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Nothing is more frustrating than promising a customer a product and finding out it’s out of stock … all because your inventory data is flawed or out of date. Worse still is telling a customer you’re out of stock on something when in fact you have plenty of it. Is it any wonder that businesses crave better inventory data? A new paper from Sage called Conducting a Cost-Benefit Analysis for ERP sheds light on the many benefits to consider when implementing an ERP solution. One of the many benefits is greater reliability. Accurate, timely business data is critical to all departments in your organization, but perhaps it is most critical to the inventory and fulfillment centers. Without accurate data, they can’t fulfill customer orders quickly. They may erroneously report information to sales or manufacturing. These errors can multiply, causing cost overruns, duplicate stock, and excess warehouse space taken up with redundant products. Better Data Leads to Faster Shipping Times Consider your company’s data needs when it comes to shipping times. Integrated systems that can share ordering, warehouse, and fulfillment data can provide an accurate picture of possible shipping times. Customers rely upon this information to predict their own business needs. […]