For any business to thrive, it is necessary to do quality resource planning. A proper resource plan helps in leveraging your finances and growing your business well. And when it comes to managing resources in the manufacturing industry, nothing is better than Sage 100 ERP Hosting software.
It is a software solution for all your enterprise’s needs – you can simplify the manufacturing process, issue work orders, maintain bills, and do much more. It offers different modules for managing inventory, generating sales orders, streamlining material procurement, and other processes.
Let’s have a more in-depth look at how Sage 100 ERP can benefit your manufacturing industry:
1. Managing Inventory
Inventory is the backbone of every manufacturing unit. It is used to track the availability of raw materials and finished products, perform a valuation of stored goods, and forecast demand.
The availability of raw materials directly affects the production chain in the industry. A shortage of raw materials can shut down your production lines, delaying work orders. While an incorrect valuation of stored goods can lead to errors in calculating the cost of goods sold, it then affects an organization’s gross profitability.
With Sage 100 ERP, you can do easy physical counts and pre-define stock levels for timely restocking. It allows you to keep a detailed history of all your transactions, ensuring you perform an accurate valuation.
You can use up to 30 alphanumeric characters for identifying your items and track them using their designated item or lot number. You can even maintain separate inventory for multiple warehouses, allowing you to track their stock individually. Also, you can calculate commissions, track warranties, and create price schedules for comprehensive pricing.
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