_RESUME_OPERATIONS_MANAGER_FINALDIANA_GUTIERREZ_RESUME_OPERATIONS_MANAGER_FINAL
DIANA_GUTIERREZ_RESUME_OPERATIONS_MANAGER_FINAL
Diana Gutierrez
 
Introduction to ERP based Enterprise system
Introduction to ERP based Enterprise systemIntroduction to ERP based Enterprise system
Introduction to ERP based Enterprise system
VisualBee.com
 
Supply Chain Management Review Powerpoint Presentation Slides
Supply Chain Management Review Powerpoint Presentation SlidesSupply Chain Management Review Powerpoint Presentation Slides
Supply Chain Management Review Powerpoint Presentation Slides
SlideTeam
 

Similar to How to Resolve Top 5 Inventory Challenges With SAP Business One in 2022? (20)

IBP - Inventory Optimization Slides.pdf
IBP - Inventory Optimization Slides.pdfIBP - Inventory Optimization Slides.pdf
IBP - Inventory Optimization Slides.pdf
 
Right Stock At The Right Time
Right Stock At The Right TimeRight Stock At The Right Time
Right Stock At The Right Time
 
Use of enterprise resource planning(erp) in food industry
Use of enterprise resource planning(erp) in food industry Use of enterprise resource planning(erp) in food industry
Use of enterprise resource planning(erp) in food industry
 
Argentis Solutions for SAP Business One
Argentis Solutions for SAP Business OneArgentis Solutions for SAP Business One
Argentis Solutions for SAP Business One
 
Learn Why Inventory Management System is Critical for an eCommerce Business
Learn Why Inventory Management System is Critical for an eCommerce BusinessLearn Why Inventory Management System is Critical for an eCommerce Business
Learn Why Inventory Management System is Critical for an eCommerce Business
 
Heavy Equipment Management ( inventory)
Heavy Equipment Management ( inventory)Heavy Equipment Management ( inventory)
Heavy Equipment Management ( inventory)
 
Enterprise Resource Planning- BEST PPT
Enterprise Resource Planning- BEST PPTEnterprise Resource Planning- BEST PPT
Enterprise Resource Planning- BEST PPT
 
Enterprise resource planning
Enterprise resource planningEnterprise resource planning
Enterprise resource planning
 
ERP Implementation Coca-Cola Hellenic
ERP Implementation Coca-Cola HellenicERP Implementation Coca-Cola Hellenic
ERP Implementation Coca-Cola Hellenic
 
Enterprise Resource Planning
Enterprise Resource PlanningEnterprise Resource Planning
Enterprise Resource Planning
 
Difference between Warehouse Management System (WMS) and Enterprise Resource ...
Difference between Warehouse Management System (WMS) and Enterprise Resource ...Difference between Warehouse Management System (WMS) and Enterprise Resource ...
Difference between Warehouse Management System (WMS) and Enterprise Resource ...
 
Enterprise Resource Planning(ERP)
Enterprise Resource Planning(ERP)Enterprise Resource Planning(ERP)
Enterprise Resource Planning(ERP)
 
Compare 3 Accounting and Operational Systems: Distribution Capabilities
Compare 3 Accounting and Operational Systems: Distribution CapabilitiesCompare 3 Accounting and Operational Systems: Distribution Capabilities
Compare 3 Accounting and Operational Systems: Distribution Capabilities
 
Power BI Supply Chain Dashboard
Power BI Supply Chain DashboardPower BI Supply Chain Dashboard
Power BI Supply Chain Dashboard
 
Choosing Between GROW with SAP & RISE with SAP for Business Transformation
Choosing Between GROW with SAP & RISE with SAP for Business TransformationChoosing Between GROW with SAP & RISE with SAP for Business Transformation
Choosing Between GROW with SAP & RISE with SAP for Business Transformation
 
Multichannel Inventory Management – Challenges & Solutions.pdf
Multichannel Inventory Management – Challenges & Solutions.pdfMultichannel Inventory Management – Challenges & Solutions.pdf
Multichannel Inventory Management – Challenges & Solutions.pdf
 
DIANA_GUTIERREZ_RESUME_OPERATIONS_MANAGER_FINAL
DIANA_GUTIERREZ_RESUME_OPERATIONS_MANAGER_FINALDIANA_GUTIERREZ_RESUME_OPERATIONS_MANAGER_FINAL
DIANA_GUTIERREZ_RESUME_OPERATIONS_MANAGER_FINAL
 
Integrate Supply Chain Operations, Product Accelerate Product Delivery and Ma...
Integrate Supply Chain Operations, Product Accelerate Product Delivery and Ma...Integrate Supply Chain Operations, Product Accelerate Product Delivery and Ma...
Integrate Supply Chain Operations, Product Accelerate Product Delivery and Ma...
 
Introduction to ERP based Enterprise system
Introduction to ERP based Enterprise systemIntroduction to ERP based Enterprise system
Introduction to ERP based Enterprise system
 
Supply Chain Management Review Powerpoint Presentation Slides
Supply Chain Management Review Powerpoint Presentation SlidesSupply Chain Management Review Powerpoint Presentation Slides
Supply Chain Management Review Powerpoint Presentation Slides
 

More from VCERPConsultingPvtLt1

More from VCERPConsultingPvtLt1 (20)

Get Started with this Complete SAP ECC to SAP S/4HANA Migration Guide (2024)
Get Started with this Complete SAP ECC to SAP S/4HANA Migration Guide (2024)Get Started with this Complete SAP ECC to SAP S/4HANA Migration Guide (2024)
Get Started with this Complete SAP ECC to SAP S/4HANA Migration Guide (2024)
 
Revolutionizing the Business Landscape with SAP Business Technology Platform ...
Revolutionizing the Business Landscape with SAP Business Technology Platform ...Revolutionizing the Business Landscape with SAP Business Technology Platform ...
Revolutionizing the Business Landscape with SAP Business Technology Platform ...
 
Embrace the Cloud On Your Terms with RISE with SAP
Embrace the Cloud On Your Terms with RISE with SAPEmbrace the Cloud On Your Terms with RISE with SAP
Embrace the Cloud On Your Terms with RISE with SAP
 
Revolutionizing Business Transformation and Cloud Adoption in 2023
Revolutionizing Business Transformation and Cloud Adoption in 2023Revolutionizing Business Transformation and Cloud Adoption in 2023
Revolutionizing Business Transformation and Cloud Adoption in 2023
 
Answering the Top 7 FAQs about RISE with SAP Business Implementation
Answering the Top 7 FAQs about RISE with SAP Business ImplementationAnswering the Top 7 FAQs about RISE with SAP Business Implementation
Answering the Top 7 FAQs about RISE with SAP Business Implementation
 
10 Key Considerations for a Successful Migration to SAP SuccessFactors from S...
10 Key Considerations for a Successful Migration to SAP SuccessFactors from S...10 Key Considerations for a Successful Migration to SAP SuccessFactors from S...
10 Key Considerations for a Successful Migration to SAP SuccessFactors from S...
 
Power BI vs SAC: Which BI Solution Reigns Supreme in Business Intelligence?
Power BI vs SAC: Which BI Solution Reigns Supreme in Business Intelligence?Power BI vs SAC: Which BI Solution Reigns Supreme in Business Intelligence?
Power BI vs SAC: Which BI Solution Reigns Supreme in Business Intelligence?
 
Unlock Your Business’s Full Potential with the Ultimate Guide to GROW with SAP
Unlock Your Business’s Full Potential with the Ultimate Guide to GROW with SAPUnlock Your Business’s Full Potential with the Ultimate Guide to GROW with SAP
Unlock Your Business’s Full Potential with the Ultimate Guide to GROW with SAP
 
From Traditional to Digital: Taking Utilities Industry to the next level with...
From Traditional to Digital: Taking Utilities Industry to the next level with...From Traditional to Digital: Taking Utilities Industry to the next level with...
From Traditional to Digital: Taking Utilities Industry to the next level with...
 
SAP S/4HANA for Finance 2: Transforming CFO’s Vision to Value with Digital Re...
SAP S/4HANA for Finance 2: Transforming CFO’s Vision to Value with Digital Re...SAP S/4HANA for Finance 2: Transforming CFO’s Vision to Value with Digital Re...
SAP S/4HANA for Finance 2: Transforming CFO’s Vision to Value with Digital Re...
 
Top 7 FAQs Answered: Decoding RISE with SAP for Enterprises
Top 7 FAQs Answered: Decoding RISE with SAP for EnterprisesTop 7 FAQs Answered: Decoding RISE with SAP for Enterprises
Top 7 FAQs Answered: Decoding RISE with SAP for Enterprises
 
Unleash the Power of Sustainable Workforce with SAP SuccessFactors.pdf
Unleash the Power of Sustainable Workforce with SAP SuccessFactors.pdfUnleash the Power of Sustainable Workforce with SAP SuccessFactors.pdf
Unleash the Power of Sustainable Workforce with SAP SuccessFactors.pdf
 
SAP S/4HANA on GCP Embark on the Cloud Journey for Enterprise Efficiency
SAP S/4HANA on GCP Embark on the Cloud Journey for Enterprise EfficiencySAP S/4HANA on GCP Embark on the Cloud Journey for Enterprise Efficiency
SAP S/4HANA on GCP Embark on the Cloud Journey for Enterprise Efficiency
 
Top 6 Reasons to Run SAP on AWS for a Scalable Business.pdf
Top 6 Reasons to Run SAP on AWS for a Scalable Business.pdfTop 6 Reasons to Run SAP on AWS for a Scalable Business.pdf
Top 6 Reasons to Run SAP on AWS for a Scalable Business.pdf
 
SAP B1 on AWS Take the First Step Towards Scalability & Flexibility.pdf
SAP B1 on AWS Take the First Step Towards Scalability & Flexibility.pdfSAP B1 on AWS Take the First Step Towards Scalability & Flexibility.pdf
SAP B1 on AWS Take the First Step Towards Scalability & Flexibility.pdf
 
A Quick Guide to Get Started on Hosting SAP S4HANA On AWS.pdf
A Quick Guide to Get Started on Hosting SAP S4HANA On AWS.pdfA Quick Guide to Get Started on Hosting SAP S4HANA On AWS.pdf
A Quick Guide to Get Started on Hosting SAP S4HANA On AWS.pdf
 
Business Transformation What to Expect from RISE With SAP in 2022.pdf
Business Transformation What to Expect from RISE With SAP in 2022.pdfBusiness Transformation What to Expect from RISE With SAP in 2022.pdf
Business Transformation What to Expect from RISE With SAP in 2022.pdf
 
Top 6 Benefits of SAP Analytics Cloud – Central Hub of BI, Analytics & Planning
Top 6 Benefits of SAP Analytics Cloud – Central Hub of BI, Analytics & PlanningTop 6 Benefits of SAP Analytics Cloud – Central Hub of BI, Analytics & Planning
Top 6 Benefits of SAP Analytics Cloud – Central Hub of BI, Analytics & Planning
 
5 Tips to Effectively Migrate Your Planning to SAP Analytics Cloud
5 Tips to Effectively Migrate Your Planning to SAP Analytics Cloud5 Tips to Effectively Migrate Your Planning to SAP Analytics Cloud
5 Tips to Effectively Migrate Your Planning to SAP Analytics Cloud
 
Top 6 Benefits of Moving On Premise SAP S4HANA to MS Azure Cloud
Top 6 Benefits of Moving On Premise SAP S4HANA to MS Azure CloudTop 6 Benefits of Moving On Premise SAP S4HANA to MS Azure Cloud
Top 6 Benefits of Moving On Premise SAP S4HANA to MS Azure Cloud
 

Recently uploaded

CNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of ServiceCNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of Service
giselly40
 
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
Earley Information Science
 

Recently uploaded (20)

Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdfUnderstanding Discord NSFW Servers A Guide for Responsible Users.pdf
Understanding Discord NSFW Servers A Guide for Responsible Users.pdf
 
Boost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfBoost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdf
 
Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
 
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...Workshop - Best of Both Worlds_ Combine  KG and Vector search for  enhanced R...
Workshop - Best of Both Worlds_ Combine KG and Vector search for enhanced R...
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf
 
Driving Behavioral Change for Information Management through Data-Driven Gree...
Driving Behavioral Change for Information Management through Data-Driven Gree...Driving Behavioral Change for Information Management through Data-Driven Gree...
Driving Behavioral Change for Information Management through Data-Driven Gree...
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed texts
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreter
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
 
Automating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps ScriptAutomating Google Workspace (GWS) & more with Apps Script
Automating Google Workspace (GWS) & more with Apps Script
 
CNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of ServiceCNv6 Instructor Chapter 6 Quality of Service
CNv6 Instructor Chapter 6 Quality of Service
 
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law DevelopmentsTrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
TrustArc Webinar - Stay Ahead of US State Data Privacy Law Developments
 
🐬 The future of MySQL is Postgres 🐘
🐬  The future of MySQL is Postgres   🐘🐬  The future of MySQL is Postgres   🐘
🐬 The future of MySQL is Postgres 🐘
 
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...
 
Boost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivityBoost PC performance: How more available memory can improve productivity
Boost PC performance: How more available memory can improve productivity
 
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemkeProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
 
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
 

How to Resolve Top 5 Inventory Challenges With SAP Business One in 2022?

  • 1. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. How to Resolve Top 5 Inventory Challenges With SAP Business One in 2022
  • 2. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. Table of Contents Table of Contents How to Resolve Top 5 Inventory Challenges With SAP Business One in 2022 How SAP B1 Inventory Management Module resolves burning inventory challenges Resolving Top 5 Inventory Challenges faced by Businesses with SAP Business One How VC ERP Consulting can help you resolve burning inventory management challenges using SAP Business One? How Does Xtreme Inventory Count App work? Resolve top Inventory Challenges using SAP Business One in 2022 Today!
  • 3. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. Global supply chains are under scrutiny now more than ever and business leaders are working to improve resilience, boost efficiency and continue delivering for customers. Supply chains have always been critical but often operated behind the scenes. This volatile nature makes it crucial to address inventory challenges for SME businesses to further optimize production and pricing. You can now resolve inventory challenges using SAP Business One. The COVID-19 pandemic changed that revealing the importance of supply chains to a much wider audience. “In a 2021 survey, over half of surveyed supply chain professionals stated that they found supply chain disruptions and shortages extremely or very challenging. During the survey, demand-side challenges, such as faster response time were cited among the most difficult hurdles supply chain companies face.” – Martin Placek, Statista. Over the past year, companies serving both individual consumers and businesses have had to deal with changing buyer behaviors and evolving inventory management techniques that have created significant supply chain volatility. In fact, according to a Gartner Survey last year, 87% of Supply Chain Professionals plan to invest in resilience within the next 2 Years. Continued uncertainty and high customer expectations challenge Supply Chain officers to find new trade-offs between Cost, Speed and Service. These professionals are recognizing the necessity to make their networks more resilient and diversified by adopting digital transformation. Implementing SAP Business One ERP Solution is the first step towards your digital transformation journey. It is a comprehensive business management solution offering complete visibility to manage and resolve burning inventory management challenges. In this article, experts at VC ERP Consulting, best SAP Business One Partner in India, guide us to resolve burning inventory challenges with SAP Business One and Xtreme Inventory Count App developed by experts at VC ERP Consulting.
  • 4. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. How SAP B1 Inventory Management Module resolves burning inventory challenges Inventories are the blood and life of your manufacturing business, without them there is nothing to produce, sell and earn. Proper inventory management brings efficiency, profitability and sustainability in your SME manufacturing business. Managing inventory is a burning challenge that many startups and SMEs face globally. Lack of proper technology and skilled resources are the main factors slowing it down. SAP Business One ERP for small business provides real-time data on inventories for the expansion and management of more complex supply chains. Here are some of the many benefits of using SAP Business One for your inventory management:  Accuracy and timeliness  Realistic production schedule  Quality checking  Inventory analysis  Correct reporting
  • 5. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. Resolving Top 5 Inventory Challenges faced by Businesses with SAP Business One SAP Business One is designed to improve your inventory management in every way possible. All the users of your distribution business can have access to vital inventory information with real- time data integration on one easy-to-use business management solution. Experts at VC ERP Consulting, SAP Business One Gold Partner, shed light on resolving burning inventory challenges with SAP Business One Solution and Xtreme Inventory Count App. Challenge #1: Limited or Zero Visibility in Inventory  Difficulties in locating or identifying stocks in your inventory  Poor impact on business bottom-line due to incomplete and inaccurate inventory levels  Lack of awareness about top-selling stocks and the right time to refill inventory items Solution #1: Real-time Visibility in Inventory Levels  Locate inventory items instantly with complete & real-time inventory location data  Measure stock availability levels with 100% accuracy with automated features for re- ordering and procurement  Improve customer satisfaction with a scalable inventory management solution  Get centralized and cloud-based databases for accurate and automatic inventory updates with real-time data backup
  • 6. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. Challenge #2: Inefficiency in Managing Inventory Levels  Lack of planning and management to sell unsold stock  Unable to plan strategies for core items  Poor execution of inventory plans  Inefficient inventory management process producing dismal results Solution #2: Efficient Inventory & Stock Management  Manage and track stock levels with real-time data  Achieve efficient inventory management by streamlining inventory items  Segregate items depending on your batch size & requirements  Get detailed information about the items lying in the warehouse with pin-point accuracy  Track product movements in the inventory to identify the most profitable products
  • 7. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. Challenge #3: Obsolete & Manual Data Management  Lack of access to real-time stock location information of specific inventory items  Tedious and unsecure management of paperwork & manual processes  Increased risk of stockouts and inaccurate records  Rising need of real-time inventory visibility with an all-hands-on-deck approach Solution #3: Powerful Inventory Data Management with Insightful Reports  Make quick and effective business management decisions with relevant inventory data  Run through ‘what-if’ scenarios with familiar & easy-to-use MS Excel interface  Click through relevant inventory data and get answers quickly with interactive reports  Get updates about when to refill stock and which items are doing well in the market
  • 8. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. Challenge #4: Unable to Keep Up with Overstocks  Buying stocks without selling the existing items can hurt your profits significantly  Poor stock control and lack of inventory management  Lack of accountability of inventory items bringing down business bottom-line Solution #4: Regular Stock Audits to Improve Profit Margins  Perform regular stock audits to identify used and unused stocks  Improve inventory efficiency to boost business bottom-line  Optimize inventory levels and improve on-time delivery  Track stock transfers, record goods receipts and issues and perform cycle counts  Enable consignment and drop-ship options with SAP Business One Inventory Management Module  Manage the picking and packing process with multiple queues and automatically generated pick lists
  • 9. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. Challenge #5: Increased Supply Chain Complexities  Shifts in global supply chains place a burden on your inventory planning and operations  Increase in lack of flexibility and more unpredictable lead times  Incomplete, inaccurate or delayed shipments  Low visibility and accountability across your supply chain  Discrete data about inventory items in different locations resulting in delayed shipping Solution #5: Accurate Measure of Inventory Levels  Monitor and track supplier data such as o Shipment Errors o Damaged or Defective Products o Missed Delivery Appointments  Measure your supplier performance to find and fix supply chain disruptions  Reduce supply chain complexities by streamlining logistics  Maintain safety stock to offset supply chain disruptions and improve lead times  Adapt to dynamic global supply chains with proper inventory planning  Use multi-location warehouse management features to track and control expanding inventories SAP Business One is designed to automate your business processes, improve inventory management practices and enhance customer experiences. This solution offers a collection of native inventory management and control features to help overcome some of the biggest inventory management challenges.
  • 10. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. How VC ERP Consulting can help you resolve burning inventory management challenges using SAP Business One? VC ERP Consulting has designed and developed Inventory Count Mobile App for SAP Business One to solve inventory management challenges for your growing business. This App helps you run a streamlined and systematic Inventory management process across your company by keeping inventory levels up-to-date and accurate. Get real-time access to additional Inventory Management functions with SAP Business One MS SQL version and SAP Business One version for the SAP HANA® platform.
  • 11. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. How Does Xtreme Inventory Count App work? At times, unregistered inventory items in SAP Business One cannot be tracked and the employees can easily lose count of these Items. When your business deals with a huge number of inventory items on a daily basis across various branches in multiple locations, it gets difficult to get real-time insights of your inventory. Xtreme Inventory Count App streamlines your inventory management function giving up-to- date and relevant inventory information across all the warehouses.  One-stop solution to register all the inventory items  Integrated with SAP Business One to get access across all branches and locations  Centralized connection of all the items across all the warehouses  Track your inventory items:  Batch Wise  Distributor Wise  Customers Wise  Serial Number Wise  Instantly track misplaced or stolen inventory items by their batch or serial numbers  Get relevant insights and reports on missed item counts
  • 12. Website: www.vc-erp.com | Email-id: sayhello@vc-erp.com | Phone: +91 79 48998911 Copyright © 2022 VC ERP Consulting (P) Ltd. All rights reserved. Resolve top Inventory Challenges using SAP Business One in 2022 Today! Managing inventory can be a daunting task but SAP Business One is designed to improve your business from the start. In addition, the solution is loaded with features that will support your business from the ground up. Best SAP Business One Partner India, VC ERP Consulting, with its 21+ years of rich industry experience, understands that implementing SAP Business One can be challenging. In order to make the implementation process less disruptive and faster, we have come up with proven methods and programs. Are you ready to make your business profitable and resilient with SAP Business One? Get in touch with expert SAP consultants and advisors at VC ERP Consulting, SAP to kick-start your SAP Business One journey. Get in touch with our expert consultants & advisors at VC ERP Consulting for free consultation today! Call +91 7948998911 (India), Whatsapp +254 111229970 (Kenya), Call +1 469 915 6026 (North America) (North America) or drop an E-mail at sayhello@vc-erp.com