Codestone

Category: ERP systems

Businesses hoping to gain more control over their stock level operations might wish to consider investing in an enterprise resource planning (ERP) system.

According to the Wall Street Journal, many small and medium-sized enterprises (SMEs) use the software - such as SAP Business One - to manage such procedures.

The source noted the technology pulls from both hardware and software programs to coordinate a number of functions.

These can include distribution, shipping and invoicing.

“An ERP system can help a business owner figure out the amount of [stock] needed to prevent overstocking, which can reduce overhead,” the information outlet explained.

It added SAP is one of the major players in the IT world and observed the company is now trying to tap into the SME market as the price of the latest technology has decreased.

The Computer Economics’ Technology Trends 2010/2011 recently highlighted ERP systems as the top IT investment a firm can make.

Posted by Jamie Rees