A simple guide to accounting for inventory
Learn the basics of inventory accounting and get a better understanding of your financial position.
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Deliver quality products to meet customers’ demands and minimise risk with flexible manufacturing ERP software.
Both ERP and MRP software are designed to help your manufacturing business run smoothly.
Enterprise resource planning (ERP) software allows you to effectively manage your resources. It gives you a complete overview of your planning, inventory management, sales, finance and people management.
Manufacturing resource planning (MRP) software is tied into your manufacturing processes. It can help identify inefficiencies in the supply chain and provide data to help you implement better solutions.
Put simply MRP is manufacturing ERP software developed specifically for the manufacturing industry, to help you control operations, ensure the delivery of consistent quality goods, and take advantage of new commercial opportunities.
React quickly to changing demands in the industry, speed up response time and manage changes to pricing and shipping to help foster positive relationships with your customers thanks to manufacturing CRM systems.
Maintain a consistently high quality throughout the manufacturing process to minimise the risk of recalls. Identify areas of opportunity and remain flexible to act on them.
Connect your accounting software with ERP solutions for your manufacturing business and get actionable insights into your production costs to see where to cut spend and save money faster.
A competitive market and fluctuating resource costs make producing high-quality metal products to exact specifications a challenge.
Getting the best manufacturing software will allow you to manage resources, production schedules, and customer orders and tie them into your accounting systems.
Manufacturing businesses must compete with machinery and equipment suppliers at home and abroad, so profitability is essential.
Manufacturing software will help you save money on inventory control and get more value from employees and assets.
With technology-intensive products and shortening product life cycles, it's vital to ensure investments return revenue to the business quickly.
To cut costs and improve cash flow, you need access to detailed information about every aspect of your business processes. With the right accounting software, you can make timely decisions based on complete and accurate data to move your manufacturing business forward.
Compliance, lack of oversight and increasingly complex supply chains are some of the challenges faced by manufacturers. With the right software, you can:
Recent legislation in many countries has given government departments increased power to intervene with manufacturers’ operations and easily demand product recalls and withdrawals.
Knowing and understanding your business can be a challenge even at the most productive times. With complete, accurate and on-the-spot, up-to-date data, you can make smarter decisions.
With a fast and accurate manufacturing ERP system it’s easy to track progress. Keep on top of key factors like costs, demand forecasting, production downtime and inventory excess.
Learn the basics of inventory accounting and get a better understanding of your financial position.
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