Reduce Your Inventory Costs

BySacha Blomer

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Effective Strategies To Reduce Inventory Costs

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How the right software can help reduce your inventory costs.

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For inventory intensive businesses, reducing inventory costs is often the differentiator between a successful business or one that is just surviving. Whether you’re managing a range of perishable stock or drop shipping consumer products on behalf of your resellers, effective inventory management is the key to your business success.

Your business can lose customers or resellers pretty quickly when your internal systems cause lost orders, late deliveries or inaccurate or incorrect fulfillment. Other challenges can include large volumes of stock wastage, or wasted storage costs for inventory items that don’t move, not to mention the fact that the space could be better utilised for stock that does move.

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The Ways Cloud ERP Helps Reduce Your Inventory Management Costs

A good Cloud ERP system, such as MYOB Acumatica for Wholesale Distribution will employ various methods to help you reduce the costs associated with inventory management, such as;

  • Accurate Demand Forecasting: Using historical data and trends to predict future inventory needs, reducing overstock and stockouts.
  • Automated Reordering: Streamlining the procurement process to maintain optimal stock levels.
  • Real-Time Inventory Tracking: Providing visibility into inventory levels across multiple locations to optimize stock distribution.
  • Cost Analysis: Analysing carrying costs, order costs, and shortage costs to identify and implement cost-saving opportunities.
  • Integration with Sales and Purchase Orders: Ensuring synchronization between inventory levels and business transactions to avoid excess inventory.

MYOB Acumatica is built upon a global Gartner Magic Quadrant leading Cloud ERP platform and employs all of these methods to help Australian businesses reduce their inventory costs.[/vc_column_text][/vc_column][vc_column][vc_column_text css=””]

E-Book: How To Uncover Hidden Cost Savings In Your Inventory

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MYOB Ad-Words Inventory Campaign

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Access A Powerful Inventory Command Centre

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Everything Required For Complex, Multi-Site Inventory Management

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With the capability to handle live inventory insight across multiple sites, MYOB Acumatica is a true Cloud ERP system, providing real time, role-based insight into your entire business. Gain control over your inventory with live information about your stock on hand, stock allocated for orders and sales order or forecast intelligence.

The rise of online ordering means that it is more essential than ever for you to have tight control over your inventory coupled with secure, up to date information on your customers, their orders and their service history.[/vc_column_text][/vc_column][vc_column][vc_column_text css=””]

Watch A Demo Of MYOB Acumatica Inventory

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MYOB Adv Inventory Demo

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Monza Manage Over 25,000 Products With MYOB Acumatica

Monza needed a scalable cloud solution with minimal learning curve, enabling field sales reps to place orders using live inventory data and accurate customer information. With a network of 1500 customers and 25,000 products, the system had to support complex, integrated business processes, extending real-time data to their dealer portal. These capabilities aim to reduce inventory costs by improving efficiency and accuracy.[/vc_column_text][vc_column_inner width=”1/4″ animation_in_type=”transition.expandIn” animation_in_offset=”100″ animation_in_duration=”300″ animation_in_delay=”0″ css=”.vc_custom_1721181983665{margin-right: 3px !important;margin-left: 3px !important;border-top-width: 2px !important;border-right-width: 2px !important;border-bottom-width: 2px !important;border-left-width: 2px !important;padding-right: 5px !important;padding-left: 5px !important;border-left-style: solid !important;border-right-style: solid !important;border-top-style: solid !important;border-bottom-style: solid !important;border-color: #ffffff !important;}”][mpc_button preset=”default” url=”url:https%3A%2F%2Fstaging.ndevr.com.au%2Fmonza-imports-myob-advanced-customer%2F|title:Monza%20Imports%20Shift%20Gear%20and%20Increase%20the%20Revs” font_preset=”preset_0″ font_color=”#ffffff” title=”Read The Monza Case Study” background_color=”#42662d” border_css=”border-radius:15px;” padding_css=”padding:20px;” margin_css=”margin:5px;” hover_background_color=”#8f3c6c”][/vc_column_inner][vc_column_inner width=”3/4″ css=”.vc_custom_1721182024573{background-color: #d6d0d9 !important;border-radius: 10px !important;}”][vc_column_text]

“The complexity of our operations and coming off a big business ERP system meant that we were asking for functionality to support business processes that didn’t get mentioned in MYOB’s sales brochures, yet Ndevr was up-front handling every one of our questions and requirements openly and honestly.”

CRAIG NICHOLS | IT MANAGER

MONZA IMPORTS

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Request A Tailored Demo Of MYOB Acumatica

Email info@ndevr.com.au or Phone +613 9865 1400 

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