Any enterprise that moves inventory needs to manage its supply chain logistics efficiently to be successful. Inventory management software can streamline processes, giving inventory management more relevant data and greater control over the full supply chain.  

Manage every channel
Retail no longer moves inventory through a single channel. While inventory was traditionally a "back office" function, it has become far more consumer-facing, as noted by Curt Barry of Multichannel Merchant. Serving these omnichannel shoppers is a heavy task, and an ERP system can connect inventory management with every distribution channel to optimize fulfillment and improve the overall customer experience, whether it's through a physical store front or an e-commerce site. 

Automate invoicing
As a small business grows, filling out invoices can become increasingly more time-consuming, according to Orgad Gratch of Business.com. ERP software can reduce the time it takes an inventory team to generate and process invoices, freeing up time and resources for more pressing concerns. Improving the invoicing process means issuing payments faster to keep vendors happy, and processing incoming invoices faster increases working capital. 

Connect the chain
Managing inventory means juggling a long list of tasks throughout the process, from acquiring raw materials, to storing goods, to shipping products off to customers. The right inventory management system can centralize all of these tasks to ensure a smooth process and minimal spending.  

Boost the bottom line
Streamlining processes, controlling quality, and optimizing shipping all make for happier customers and less waste. Any enterprise runs a risk of some kind of disruption, but putting a powerful system in place can mitigate risk and keep things moving in any situation. 

Could your inventory management use an upgrade? Accent Software is a full-service software consulting company that can guide you through the Microsoft Dynamics NAV adoption process. We have industry-specific add-ons to Dynamics NAV that are tailored to the needs of your enterprise. Contact us to learn more.