An enterprise resource planning system maps the flow of goods in your company from the order to the final sale. Such systems can be helpful for both online stores and store operators. They can also be used for Amazon and Ebay.

Because you always get an up-to-date overview of all stock movements. To do this, you create your items once in the system and then see what happens to them. So you always know where your items are and how often they have been sold. You will receive valuable data that will help you to optimally plan your inventories.

Some inventory management systems also provide you with other components that help you manage your inventory, such as:

► Cash register interfaces
► Time recording
► Financial management
► Data exchange via interfaces
► Data evaluation

Which enterprise resource planning system is best suited for your company depends on many factors. It is enormously important to find a suitable system. If you discover after the fact that important functions are missing or that certain tools are not suitable for your purpose, the greatest benefits of an enterprise resource planning system are lost: time and cost savings.

An enterprise resource planning system is based on a database. Master and transaction data are managed by him in a clear and structured manner.

The master data is, for example, the individual items that you offer. In addition, there is the data of customers, suppliers, prospects, employees and much more. The transaction data are e.g. quotations, orders, invoices, purchase orders, etc.

To begin, you need to enter or import the relevant data into the system, and then you’re ready to go. If you receive a delivery with new goods, this is recorded in your merchandise management system. If an item is sold, you can look up where it is in the system and record the sale as well.

Such a system is based on constantly managing all relevant data and keeping it up to date at all times. The advantages are obvious: you always know how much product is in your warehouse. In this way, you counteract supply bottlenecks and can also evaluate which items are sold most frequently, when demand is particularly high, and what quantity you can plan for in the future.

Merchandise management systems enable you to work in a structured manner: Long searches because individual items have disappeared in the warehouse and can no longer be found are now a thing of the past. You can offer your customers fast and reliable delivery. The bottom line is that you work more seriously, more efficiently and faster. And that will also be reflected in your sales figures.