Operating an SMB means having to multitask between lots of time-consuming activities like managing customer relationships and tracking finances. The purchasing of product orders and stock handling is among the critical components. If you manage to keep these in line, your business will function well. With SAP Business One ERP, you can see that it is useful to your business. 

Simplifying Purchase Orders: 

A purchase order (PO) is forming feedback to suppliers asking for products. This is critical for inventory management as it guarantees that you have all the stock in place when required, however not overly purchased and nor under-purchased. 

How does SAP Business One factor into the picture? 

• Automated PO Creation: SAP Business One will auto-generate your purchase orders based on inventory levels and reorder points. It can be done automatically thereby saving time and reducing errors. 

• Approval Workflows: In SAP Business One, you can have approval workflows in place that would require Purchase Orders to be reviewed and approved by the responsible departments before they are distributed to vendors. 

• Vendor Management: It should offer you the chance to manage your vendors; this means it will be able to store all your supplier data, including previous orders and payment details. Which later allows for affiliation management and deal negotiation to happen more easily. 

• Live Tracking: SAP Business One enables you to track the status of a PO in and out on any quantity order stage, you will know exactly when an order is confirmed, shipped and ultimately received. 

Inventory Management: 

Inventory management is the process of making sure you have enough products available for your customers and maintaining that stock at a desirable level.  

• Real-time Inventory Levels: This means you'll always have up-to-date information on how much stock of everything you own, what is in order and what is reserved for customers. 

• Stock Movements: System calculates stock movements each time when you receive new stocks, or a product shipped to customers. By doing this tracking, we avoid situations of stockout or overstock. 

• Stock Control: if you have more than one warehouse, this SAP Business One option will help manage them all in real time. Have inventory levels tracked between several locations and move your stock where you need it. 

• Predictive Analytics: It can help forecast by analyzing historical sales data used to predict future demand. This forecasting helps you to make the right stock order at the time of in-stock, so this reduces overstock or shortage issues. 

Integration and Reporting: 

As it consolidates numerous business processes, you can gain visibility into your end-to-end operations. Their end-to-end reporting and analytics ensure you provide decision-ready insights. With just a couple of clicks you can create reports on purchase orders, inventory levels and sales etc. 

Tasks are made easier with SAP B1.

Based on your data this system offers a solution with many automated processes and real-time insights to help you make data-driven decisions. Get in touch with SoftCore Solutions, your SAP Business One partner in Mumbai for Your Purchase Orders & Inventory management with SAP B1