Does ERP software offer real-time inventory tracking and management?
Yes, ERP software provides real-time inventory tracking and management capabilities. By integrating various business functions, such as sales, purchasing, and manufacturing, an ERP system enables organizations to track inventory levels and movements in real-time. It provides accurate and up-to-date information regarding stock availability, quantities, locations, and replenishment needs. This functionality helps businesses optimize their inventory management, reduce stockouts and overstock situations, streamline supply chain processes, and improve customer satisfaction. With real-time data, decision-makers can make informed choices regarding purchasing, production, and order fulfillment, leading to improved efficiency and cost savings.