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3 Ways Inventory Management Software Can Keep Your Business Profitable

The software that you need to use in order to manage your inventory can be pricey, especially when you are a smaller business. The fact of the matter, however, is that without it you are at a huge disadvantage. We talked with Lee House of Advanced Distribution Software about 3 ways your business can best utilize top inventory management software solutions.

Formever

Formever is a unique piece of software for business. Businesses can make custom systems that conform to their way of doing business, without any programming of code. Like a spreadsheet program gives users the tools to make their own spreadsheet, the platform gives users a set of tools to make their own system. General Ledger is well supported, and it’s easy to integrate that with operational aspects of the business.

ERP Education: Losing Our Religion

Many organizations have lost sight of the fact that there is a difference between ERP education and ERP software training. End-user software training is very important, but it can be very different from understanding the original design intent of the system or the correct application of the software capabilities.

BravoSolution Supplier Value Management

BravoSolution Supplier Value Management is supply chain managenment software available as an aspect of the BravoAdvantage system. The module is equipped with multiple key supplier management tools including supplier onboarding and qualification tools, segmentation and supplier risk management capabilities, and 360 degree end-to-end supply chain visibility.

Ivalua Sourcing

Ivalua Sourcing provides users with a set of collaboration tools they can use throughout the sourcing process. After users compile a list of suppliers, they can then send out a RFQ to each one and have them reverse bid on it.

Ivalua Supplier Management

Ivalua Supplier Management ensures that each of the user’s supplier’s performance is up to speed so that they can avoid any possible problems in the supply chain. The program starts off by attaching a detailed risk profile to each supplier.

Plex Manufacturing Operations

Plex Manufacturing Operations is a robust cloud ERP solution that supports every aspect of the user’s enterprise manufacturing operations. The software provides users with CRM tools designed to improve the entire order and sales process for manufacturers, tools to monitor the manufacturing supply chain, and over 350 other functional modules to streamline the user’s processes from shop floor control to quality management to accounting.

Epiq Supplier Management

Epiq Supplier Management helps users manage all supplier data and relationships by tracking performance and transactions. Users start off using the program by registering suppliers they wish to work with.

Epiq Sourcing

Epiq Sourcing works throughout the entire sourcing cycle to help users find the items and materials that their company needs. When users first use the program, they can find new suppliers and add them to their vendor list.

Siemens Tecnomatix

Tecnomatix is a PLM software solution that can work at a global scale. During planning phases, the program can detect production problems, create schedule estimates and make all product information easily viewable for the customer and the user’s company.