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3 types of data inventory management solutions need

3 types of data inventory management solutions need

When a warehouse implements ERP software solutions, it is looking for a new way to improve communications and access information. What type of data is most important for inventory performance? A warehouse management solution should utilize technology that can keep up with details pouring in from daily practices, customer demand and past performance.

1. Real-time data
One of the greatest assets a software solution can provide a company is visibility. If a business is charting daily activities through paper or disconnected computer systems, a lot of time is lost sharing the information between different employees and departments.

Every employee should report their activities to a centralized database. Real-time information collection creates an accurate picture of warehouse operations. Management is aware as soon as inventory levels drop, orders get delayed or supplies arrive. There is no need to waste time as data passes between departments or allow mistakes caused by faulty communication chains.

The ERP Shortlist suggested ERP software itself couldn't improve inventory data collection; warehouse managers must train their workers on information processes to ensure consistent performance. Mobile warehouse inventory management solutions like barcoding or time tracking simplify real-time software activities. Routine procedures facilitated by handheld devices capture performance as it happens with the push of a button.

2. Customer data
Most companies serve a diverse consumer base. If a business offers products online, in-store and globally, each type of audience has different demands. Business 2 Community stated companies need software solutions to create warehouses capable of handling unique customer orders.

Consumers send data to the warehouse through multiple platforms, but an inventory system should centralize information. Business 2 Community said modern warehouses need to function using automated software solutions that factor in information from every sales channel. If a warehouse employee prepares an order from an online sale, in-store managers must be aware of the stock that is no longer available.

Warehouse workers using mobile devices aren't just reporting data to a centralized database, they can see information from other departments as well. Employees can prepare orders using customer details logged by the sales department. Each merchant channel may have its own preferences, and after the system displays enough data collected by operations, trends become visible. The warehouse can use consistent consumer information to design future order picking processes.

3. Historical data
When implementing new solutions, companies shouldn't throw out old systems. A software partner should integrate new services into existing infrastructure. Past data can also indicate holes in current processes and goals for future technology.

Some data cleansing may have to take place. Supply Chain Digital said the information from the old system and the new system has to be uniform. Implementation teams have to audit the data for outdated terms or redundant information. Once ready, the fixed data can help create automated functions during implementation.

Sales figures and inventory levels from certain seasons communicate what stock is necessary at specific times. Mobile tools like the NAV barcoding system reports warnings when supply levels drop to an established minimum after proper adoption. Once a warning is issued, the system automatically creates a reorder. Managers can analyze information from the new system next to past operation information to demonstrate how the implemented ERP solution outperforms historical data. 

For more information on mobile information infrastructures, warehouse managers should download the Warehouse Mobile Data Dynamics NAV Module Data Sheet.

Posted in: Barcoding, Dynamics NAV Time Collection, Mobile Warehouse Inventory Management

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